About Vendor Payouts
Explore bulk, scheduled and partial payouts for vendor invoices.
RazorpayX enables you to make payouts towards vendor invoices in different ways. You can choose to settle the dues against all the invoices raised by the vendor in one go, or make selective payments. You also have the option to schedule your payments at a future date and time.
Partial Payouts feature in RazorpayX enables you to make payouts in small chunks against one or more invoices of the vendor. You can also use Partial Payouts to pay at regular intervals to a vendor.
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RazorpayX enables you to do bulk payouts against multiple invoices of a vendor in one shot. You can view the invoices, select the required invoices for payment and pay the entire amount in one go, or schedule it for a later date and time.
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Handy Tips
Bulk payout against multiple invoices will be displayed as a single payout in the Payouts section of your dashboard.
Most businesses benefit out of making payments on or just before the invoice due date. Making payments closer to due date or on due date helps in maintaining a higher net worth and a smoother cashflow, especially for SMEs and MSMEs. In such cases, scheduling the payouts to your vendors can be helpful. All you must do is, ensure that, on the day of processing the payout, you have adequate balance in your account.
Scheduling payouts helps you to:
- Eliminate the need to do multiple checks.
- Ensure the due date is not missed.
- Be consistent with your payments thereby enhance your business relationship with your vendors.
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