RBC PayEdge is a cloud-based accounts payable solution that helps businesses streamline their accounts payable processes. RBC PayEdge reduces manual tasks, seamlessly connects to leading accounting and ERP platforms, and optimizes the reconciliation and approvals processes.
No, you don’t need to have your bank accounts with RBC to use RBC PayEdge.
As a cloud-based platform, RBC PayEdge exceeds all Payment Card Industry (PCI) standards and is subject to annual compliance audits. RBC PayEdge utilizes enhanced encryption going above industry-standard procedures for payment transactions and leverages a world-class cloud computing infrastructure provider.
RBC PayEdge seamlessly integrates with QuickBooks, Sage and Xero.
RBC PayEdge allows you to download supplier information from your accounting or ERP solution or create supplier records within RBC PayEdge. It also helps you gather important supplier information like banking details and securely stores it to help enable supplier payments and send supplier information.
Software Integration and APIs
RBC PayEdge integrates seamlessly with QuickBooks, Sage and Xero.
RBC PayEdge has pre-existing API’s and in some cases, the ability to create more tailored API’s to enable custom integrations for your business. If you’re interested in exploring a custom API, please get in touch with us at email@example.com
Funding, Payments and Managing Suppliers
You can access funds in either a Canadian or US dollar account at any Canadian financial institution or credit union.
Yes, you can fund payments from your credit card for the total amount or a portion of your payment order within RBC PayEdge. This feature is a great way to make the most of your credit card billing cycle to optimize your working capital by giving yourself more time to pay invoices and to maximize credit card rewards(Disclaimer) 1.
RBC PayEdge allows you to add funds from your bank accounts or credit cards to a virtual wallet. This is a great way to reduce payment processing times.
You can make payments via electronic funds transfer, ACH (cross border & international), Interac e-Transfer, wire payment, cheque, and bill payment.
RBC PayEdge automates and sends requests via email to gather your suppliers’ payment and contact preferences. This enables digital disbursement and information to your suppliers when you make a payment order. The supplier information is securely maintained in RBC PayEdge and eliminates the time required to gather and manage supplier payment and banking details.
An email can be sent automatically to your suppliers from RBC PayEdge with payment remittance details included.
Making International Payments to Suppliers
RBC PayEdge allows you to make payments to over 130 countries in over 100 currencies.
When creating a payment order in a foreign currency, the current exchange rate offered through RBC PayEdge will appear as an option that you can choose to accept. RBC PayEdge offers competitive rates to enable payments to international suppliers.
USA, UK, the Euro Zone, Singapore, Australia, and New Zealand.
Users & Permissions
Yes, you can set up multiple users to complete individual or multiple tasks for your business.
Yes, you can set up permissions to allow your users to create payment orders, authorize or approve the orders, and setup and manage suppliers, funding sources and other tasks.
Credit card rewards may be earned in accordance with the applicable cardholder agreement or other applicable terms and conditions between you and the credit card issuer.