Global payments platform Veem announced on Wednesday the launch of its latest product, Veem Check. According to Veem, U.S.-based users can now issue all of their domestic payments, which include online, check, or Instant Deposit, within minutes on the Veem platform.
“As small-to-midsize businesses continue to work remotely, Veem automates the payment process through its extended suite of domestic payment products. Users can issue payments from a single platform on their desktop or smartphone regardless of their vendor’s account status — significantly reducing the time and costs associated with domestic business transactions.”
Key features and capabilities of Veem Check are the following:
- Centralize and reconcile all payables to one dashboard.
- Helpful tracking and reporting features that provide more transparency in the check delivery process, from initial receipt to deposit.
- Quickbooks and Xero accounting integration capabilities, so users can initiate a payment directly through their normal workflow.
Marwan Forzley, CEO of Veem, spoke about the product by adding:
“Small business owners, financial controllers, and accountants are moving away from paper-based payments and manual processes as the pandemic increases the demand for online payment solutions. The addition of Veem Check strengthens our domestic payment offering considerably. You can now pay anyone in the US using Veem – even if they don’t have an account with us.”
Founded in 2014, Veem states that its payment tools enable businesses to streamline their processes and build business relationships with suppliers and partners from all over the world.
“All businesses want to do is pay vendors, suppliers, and contractors anywhere, at anytime, with ease. Legacy financial systems and old technologies make this dream nearly impossible. Veem makes it a reality.”