About Modulr
A payments automation platform that enables businesses to automate payroll, accounts payable, and spend management. It provides API-driven payment processing, virtual accounts, and automated reconciliation to streamline financial operations.
Modulr is a comprehensive payments automation platform designed to help businesses and accounting practices scale their financial operations. By replacing manual, spreadsheet-heavy processes with an API-first infrastructure, Modulr enables organizations to automate payroll, supplier payments, and corporate spend management. The platform is particularly strong in its ability to integrate directly with accounting and payroll software, allowing for automated reconciliation and real-time transaction monitoring. With a cloud-first architecture and direct participation in major payment networks like Faster Payments and Bacs, Modulr offers the reliability required for mission-critical finance operations. While the platform is highly capable for mid-market and enterprise users, its modular design also allows smaller businesses to benefit from automated workflows. Pricing is transparently published for business bundles, though enterprise-level requirements often necessitate a custom sales engagement. Support is robust, featuring a dedicated developer center, sandbox access, and responsive customer service teams.
Pros & Cons
- +Automates complex payment workflows to significantly reduce manual administrative tasks.
- +Provides direct access to major payment networks for faster and more reliable settlement.
- +Offers deep integration with popular accounting and payroll software like Xero and Sage.
- +Includes advanced AI-driven features for invoice extraction and purchase order matching.
- +Scalable infrastructure supports high-volume enterprise payment requirements.
- −Advanced features like API access and 2-way matching are restricted to higher-tier plans.
- −International payment services are provided via third-party partners, which may introduce additional complexity.
- −Some specialized integrations are listed as 'coming soon' rather than immediately available.
Features
Key features
- Accounts Payable Automation
- Automates the procure-to-pay process with invoice extraction and approval workflows.
- Payroll Payments
- Enables secure, automated payroll disbursements to ensure staff are paid accurately and on time.
- Spend Management
- Provides company cards and automated receipt capture for real-time control over business spending.
- Virtual Accounts
- Allows businesses to open accounts in multiple currencies for efficient fund management.
- API Integration
- Offers programmatic access to payment infrastructure for seamless connectivity with existing software.
Additional features
- Real-time Payouts
- Supports instant, scheduled, and recurring payment initiation.
- Invoice Line-Item Extraction
- Uses AI to automatically extract detailed line-item data from invoices.
- Purchase Order Matching
- Supports 2-way matching of purchase orders to invoices for financial control.
- Virtual Card Issuance
- Enables the creation of virtual and physical company cards for employee spending.
- Multi-Currency Support
- Facilitates payments and collections across a range of global currencies.
- Automated Reconciliation
- Matches transactions with invoices and receipts to reduce manual accounting work.
- Fraud Prevention
- Includes built-in anti-fraud measures and regulatory compliance guardrails.
- Payment Clearing
- Provides direct access to major payment networks including Faster Payments and Bacs.
Pricing
Monthly plans
Bronze
flatGBP 30
- 80 payments included
- Accounts Payable Automation
- Spend Management
- Payroll Payments
Silver
flatGBP 110
- 500 payments included
- Line-Item Invoice Extraction with AI
- Unlimited Invoices Processed
Platinum
flatGBP 500
- 3,000 payments included
- Purchase order creation and 2-way matching
- API access
Countries & Languages
Interface languages
Billing currencies
No reviews yet
Be the first to drop a review
Alternatives to Modulr
.png){kind=small}
WebPay
WebPay is a payment gateway software from WebPay that provides a full-featured solution for processing…
Verifi Global Payment Gateway
Verifi Global Payment Gateway is a payment processing platform from Visa that provides secure transaction…
Moniepoint
Moniepoint is a financial management software from Moniepoint Microfinance Bank that supports small business transactions.…
Chargeback
Chargeback is an automated chargeback prevention service that alerts merchants to incoming disputes, allowing for…
About Modulr
A payments automation platform that enables businesses to automate payroll, accounts payable, and spend management. It provides API-driven payment processing, virtual accounts, and automated reconciliation to streamline financial operations.
Modulr Details
Modulr's In-App Market Place
Does Modulr have an in-app market place?
Yes
How many Mini-Apps in the marketplace?
6
Mini Apps
1. Paylink by Modulr - Allows users to create and send payment links to customers for easy and secure online payments.
2. Batch Payments by Modulr - Enables users to process multiple payments in bulk
saving time and increasing efficiency.
3. Payment Tracking by Modulr - Provides real-time tracking and reporting capabilities for better visibility and control over payment transactions.
4. Fraud Detection by Modulr - Helps users identify and prevent fraudulent payment activity through advanced fraud detection algorithms.
5. Payment Reconciliation by Modulr - Streamlines the process of reconciling payments by automatically matching transactions with invoices and receipts.
Pricing Options
Plans
Monthly plans
Bronze
flatGBP 30
- 80 payments included
- Accounts Payable Automation
- Spend Management
- Payroll Payments
Silver
flatGBP 110
- 500 payments included
- Line-Item Invoice Extraction with AI
- Unlimited Invoices Processed
Platinum
flatGBP 500
- 3,000 payments included
- Purchase order creation and 2-way matching
- API access
Accepted Payment Currencies
Usd ($), Eur (€), Gbp (£), Aud (A$), Cad (C$), Jpy (¥), Chf (CHF), Sek (kr), Nok (kr), Dkk (kr), Pln (zł), Czk (Kč), Huf (Ft), Ils (₪), Rub (₽), Try (₺), Mxn (MXN), Zar (R), Sgd (S$), Hkd (HK$), Twd (NT$), Thb (฿), Ils (₪), Inr (₹), Brl (r$), Ils (₪).
Pros & Cons
- Automates complex payment workflows to significantly reduce manual administrative tasks.
- Provides direct access to major payment networks for faster and more reliable settlement.
- Offers deep integration with popular accounting and payroll software like Xero and Sage.
- Includes advanced AI-driven features for invoice extraction and purchase order matching.
- Scalable infrastructure supports high-volume enterprise payment requirements.
- Advanced features like API access and 2-way matching are restricted to higher-tier plans.
- International payment services are provided via third-party partners, which may introduce additional complexity.
- Some specialized integrations are listed as 'coming soon' rather than immediately available.
Modulr's Support Options
Email Address
support@modulrfinance.comDocumentation
https://developer.modulrfinance.com/docsCommunity Forums
https://community.modulrfinance.com/Modulr's Alternatives
WebPay
WebPay is a payment gateway software from WebPay that provides a full-featured solution for processing…
Verifi Global Payment Gateway
Verifi Global Payment Gateway is a payment processing platform from Visa that provides secure transaction…
Moniepoint
Moniepoint is a financial management software from Moniepoint Microfinance Bank that supports small business transactions.…
Chargeback
Chargeback is an automated chargeback prevention service that alerts merchants to incoming disputes, allowing for…
.png&w=96&q=75){kind=small}
