The Payments Glossary | Vendor‑Payables Automation | Finix

Vendor‑Payables Automation

A subset of embedded payout capabilities that allows merchants or platforms to automatically trigger payouts to vendors, suppliers, or service providers when specific payment triggers or milestones are met (e.g., once a sale settles, once a milestone invoice is approved). This automation streamlines manual payout workflows, enhances vendor satisfaction, and ensures accurate reconciliation between receivables and payables.