Regal Software Announces the Release of New Cloud-Based, ERP-Agnostic Platform to Simplify Integrated Payables for Regional and Community Banks

 

Regal Software today announced the release of its much-anticipated cloud-based, ERP-integrated solution for B2B payments which will allow more financial institutions to offer a white-labeled integrated payables solution to their corporate customers.

The new platform, RegalPay One, builds on the success of its predecessor, RegalPay, which has been on the market since 2008 with over 160 ERP systems integrated and is compatible with most major banks in the U.S.

The RegalPay One application will enable regional and community banks to instantly provide a white-labeled platform for their corporate customers to automate their accounts payable function without a huge investment in technology. Business users can simplify their payments processing with the ability to transmit all payment types, including virtual cards powered by Mastercard In Control for Commercial Payments (Mastercard In Control), as well as check, ACH and wire from their accounting system, without double entry. Reconciliation is also included.

Unlike solutions on the market today that only offer a handful of ERP integrations and require a manual intervention to complete a payment, RegalPay One offers a bank branded platform that connects directly to their corporate customers’ ERP system.