Payhawk gives companies the option to pay outstanding invoices directly from the product. That way the organization has a holistic view of its payments as it combines card, cash, and bank payments in a single process.
Here's how it works:
Log into your Payhawk account & go to your Expenses tab
Navigate to the + button to create an expense
Select bank expense to upload one or multiple invoices
Select the bill you want to pay
Check and make sure that all expense information is correct
Mark the expense as reviewed
We would ask you for different information depending on the expense currency
For GBP invoices, we use Faster Payments as a payment method.
For EUR invoices, we use SEPA and SEPA Instant.
If the payment is to a new supplier, we would ask you to verify the payment details we've extracted and click Save in order to proceed.
If it's an existing supplier, we will make sure that you are aware if they are any changes to the payment details.
If the extracted details from the invoices match the ones we have on record, we will automatically confirm the payment details, making the expense ready for payment.
Once confirmed, you can see the payment details as a preview on the expense.
If the payment data is correct, you can continue by clicking on Pay.
You will receive a confirmation request in the Payhawk mobile application.
You can proceed by clicking on Confirm.
Once confirmed from the mobile, the expense automatically changes its status to Processing.
Once it is processed by the bank, the status will change to Paid
Payhawk always saves the payment information (IBAN, Reference, Date, and Payment source) and provides it for you in your export file.
It's time to leave your online banking and start paying your bills the smart way.
If you need help or have any questions, don't hesitate to reach out directly.
Just click on the chat icon in the bottom right corner and a member of our team will be with you in a minute!