The Smarter Way to Get Paid Across Every Customer AP Portal.

Using Monto is easy- all you need to do is to provide us with the invoices, and we take care of the rest. After receiving an invoice, Monto’s AI engine scans and validates it, including verification of data, according to the specific destination (as each customer has different requirements). Then, Monto integrates with the right portal and delivers the invoice exactly as the specific portal requires.

Monto can integrate directly with most leading ERPs and fetch invoices directly from your system. In addition, two quick and easy ways to provide invoices to Monto are:

(i) Via automatic emails from your accounting system or ERP. In all modern systems, a simple rule can be set for all “portal customers”, to deliver the invoice to Monto’s invoice inbox.

(ii) Via the Monto Platform, where you can simply log in and upload the invoice in a secure.

• Monto also handles more complex cases where other files are also needed in the portal

In most cases, it may take up to an hour to deliver an invoice to any portal. Since there are many edge cases in different portals, our commitment is to deliver the invoice in up to 24 hours.

💡 In case Monto finds an error, you will get a clear analysis + “how-to-fix” instructions.

Monto provides an end-to-end solution for getting payments from all customers that use an A/P platform. That means we get the invoice from you, and we don’t stop until the invoice is paid and confirmed in your systems. The main stages in this process are:

1. Getting the invoice from your system.
2. Validate the invoice and verify it is correct for its destination.
3. Deliver the invoice accurately to the right portal.
4. Monitor the invoice and resolve any issues when needed.
5. Provide confirmation of payments, and remittance information and match it with your internal systems.

We can easily calculate the DSO from the moment that you are using Monto since we have the invoice and payment dates. In order to compare it with your past performance, we need to get payment reports from you.

Yes, Monto can integrate with any ERP you use with a few simple actions. In addition, Monto has an approved NetSuite bundle that allows you to securely send invoices, directly from NetSuite, through our API. This bundle can also add a “Send to Monto” button to your NetSuite, to make the invoicing experience identical to the one you with emails. In the upcoming future, we will also be able to offer continuous updates into your NetSuite, making the Monto-ERP experience perfect.

Monto uses two names- the customer name on the invoice file, and the customer name in the portal.

Yes. Monto support the delivery of credit memos, and also of additional files that need to be added to an invoice or to the credit memo.

Purchase orders are a critical and vital component in most B2B transactions. While it is not mandatory, it is usually required by your customers, especially by customers that use a portal. POs provide an official statement from your customer that the purchase was made, and invoices should be matched to the right PO. In the modern, digital B2B payments world (in portals), it is the supplier’s responsibility to match the invoice to the right PO. Monto helps that process in multiple ways:

1. Monto provides you with all POs from all portals, including their status and history, allowing you to stay on top of all “recognized” purchases you have from your customers. Many of our customers find this data very useful for forecasting and financial planning.
2. Monto is accurately matching your invoices to the right POs. If Monto finds a problem (for example, if an invoice doesn’t have a PO), Monto notifies you and suggests the next steps.

Monto leads the way as a security-first organization, building the infrastructure for the future of B2B payments.

As an organization that serves large and public companies, Monto adheres to the highest security and privacy standards set by OWASP and GDPR, respectfully. In addition, Monto successfully passes SOC 2 type ii audits and penetration tests annually.

Compliance

Monto’s security team is ready to answer any question, questionnaire, security session or any other requirement your organization might have.

Data Security

Monto solely uses top-tier technology and providers for data processing, such as Amazon Web Services, Microsoft Azure and MongoDB. The financial data Monto processes is encrypted in rest and in transit, no matter which Monto product you use (Monto ERP Plug-In, Monto Dashboard, Monto API).

Data Privacy

Monto doesn’t collect any Personal Identifiable Information. However, Monto does comply with data privacy standards, just to be on the safe side, as well as to be ready for new products and features that may require that.

Data Resilience

As a critical solution to your payments and financial operations, Monto’s tech infrastructure was built with resilience in mind, including backups, recovery drills, redundancy and more. Your data will always be available for you.