Tag Archives: finance automation


Paymerang Partners with Prelude Software to Expand Healthcare Portfolio

Prelude’s PayPilot® Payment Processing Module for MEDITECH Expanse now direct-connects to Paymerang Paymerang, a leader in accounts payable automation, announced a new strategic business partnership with Prelude Software, and now is integrated into Prelude’s PayPilot payment processing module.  Prelude’s PayPilot makes it easy for MEDITECH Expanse Hospital clients to use Paymerang for its disbursement. This comprehensive solution allows hospitals to … Read More

Paymerang Named a Top FinTech Company in Virginia by Daily Finance

Daily Finance has named Paymerang a top FinTech (Financial Technology) company in Virginia. Daily Finance awarded startups and companies for taking a variety of approaches to innovating the FinTech industry. The online publisher noted, “We tried to pick companies across the size spectrum from cutting edge startups to established brands.” These FinTech companies were selected … Read More

Global FinTech Series Interviews Paymerang CEO on Innovation in FinTech

In a recent interview with Global FinTech Series, Paymerang CEO Nasser Chanda discussed why FinTech companies need to keep innovating to address changing business needs and how automation is integral to the better functioning of finance teams. What are some of the biggest trends that you’ve followed as a FinTech executive over these years? One … Read More

Paymerang CEO featured in SmartPros CFO education segment on finance automation

Paymerang CEO, Nasser Chanda, appeared in Financial Management Network‘s continuing education series to discuss the benefits of accounts payable and accounts receivable automation for enterprises. Click here to view the video. Financial Management Network is a professional education service of SmartPros, a Kaplan company. They deliver accredited continuing education programs and professional development training to meet state … Read More

Paymerang Partners with Prelude Software to Expand Healthcare Portfolio

Prelude’s PayPilot® Payment Processing Module for MEDITECH Expanse now direct-connects to Paymerang

Paymerang, a leader in accounts payable automation, announced a new strategic business partnership with Prelude Software, and now is integrated into Prelude’s PayPilot payment processing module

Prelude’s PayPilot makes it easy for MEDITECH Expanse Hospital clients to use Paymerang for its disbursement. This comprehensive solution allows hospitals to pay their vendors faster and more efficiently.

“Prelude is proud that MEDITECH has chosen our PayPilot solution to be its payment processing module,” said Steve Root, President, Prelude Software. “This module makes it possible for our mutual clients, such as Magnolia Regional Medical Center, to benefit from the full portfolio of payment capabilities of our partners, such as Paymerang.” 

Hospitals can make all payments with one click and with an end-to-end, fully integrated solution from MEDITECH to Paymerang via Prelude’s PayPilot. Payment automation, from disbursement to settlement data for all payment methods, can be completely handled all within MEDITECH. The process is now easy and seamless for healthcare organizations to experience the many benefits of Paymerang that are now enabled via PayPilot directly from the MEDITECH platform.

“This partnership solution connects directly to our MEDITECH Accounts Payable, so we have one click that sends the payments through Prelude’s PayPilot solution directly to Paymerang and they handle the rest,” said Haven Caldwell, Controller, Magnolia Regional Health Center. “This has been a game-changer for us.” 

“MEDITECH is trusted by thousands of healthcare professionals nationwide and we are honored to be enabled by their partner, Prelude Software, to be a direct-connect to MEDITECH AP via PayPilot to provide our fully automated accounts payable solution,” said Nasser Chanda, CEO of Paymerang. “We look forward to creating more growth opportunities in 2021 through similar strategic business partnerships.” 

You can read PYMNTS.com’s recent article featuring Prelude Software to learn how a B2B payment automation strategy can lead to stronger hospital-vendor relationships.  

Also featured on: Owler.com

About Paymerang 
Paymerang offers award-winning accounts payable automation solutions to clients around the country in education, nonprofit, healthcare, media, manufacturing, services, and beyond. Through its unique simplicity, Paymerang enables clients to automate their invoice process and pay all their vendors electronically with a single payment file. By handling the entire accounts payable process, Paymerang provides enhanced visibility, efficiency, security, and financial rewards. To learn more, visit https://www.paymerang.com 

About Prelude Software 
Prelude’s PayPilot® Disbursement Hub Solution is the single source for omni-channel, automated, payment processing gateway with seamless integration with core systems, such as MEDITECH Expanse, to provide robust, digital payment modalities, including self-service payee portals with payment choices, with native modules and integration with best-of-class, third-party solutions, such as Paymerang. To learn more, visit https://www.paypilotdisbursementhub.com/ 

About MEDITECH 
MEDITECH has driven EHR innovation during every stage of the industry’s evolution. Today we’re helping healthcare organizations around the world expand their vision of what’s possible with MEDITECH Expanse, a web-based EHR that’s setting new standards for usability, efficiency, and clinician satisfaction. We help power the best care possible in every care setting, from acute centers and ambulatory practices, to home health agencies, long-term care facilities, patients’ homes and beyond. Expand your possibilities and see why Expanse was rated the #1 EHR in multiple categories by KLAS. Visit https://ehr.meditech.com and find us on Twitter, Facebook, and LinkedIn.

