Plug and Pay with Caxton

Paying suppliers and receiving payments are vital tasks. You might think your teams have accounts payable and receivable down to its most efficient, but in a lot of cases, managing payments means that the user must log into another app so they can move money and pay accounts receivable, which misses out on all the efficiency, control, and convenience that an embedded solution can deliver.

Got a business solution for the gig economy? Embedded payments solves for you, when designing a brand-new digital solution, or adding new financial features to an existing platform, can be prohibitively expensive. Embedded payments, means you can focus on delivering your solution to customers while we deal with the regulation, data security, and compliance requirements. - a a major headache that could otherwise deter you from embarking on such a journey.

From work-from-home set up, to team incentives, embedded payments offers a way to simplify employee benefits. Where once employees might be given an allowance and asked to expense work from home set up now they can be given an employer branded account or card which can control where they can buy from and how much they can spend.

Far from being difficult to empower workers to buy what they need to work productively, offer benefits employees really want, and sometimes the occasional reward for their hard work – embedded finance can turn a friction point into a positive employment feature.

Taking a step further to offering financial benefits to employees with embedded payments, is the idea of earned wage access. Consumers today want convenience over all, and consider money earnt to be their money – rightfully so, as they have done the work that wage is being paid out for. With the cost-of-living crisis large upon the nation, earned wage access is a clear benefit that employers can offer to attract and retain staff. Staff who – with record unemployment – have many choices regarding where to accept casual work.

Are you curious as to how the integration of payment functionality, directly into your finance team function, could improve efficiency, efficacy, and customer experience? Download this guide and find out about the top four ways finance teams are using Plug and Pay to build better companies.