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Momentive Automated Payments for MIP Accounting is available today, giving nonprofits another tool to take control of their finances and improve efficiency.
Momentive Automated Payments for MIP Accounting is a fully automated accounts payable and payment workflow system that provides a real-time, centralized view to help nonprofits and associations streamline financial processes, enhance efficiency, and improve cash flow management processes.
It is the latest innovation to grow MIP Accounting and highlight Momentive Software’s commitment to advancing MIP Accounting’s feature set. With 40+ years experience, MIP Accounting is committed to advancing nonprofit missions across the country.
Financial clarity and error-free cash flow management are essential to sustain mission success. However, many nonprofits are held back by outdated, complex, and disjointed manual processes that hinder efficiency and undermine organizational visibility
Momentive Automated Payments for MIP Accounting helps nonprofits optimize and increase visibility into their financial cash flow.
Momentive Automated Payments for MIP is a partnership between Momentive Software and Corpay, a leader in the global payments business and the largest commercial MasterCard issuer in the United States. With Corpay as the payment provider, Momentive Automated Payments for MIP offers a real-time, centralized view to help nonprofits and associations streamline financial processes, enhance efficiency, and improve cash flow management processes.
MIP Users will benefit from:
- Real-time reporting and analytics: A centralized dashboard tracks expenses, monitors cash flows, and generates insights on vendor performance and payment trends.
- Automated payment workflows: Replace manual processes with an automated approach that improves overall efficiencies associated with invoice processing, financial tracking and more.
- Strengthened vendor relationships: Payment automation capabilities eliminate issues associated with late payments, providing transparency to vendors to strengthen the credit management process
- Payment choices: MIP Users will have more payment options through the use of virtual credit cards, powered by Corpay, in addition to currently available options to support payment preferences.
“In today’s unpredictable financial landscape, organizations need solutions that optimize processes associated with tracking and managing funds that not only improve efficiency but overall financial stability,” said Dustin Radtke, Chief Product and Developer Officer, Momentive Software. “… Momentive Automated Payments for MIP Accounting helps nonprofits and associations with limited personnel strengthen vendor relationships and make informed decisions. This goes beyond automating manual tasks. It enables organizations to concentrate on their mission priorities and drive greater impact.”
Momentive Automated Payments for MIP is available for users now with no additional monthly fees.
Corpay Mastercard is issued by Fifth Third Bank, N.A. or Regions Bank, pursuant to a license by Mastercard International Incorporated. Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.