Paymerang Named a Top FinTech Company in Virginia by Daily Finance

Daily Finance has named Paymerang a top FinTech (Financial Technology) company in Virginia.

Daily Finance awarded startups and companies for taking a variety of approaches to innovating the FinTech industry. The online publisher noted, “We tried to pick companies across the size spectrum from cutting edge startups to established brands.”

These FinTech companies were selected for exceptional performance in the following categories: Innovation, Growth, Management, and Societal Impact.

In 2020, Paymerang launched an innovative Invoice Automation Solution designed to help organizations gain efficiency, improve accuracy, enhance visibility, and eliminate paper in their accounting processes. The innovative solution was backed by a second-round investment of $10M from Aldrich Capital Partners.  

Read the full list of top Virginia FinTech companies on Daily Finance.

About Daily Finance

Daily Finance is a finance, FinTech, and cryptocurrency magazine founded and owned by Fupping LTD. Daily Finance aims to provide independent analysis and research.

Global FinTech Series Interviews Paymerang CEO on Innovation in FinTech

In a recent interview with Global FinTech Series, Paymerang CEO Nasser Chanda discussed why FinTech companies need to keep innovating to address changing business needs and how automation is integral to the better functioning of finance teams.

What are some of the biggest trends that you’ve followed as a FinTech executive over these years?

One of the biggest trends in payments and FinTech is the move to the “Perfect Payment”. That’s a payment which is accurate, timely, accessible, and efficient. This will happen through technology tools implemented for the buyer and the vendor. Looking at it from the consumer space, before PayPal came along, consumers had limited ways of transferring money or paying for goods. PayPal created a secure solution for financial transactions to happen on mobile devices and in emails, and then linked those transactions into the traditional rails. That made payments easy and accessible for the world. Now we have Venmo and Zelle to increase our options. In the AP world where Paymerang lives, we’re solving the same problems of accuracy, accessibility, efficiency, and timeliness, except that the equation gets complicated by aggregated invoices, credit memos, short payments, and voluminous reconciliations. Then you add the challenges of fraud prevention to that. The more the rails are synchronized for buyers and vendors, the more we can reduce friction and enable the Perfect Payment. We need more software and more tools tackling these problems. One of the tools we’re using at Paymerang is artificial intelligence (AI) to read invoices, intelligent rules to route these invoices, and APIs to post these invoices to the general ledger. All that being said, there is a crucial human aspect required to building a payment solution, which I believe many of Paymerang’s competitors miss out on. Payees don’t all act the same—some want to receive payment by email, but others may require a phone call. In the payment space, it is critical to know how to balance technology and human interaction. Though we’re a FinTech at our core, we try to make Paymerang a very human company.

In what ways have you seen emerging technologies like AI impact FinTech and payment solutions?

We use AI to read invoice data and have also seen robotic process automation (RPA) automate cash application. Rules-based engines and low-code technologies are being used widely now to automate basic tasks. These are tools though, and the companies that can architect them into practical solutions will win. The human element is critical here. Paymerang believes in automation combined with humans for the optimal environment.  Great technology should combine AI with humans through great experiences to deliver successful outcomes.  The combination is the silver bullet.  Too much reliance on one without the other is far less optimal and potentially full of risk.

What are some of Paymerang’s upcoming product innovations?

Our newest product is full Invoice Automation, specifically geared toward the needs of small and mid-size businesses. In the future, we plan on bringing more products to Finance officers that enable them to automate more functions within their realm of influence, including both the AP and AR functions. We’re continuing to grow our team, promote our people, and research new business opportunities. The fun part is in creating a culture of innovation that helps our people be successful and solves problems for our customers.

Learn how your finance team can leverage the latest in finance automation technology by scheduling a no-obligation call with our team.

Click here to read the full Global FinTech Series article.

Paymerang CEO featured in SmartPros CFO education segment on finance automation

Paymerang CEO, Nasser Chanda, appeared in Financial Management Network‘s continuing education series to discuss the benefits of accounts payable and accounts receivable automation for enterprises.

Click here to view the video.

Financial Management Network is a professional education service of SmartPros, a Kaplan company. They deliver accredited continuing education programs and professional development training to meet state ethics and industry requirements. From self-study and live training, to virtual classroom and streaming learning, SmartPros is the gold standard for training and provides accreditation for Continuing Professional Education (CPE) in all 50 states.