RBC PayEdge

RBC PayEdge

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Discover the Benefits of RBC PayEdge

With funds easily accessed from any Canadian bank account and most credit cards, RBC PayEdge makes it easy to pay suppliers anywhere. Businesses of all sizes can save time and money, whether or not they’re an RBC banking client.

Combine multiple funding sources in one place.

Draw funds from any of your Canadian bank accounts and credit cards and access all of your funds in one centralized place.

You can then use any of these accounts to fund and pay multiple suppliers and invoices in one payment order.

Easily set up suppliers to pay them in the format they prefer.

Our supplier database contains hundreds of thousands of suppliers, with each one’s preferred electronic payment type. If you can’t find the supplier you are looking for, you can easily add a new one to the database.

You can pay your suppliers in their preferred formats including wire transfer, Interac e-Transfer, EFT (electronic fund transfer), USD Cross-border ACH (Automated Clearing House), EUR International Payment, bill payment, cheque, and your suppliers don't need to be RBC clients to receive payments.

Use your credit card to make payments and take advantage of the incentives and rewards on your card.

Easily fund your payments using your credit card – even for suppliers who don’t accept credit cards.

Make use of any incentives, cash back or rewards programs that come with your credit card just by paying business expenses.

Integrate with popular accounting platforms.

With seamless integration by connecting to QuickBooks, Sage, Xero and others, gain efficiency by bringing your payments workflow into one place.

Reduce manual work throughout the invoice-to-pay process; track, view, and match invoices and payments from a single dashboard.

Make payments globally.

RBC PayEdge helps make global payments easy. Send simple, trackable, secure international payments and know exactly what you will pay upfront.

Built for Businesses. Loved by Bookkeepers & Accountants.

RBC PayEdge makes paying your suppliers and reconciling transactions simple and easy—helping you save time and money for your business.

One Dashboard. Multiple Businesses
RBC PayEdge's easy-to-use dashboard lets you manage multiple businesses in one place to pay suppliers and manage their information.
Let RBC PayEdge Do The Heavy Lifting
Reduce manual work by your staff throughout the invoice-to-pay process. By integrating with most accounting and ERP software solutions, RBC PayEdge allows your business to pay invoices and reconcile payment information in your software solution.
Advantages of Automation
With RBC PayEdge, remitted payments are automatically reconciled in your accounting software while remembering how your suppliers preferred to be paid, so you no longer need to update this information each time a payment is made.

How it Works

Save time and money by easily sending payments to vendors, consolidating funds from multiple sources,
and managing your accounts payable in one location. Once enrolled, setting up RBC PayEdge is simple.

Add Funding Sources — Consolidate all your Canadian bank account or credit card funds into onecentralized place and pay your suppliers internationally with simple, trackable, secure payments.

Set Up Suppliers —Upload your supplier database and automate their specific payments preference. You’ll rarely have to edit vendor entries again.

Sync Your System — Easily integrate with software such as (QuickBooks, Sage, Xero, etc.)

Create and Send Payment Order — Make one or multiple payments through a single order. Suppliers also receive detailed remittance information and payments are reconciled to your accounting platform.

FAQs

What is RBC PayEdge?

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.

Do I need to have all my banking with RBC to use RBC PayEdge?

No, you don’t need to have your bank accounts with RBC to use RBC PayEdge.

What security features does RBC PayEdge have in place?

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.

Which accounting solutions does RBC PayEdge integrate into?

RBC PayEdge seamlessly integrates with QuickBooks, Sage and Xero.

How does RBC PayEdge help manage my supplier information?

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.

What payment types can I make to my suppliers with RBC PayEdge?

RBC PayEdge gives you the flexibility to pay your local and international suppliersin multiple ways. The different payment methods supported by RBC PayEdge are