Digital Wallet
Purchasing and Reimbursements Made Simple
What is a Digital Wallet?
A digital wallet is a tool that educational institutions and agencies can give to a distributed network of individuals or organizations to make "rule-based" purchases.
Digital wallets allow users to purchase in a flexible but controlled manner, and allow administrators to maintain compliance and oversight in order to manage budget fidelity and program rules.
Learn more about Digital Wallets
Digital Wallet User Features
A digital wallet enables users to purchase goods and services with vendors and service providers that are approved by the funding agency.
For Administrators:
Digital wallets enable you to appropriate funding to multiple users and establish distinct rules and restrictions on how those funds can be used.
For Users:
A digital wallet enables users to purchase goods and services with pre-approved vendors and service providers.
Process Automation, Reconciliation, and Reporting
Digital wallets streamline and automate processes that are traditionally manual and burdensome.
Create User Spending Rules
Set spending limits & expiration dates.
Establish controls.
Attach spending rules to specific types of purchases.
Digitize & Store Invoices and Statements
Digital capture of invoices, receipts and statements via phone or web.
Map Invoices to Outstanding Payables
Automate reconciliation of transactions to accounting codes with receipt images.
Automatically or Manually Approve Orders
Efficient, automated, single screen approvals for administrators.
Pre-approval workflow allows all transactions (with exception of linked debit cards) to be reviewed and authorized before settlement through the platform.
Automate Payment to Vendors
Automated payment settlements with the click of a button regardless of payment type.
Export Real-Time Auditable Reports
Real-time reports available to administrators and users.
Export CSV files to import into ERP systems.
Live supporting data and documenatation for all transactions.