Corporates have well defined systems in account payables & use accounting or ERP systems for requisition & approvals of expenditure prior to cash being handed out, cheques being written or bank transfers instructed. Popote Pay provides an API integration that empowers these systems to complete payments digitally
Example use case:
Accountants using the ERP system creates payment requisitions with details such as the GL category, explanation notes & attachments
Payment requisitions can be from Kes 100 to 50M so everything from petty cash, A/C Payables, Payroll, utilities & even taxes can be paid
The requisition is sent from the ERP to Popote Pay. Approvers by hierarchy receive SMS or email notification, review the details & approve
Payment is instant to mobile nos on any network, tills, paybills & bank accounts. International transfers are also completed in 2 days
The accounting system or ERP is updated while using Popote Pay the management can review detailed expenditure statements & analytics