What is it?
Sync for Payables is the hassle-free way to integrate your bill pay product with your customers' accounting software so you can keep their supplier information, invoices, and payments in sync.
We designed Sync for Payables to handle even the most complex accounts payable workflows with ease, including scenarios that manage credit notes, refunds, partial payments, and bulk payments. Embed it into your application to automate and streamline your customers' bill payments and reconcile them across all major accounting software.
Who is it for?
We designed and built Sync for Payables for neobanks, expense management providers, and B2B payment providers. Use this solution kit in your application and automate your customers' bill payments, eliminating duplication of effort, so you can enjoy increased payment volumes as a result.
Why use it?
Increase share of wallet
Enable your customers to easily pay their bills through your software and increase your share of wallet as a result.
Get to market faster
Make your accounts payable solution compatible with all of the major accounting and ERP systems.
Leverage standardized data
Take advantage of our standardized data model to quickly and easily sync bills and bill payments with all of the major accounting software.
Support simple reconciliation
We provide a complete solution to handle the complexity of reconciling bill payments, from bulk payments to credit notes and partial payments.
How does it work?
With Sync for Payables, you can build a solution that covers all the key steps of bill management and payment, catering even to the most complex scenarios. The most common scenario of reading a bill from the accounting software and reflecting a subsequent payment is represented on the diagram.
Configure customer
Start by creating a company to represent your SMB customer in Codat. Then, establish its connection to the customer's accounting software. We will handle the authorization and linking to that platform - all we need is for your SMB to approve this access via our auth flow.
Get customer's bills
Next, let your customer choose the bills - Codat's term for accounts payable invoices - they want to pay. Get a list of their existing unpaid bills and display them in your application, and enable them to create new bills.
Help your customer manage reference data in preparation to paying these bills:
- Display their suppliers and create new supplier records for them when needed.
- Display their bank accounts so they can choose the account to pay bills from and allow them to create a new account when needed.
Record payments
When your customer completes a bill payment using your application, send the payment details to Codat. We will reflect this transaction in your customer's accounting software and reconcile it against the original bill, handling the complexities and marking it as paid.
You can then display the updated list of bills to your customer so they can keep track of their spend and outstanding bills through your application.
Supported integrations
Build with client libraries
Use our comprehensive SDKs to kick-start and simplify your developer journey automating accounts payable. The SDKs come in multiple languages and provide sample requests and responses for the full range of accounts payable workflows.
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Read next
Set up the components of your accounts payable solution: