{"id":4961,"date":"2020-08-14T12:00:34","date_gmt":"2020-08-14T06:30:34","guid":{"rendered":"https:\/\/razorpay.com\/blog\/?p=4961"},"modified":"2025-03-05T09:51:47","modified_gmt":"2025-03-05T04:21:47","slug":"getting-started-with-razorpayx-vendor-payments","status":"publish","type":"post","link":"https:\/\/razorpay.com\/blog\/business-banking\/getting-started-with-razorpayx-vendor-payments\/","title":{"rendered":"Getting Started With RazorpayX Vendor Payments"},"content":{"rendered":"

Every business relies on vendors and contractors to avail services like office space and supplies, food, software subscriptions, travel and entertainment, etc. And, relying on manual methods to make invoice<\/a> payments can be difficult.\u00a0<\/span><\/p>\n

Here\u2019s how you can get started with RazorpayX Vendor Payments and automate payouts and taxes.\u00a0<\/span><\/p>\n

What is RazorpayX Vendor Payments<\/span><\/h2>\n

Vendor Payments is a modern solution that\u2019s packed with the latest tech and features for businesses to use. The Vendor Payments App allows you to automate the process of making payments to your vendors.\u00a0<\/span><\/p>\n

All you have to do is upload an invoice on the RazorpayX Dashboard, add the vendor details and create the payout as per your business requirements.<\/span><\/p>\n

How Vendor Payments works<\/span><\/h2>\n

Auto-Capture Invoice Details<\/span><\/h3>\n

Once you upload an invoice, our intelligent OCR extracts and populates most fields. This saves you the trouble of manually entering data, reducing the possibility of errors.<\/span><\/p>\n

Track and manage invoices<\/span><\/h3>\n

The Vendor Payments dashboard<\/a> gives you complete visibility of all upcoming invoice payments. You also receive email reminders so you never miss an invoice payment<\/a> again.<\/span><\/p>\n

Pay your Vendors<\/span><\/h3>\n

You can make payments using IMPS, UPI, NEFT<\/a>, and RTGS. Eliminate the time and effort spent on manual reconciliation with the payment status available in real-time on the dashboard.<\/span><\/p>\n

Auto-Pay TDS<\/span><\/h3>\n

TDS is applicable on invoices based on the vendor category. The app automatically deducts and sets aside the applicable TDS. At the end of the month, the amount is automatically paid. The challans will be available on the dashboard.<\/span><\/p>\n

Join RazorpayX!<\/a><\/div>\n

 <\/p>\n

How to get started<\/span><\/h2>\n