P2P Use Cases
B2B payments without execution gaps
Finifi runs B2B payments as a controlled workflow to execute payouts via bank file upload or direct bank integration, capture UTRs, and sync payment status to ERP automatically.
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Faster payment execution
Release vendor payments without manual tracking and back-and-forth.
UTR-based closure built in
Payment status updates automatically once UTRs are received.
ERP updated automatically
Payment status for every invoice syncs from Finifi to ERP.
Why B2B payments break at scale
In most enterprises, payments are executed outside the core workflow using bank portals and spreadsheets. UTR tracking happens manually, invoice-level payment status remains unclear, and ERP updates lag behind causing reconciliation issues, vendor follow-ups, and audit friction.
1. Bank file based payment execution
Finifi supports bank file workflow for controlled payment release.
- Download bank file for approved payment tickets
- Upload bank file into the bank portal to initiate payment process
- Bank generates UTR file after processing payments
- Upload UTR file into Finifi to update payment status automatically
2. Direct bank integration with real-time updates
Finifi enables instant payouts through bank API integrations.
- Once a payment ticket is approved, click Pay Now
- Trigger payouts for all invoices within the payment ticket
- UTRs get updated in real time via bank integration APIs
- Invoice-level payment status syncs automatically to ERP
B2B Payments Questions Answered
Finifi supports two options — bank file download/upload workflow, or direct bank integration with Pay Now and real-time UTR updates.
After payments are processed, the bank provides a UTR file which can be uploaded into Finifi to update invoice payment statuses automatically.
Once a payment ticket is approved, users can click Pay Now to trigger payouts, and UTRs are updated automatically via integration APIs.
Yes. Finifi updates payment status at the invoice level for every invoice included in the payment ticket.