exactuals payment hub
Registration, security, and updates of sensitive payment data are handled entirely by Exactuals. This data is encrypted and stored in servers that are not accessible from the internet. PaymentHub manages many forms of complex payments (residuals, royalties, marketplaces, etc. 100% of banking functions are served by Exactuals. The instantly available information helps customer service inquiries to be resolved on the first call. Exactuals automates the calculation process of complex payments with its proprietary rules engine. Centralized Identity ManagementOne payee profile for an entire industry (secure account registration). With Exactuals, one change in one secure location is all it takes to update your data for the industry. Exactuals automates the calculation process of complex payments with its proprietary rules engine. Aggregated PaymentsPayers often select to issue payments on a regular interval such as monthly or weekly. While the IRS requires payers to send a paper tax document to each payee each year, online access to a centralized tax data eliminates the need to resend the docs again and again due to lack of receipt, change of address, or change in management. The goal of the PaymentHub Payee Portal is to empower the payee to answer their own questions immediately, without involving the payer.
With Exactuals, one aggregate check can be issued and a wealth of data about each residual is made available online.
The result is a shared set of real-time data that helps to answer most questions before they are asked. Aggregated PaymentsPayers often select to issue payments on a regular interval such as monthly or weekly. Direct DepositDirect Deposit is faster and more secure than being paid by paper checks. Payees are in charge of their payment method, while Payers decide when payments are executed. Exactuals helps big companies pay thousands of non-employees through our flagship product, PaymentHub. While Exactuals offers both options, we strongly encourage all payees to choose the best option, and handle the on-boarding process entirely on behalf of the payers. PaymentHub provides unique portals for payers, payees, and delegates (managers and accountants). The servers are leveraged by Exactuals during payment execution, but are never exposed to the web. Real time payment informationPayee Portal allows payees real time access to a full history of their payment data, complete with payer statements, when issued. Real time payment informationPayee Portal allows payees real time access to a full history of their payment data, complete with payer statements, when issued. Aggregated PaymentsExactuals can aggregate payments for individual payees. While Exactuals offers both options, we strongly encourage all payees to choose the best option, and handle the on-boarding process entirely on behalf of the payers.
With PaymentHub, payees are granted access to a unique portal for controlling their payment profile and accessing their comprehensive payment history. Transparency is of the utmost importance when lowering the costs of payment processing. PaymentHub manages many forms of complex payments (residuals, royalties, marketplaces, etc. With PaymentHub, payees are granted access to a unique portal for controlling their payment profile and accessing their comprehensive payment history. Once a rule is registered with Exactuals, it can be applied easily in high volume use cases.
Exactuals helps big companies pay thousands of non-employees through our flagship product, PaymentHub. In industries such as the music space, one payee may be paid by a dozen or more companies. PaymentHub manages many forms of complex payments (residuals, royalties, marketplaces, etc.
Batches can be formatted and securely uploaded directly from Payer Portal to Exactuals for payment execution. With this payment rhythm in place, Exactuals can aggregate all of the payments for a given pay period. Our SaaS platform securely registers your payees’ sensitive data, calculates payments based on your rules, aggregates payment data, and distributes direct deposit or paper check payments through trusted industry bank, City National Bank. Secure Payee Registration means that all Personally Identifiable Information (PII) data is protected by Exactuals and never made available to your company, which alleviates compliance requirements on your business. Our SaaS platform securely registers your payees’ sensitive data, calculates payments based on your rules, aggregates payment data, and distributes direct deposit or paper check payments through trusted industry bank, City National Bank. No need for paper or manual processes.
Helping companies pay thousands of non-employees. PaymentHub provides unique portals for payers, payees, and delegates (managers and accountants). Rules registration is part of the on-boarding process. Document CenterAll tax docs in one location for a given industry. PaymentHub manages many forms of complex payments (residuals, royalties, marketplaces, etc. ), all of which have the same essential requirements for success: Security, Accuracy, Transparency, and Speed. Tax time is a nightmare for payees and payers alike in complex payment industries.
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