What makes this difficult
The process breaks at the handoffs.
The tools are rarely the only problem. The harder part is keeping the right details, decisions and owners together as work moves from one step to the next.
Scattered bank files across currencies
EUR contractors need SEPA XML, GBP contractors need FASTER, and USD contractors need ACH. Preparing each format manually slows down every pay cycle.
Issue 1 of 3
No single view of global contractor spend
Contractor data lives in spreadsheets, email threads, and separate bank portals. Month-end means stitching it all together.
Issue 2 of 3
Compliance gaps across jurisdictions
Different countries, different tax documents, different banking requirements. Missing one means delays or regulatory risk.
Issue 3 of 3
A clearer workflow
Make the next action obvious.
A controlled workflow gives every stage an owner, a complete record and a visible outcome.
- 1
Auto-grouped pay runs by currency
NectorPay groups approved invoices by currency and generates the correct bank file format automatically, including SEPA XML, FASTER, or ACH.
- 2
One dashboard for global contractor spend
See every contractor, every invoice, every payment status in one place. Filter by country, currency, or payment cycle.
- 3
Built-in compliance and document collection
Collect tax forms, banking details, and compliance documents during onboarding. Everything is validated before the first invoice.
What supports the work
Useful capabilities, in context.
Multi-currency support
EUR, GBP, USD, and more, each with the correct bank file format.
Bank-ready file exports
SEPA XML, FASTER, and ACH files generated and validated automatically.
Audit trail
Every approval, edit, and export is timestamped and traceable.
Compliance-first onboarding
Tax forms and banking details collected and validated upfront.
Before and after
What changes in practice.
Before
Manually sort invoices by currency, format bank files in Excel
After
One click to group by currency and generate validated bank files
Before
Scattered across spreadsheets, email, and bank portals
After
Single dashboard with filters by country, currency, and status
Before
Chase contractors for missing tax docs after the fact
After
Required documents collected and validated during onboarding
Before
Reconstruct history from chat logs and spreadsheets
After
Complete audit trail for every decision, exportable anytime
See it with your process
Turn the guide into a practical walkthrough.
We will map the workflow to your contractors, approval steps, currencies and bank handoff.
Book a walkthrough