OnPay Solutions

Based in Jacksonville, Florida, OnPay Solutions was established in 2009 by the leadership team of Neal Anderson and Juliet Negrete-Anderson. The firm specializes in automating accounts payable (AP) processes, providing a suite of services to streamline and reduce costs associated with invoice payments. Before its acquisition by Medius in March 2022, OnPay Solutions operated as a provider of a payment automation platform designed for businesses to manage and optimize their payment workflows.

Neal Anderson, with over 25 years in the payments industry, and Juliet Negrete-Anderson, with extensive experience in marketing, communications, and operations, founded the company to improve the efficiency of accounting professionals. Their combined expertise shaped the company's focus on delivering practical, automated payment solutions. Juliet Negrete-Anderson's background includes roles where she managed strategic initiatives and built productive teams, experience that has been integral to maintaining a high client satisfaction rating at OnPay Solutions.

The company's core business revolves around providing a cloud-based platform that automates the entire accounts payable cycle. This includes invoice processing, approval workflows, and execution of payments. The service is designed for mid-sized to large enterprise clients, helping them transition from manual, paper-based processes to electronic payments. OnPay Solutions serves a diverse client base with revenues ranging from $50 million into the billions. The platform supports various payment methods, including virtual cards, ACH, checks, and wire transfers, and integrates with clients' existing ERP and accounting systems. The business model generates revenue by facilitating these transactions and, in some cases, offers a cash rebate to clients based on their spending, creating a shared value proposition.

The primary product is a comprehensive payment automation platform that handles end-to-end vendor payments. Its features are designed to reduce manual data entry, minimize fraud risk, and improve operational efficiency. The system provides a centralized dashboard for monitoring and controlling all B2B expenses and accounts payables. A key benefit is the ability to remain bank-neutral, allowing clients to use the service without changing their existing banking relationships. Following its acquisition by Medius, the OnPay Solutions technology has been integrated into Medius's broader source-to-pay platform, enhancing its capabilities in the North American market.

Keywords: accounts payable automation, B2B payments, invoice processing, payment automation platform, vendor payments, financial software, AP automation, electronic payments, virtual cards, ACH payments, corporate finance technology, source-to-pay, procure-to-pay, payment processing, fraud detection, risk mitigation, cash management, invoice management, spend management, payment workflow