Massachusetts, June 19, 2024 – Data Plus proudly introduces DP Pay, a revolutionary next gen web-based payment system now available to all customers. This innovative platform sets a new benchmark in invoice-to-pay automation, offering a sleek user interface and comprehensive virtual card supplier payment system.

DP Pay stands out as the only fully integrated payment solution within a Financial Management System (FMS) in the current market. It enables businesses to automate, optimize, and monetize B2B payments, offering various payment methods through a single platform that seamlessly integrates with Data Plus accounting software and banking systems.

Platform Highlights:

  • Virtual Cards: Secure, single-use virtual cards enhance payment security and streamline the approval process.
  • Integrated Pay Network: Consolidates multiple payment methods into one system, providing a seamless payment experience.
  • ACH Payments: Efficiently processes Automated Clearing House (ACH) payments, reducing the reliance on paper checks.
  • Check Processing: Maintains traditional check processing capabilities for vendors preferring this method.
  • User-Friendly Interface: The modern web technology offers a more attractive and faster user experience accessible from any device with a web browser.
  • Dynamic Payment Determination: Users can dynamically determine the payment method—Check, ACH, or Credit Card—at the time of payment authorization.
  • Real-Time Cash Flow Insights: Provides insights at the business unit and executive level for better cash flow control and decision-making.

Key Benefits:

  • Efficiency: Streamline vendor payments to free up valuable employee time.
  • Security & Control: Enhance visibility and control over payments with advanced security measures and fraud prevention.
  • Reconciliation: Automate reconciliation and reporting processes for accuracy and efficiency.
  • Cost and Time Savings: Identify invoice discrepancies and reduce costs by eliminating vendor errors.
  • Automated Payments: Transition from checks to virtual, one-time use credit cards with robust approval processes.
  • Fraud Mitigation: Utilize advanced risk management tools and secure payment options to reduce fraud losses.
  • Supplier Adoption: Drive supplier GL adoption with industry-leading enrollment services and automated vendor matching.

Bruce Bensetler, CEO of Data Plus, remarked,

"We are thrilled to unveil DP Pay, a significant enhancement to our Financial Management System. This fully web-based solution with its intuitive user interface places us at the forefront of the industry, offering a seamless, integrated FMS solution. Our customers have been requesting a robust solution to address check fraud, and DP Pay is our response to these demands. This innovation not only automates payments but also significantly cuts costs and saves time compared to traditional manual processes. We are proud to offer a system that meets the evolving needs of our clients and helps protect them from fraud."

About Data Plus With over 20 years in the hospitality industry, Data Plus offers a scalable accounting platform unmatched in the marketplace. Our suite of products aids businesses in understanding operations, improving efficiency, and supporting growth strategies. With connectivity to over 200 systems, Data Plus ensures comprehensive data integration and reporting.

Contact for Marketing and Press:

Tim Breese, VP of Sales and Marketing
Email: [email protected]
Phone: 914-960-4909

For more information on DP Pay and other Data Plus solutions, visit www.dphs.com.