MEM Connector logo

MEM Connector

by Mekorma · Since 1990
No reviews yet
Active1+ countriesCloud
Quick facts
VendorMekorma
Year launched1990
StatusActive
Location4845 Pearl East Cir Ste 118 PMB 60281 Boulder, CO 80301-6112
Countries served1+
Languages1
IntegrationsN/A
Free tierNO
Free trialNO
Contact salesYES

About MEM Connector

MEM Connector is the "holy grail" for controllers managing complex, multi-company structures. It effectively turns a fragmented accounting system into a high-speed, centralized payment engine.

MEM Connector is the "holy grail" for controllers managing complex, multi-company structures. It effectively turns a fragmented accounting system into a high-speed, centralized payment engine. While it is a niche tool—requiring a specific software stack (Dynamics GP + Binary Stream)—for those who have that stack, it is indispensable. It transforms a painful, day-long payment process into a 15-minute task, ensuring that every subsidiary stays balanced and every auditor stays happy.

Pros & Cons

Pros
  • Allows a small finance team to manage hundreds of entities without adding headcount.
  • Saves hundreds of hours for finance teams by eliminating the need to log in and out of different company databases.
  • Ensures that checks are legally compliant by printing the correct entity address and ID every time.
Cons
  • Requires high-tier licenses for both Mekorma and Binary Stream.
  • Initial setup requires precise mapping of GL accounts and entity dimensions.

Features

Key features

Automated Intercompany Balancing

Works with MEM to ensure that when a central office pays a bill for a subsidiary, the due-to/due-from entries are balanced instantly.

Sub-totaled Remittances

Automatically groups and sub-totals payment information by Entity Name/ID on a single remittance advice.

Action Board Automation

Enables one-click processing for massive payment batches spanning multiple companies.

Entity ID Mapping

Automatically pulls the specific Entity ID from Binary Stream and prints it onto check stubs and remittances for audit clarity.

Centralized/Decentralized Printing

Allows a single user to print checks for hundreds of different entities from one screen without switching databases.

Additional features

Audit Trail

Maintains a detailed log of which entity paid which vendor, even in a centralized "shared services" model.

Security Layer

Restricts users from printing checks for entities they do not have specific MEM permission to access.

Enhanced Sorting

Sorts massive payment runs by Entity Name or ID to keep physical check stacks organized.

Electronic Signatures

Automatically applies the correct digital signature based on the entity or the check amount.

Payroll Integration

Supports decentralized payroll check printing with MEM entity data.

Multiple Checkbook Support

Dynamically selects the correct bank account based on the Entity associated with the invoice.

Pricing

Free trial
Free version
Request a quote
Promo Offer

Countries & Languages

1
Countries served
1
Interface languages
3
Billing currencies

Available in

All Countries.

Interface languages

English

Billing currencies

🇺🇸USD🇪🇺EUR🇬🇧GBP

No reviews yet

Be the first to drop a review

Alternatives to MEM Connector

Zofi Cash logo

Zofi Cash

Zofi Cash is a financial management software from Zofi Cash that provides tools for personal…

MTN Homeland logo

MTN Homeland

MTN Homeland is a digital remittance and airtime transfer platform developed by MTN MoMo to…

Sigma AI logo

Sigma AI

Sigma AI is a fraud detection software from Pastel that solves financial challenges in Africa…

Reeple logo

Reeple

Reeple is a technology infrastructure platform from Reeple Technologies designed to help African immigrants in…

qlipay logo

qlipay

Qlipay is a platform from Maviance that provides comprehensive information about the company and its…

Qena Digital Lending Platform logo

Qena Digital Lending Platform

Qena Digital Lending Platform is a digital lending software from Kifiya Financial Technology that supports…

Spot something wrong or outdated?

Suggest a correction — a reviewer verifies every change.

Often compared with MEM Connector

Compare any two tools →
Zofi Cash logo
Zofi Cash
Payroll
0.0
MTN Homeland logo
MTN Homeland
Financial Services
0.0
Sigma AI logo
Sigma AI
Financial Services
0.0
Reeple logo
Reeple
Financial Services
0.0