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By Monto
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ACH
Automated Clearing House (ACH) is an electronic network that processes large volumes of financial transactions, including B2B payments.
Credit and Debit
Corporate debit and credit cards used specifically for B2B payments
Wire Transfer
Electronic fund transfers between entities
Batch Processing
Payments can be processed by batch without manual intervention
Payments Scheduling
Ability to schedule payments at predefined dates and times
Automated Workflows
Workflows to manage every stage of the payment process
Self Service
Self-service portals and mobile apps to submit invoices for processing
Reconciliation
Match invoices, payments, and bank statement information
Settlements
Clearing of electronic payments to transfer funds from customers to suppliers
Payment Tracking
Track each stage of the payment process and manage payments history
PCI Compliant
Comply with information security standards for credit card processing
P2PE
Point-to-point encryption to convert sensitive financial information into indecipherable code
Fraud Management
Features to protect companies from attempts to steal sensitive information like credit card details
SSL Encryption
Secure Sockets Layer is the standard security protocol for encryption of electronic data
SOX
Comply with the Sarbanes-Oxley Act (SOX) to protect companies and the public from accounting erros and fraud
SOC
Ensure compliance with Association of International Certified Professional Accountants standards for cloud vendors SOC1 and SOC 2
Agnostic Integration
The software can be integrated with any other products
Reporting Consolidation
Reports are generated using financial data from multiple sources
Plugins and APIs
The vendor provides pugins and APIs that customers can use to create custom integrations
Encryption
Built-in security to protect payment information in order to prevent fraud and hacking.
Credit Card Processing
The ability to process credit card payments and receive approval or denial of funds from the customer's bank.
Mobile Payments
The ability to process mobile payments from a mobile wallet or other mobile phone payment app.
Digital Wallet Integration
The ability to process payments from a digital wallet service or other digital payment method.
Reporting & Analytics
Reports and analytics created from payment data.
E-commerce Integration
The ability to integrate directly with an e-commerce platform in order to create a seamless checkout experience.
Processing Fees
Fees associated with processing individual transactions that may be based on a percentage of the purchase or a flat rate.
POS Integration
The ability to integrate with a POS system in order to allow the processing of credit card or mobile payments in a store setting.
Omnichannel
Process payments from multiple channels such as ACH, mobile, or e-commerce.
Levels 1 & 2
Supports levels 1 and 2 for credit card payment processing.
Level 3
Supports level 3 credit card processing which requires additional data for qualification.
Multi-Currency
Allows users to process payments in multiple currencies.
Online payment portal
Provides an online portal where customers can make payments.
POS Verification
Support cardholder verification methods for POS transactions.
Accounting integration
Provide integration with accounting software and ERP systems.
Provide integration with B2B and B2C e-commerce platforms
AP Automation
Manages large volumes of invoices and financial transactions between a company and its suppliers
E-Commerce
Facilitates the acceptance of electronic payment for online transactions
Retail
Features a common interface for in-store, online, and on-the-go set across all acceptance points
Status
Reports on the status of invoices or payments This feature was mentioned in 17 Monto reviews.
Customer Credit
Run reports on customer credit 13 reviewers of Monto have provided feedback on this feature.
History
As reported in 15 Monto reviews. Tracks all transactions, from issuing invoices to payment reminders to receiving payment
Accounting
Based on 14 Monto reviews. Integrates with accounting or similar platforms
ERP
Integrates with ERP systems This feature was mentioned in 15 Monto reviews.
CPM
Integrates with Corporate Performance Management platforms This feature was mentioned in 11 Monto reviews.
Credits
As reported in 10 Monto reviews. Manages credit limits based on customer credit scores, payment history, or other financial metrics
Invoices
As reported in 16 Monto reviews. Creates or imports invoices
Payments
Collects different payment types and manages payment terms This feature was mentioned in 14 Monto reviews.
Approvals
Based on 14 Monto reviews. Offers customizable approval processes for all types of transactions
Based on 15 Monto reviews. Reconciles payments to invoices to ensure matching
Autonomous Task Execution
Capability to perform complex tasks without constant human input
Adaptive Learning
Improves performance based on feedback and experience
Generative
Sends automated messages and reminders, resolves disputes, or does proactive outreach.
Responses
Responds to basic questions from inbound emails.
Predictive Analytics
Analyzes past transactions to make a prediction of when future payments are likely to be paid.