PaymentWorks

Spec sheet

Purpose

PaymentWorks provides a vendor identity platform for onboarding and maintaining trusted vendor records in an organization’s ERP.Read 30 Sep 2026 · paymentworks.com

Compliance

PaymentWorks checks vendor tax identification numbers against IRS records, validates addresses against USPS, screens sanctions lists, and logs checks and updates for audit trails.Read 30 Sep 2026 · paymentworks.com

Support

The Help Center provides support guidance for creating tickets, tracking responses, and resolving issues with the PaymentWorks Support Team.Read 30 Sep 2026 · help.paymentworks.com

Headquarters

Waltham, Massachusetts, United StatesRead 28 Sep 2026 · paymentworks.com

Founded

2014Read 28 Sep 2026 · paymentworks.com

Company

PaymentWorks says CEO Thayer Stewart founded the company in 2014 with CTO Alan Greenblatt; its listed address is in Waltham, Massachusetts.Read 30 Sep 2026 · paymentworks.com

Bank verification

The platform authenticates vendor identity and bank account ownership at onboarding and re-authenticates when banking details change.Read 30 Sep 2026 · paymentworks.com

ERP integrations

PaymentWorks describes itself as ERP agnostic and names Banner, PeopleSoft, Munis, Workday, SAP, and Oracle as supported integration examples.Read 30 Sep 2026 · paymentworks.com

Fraud coverage

The company states that verified domestic ACH payments processed through the platform are covered by up to $2 million indemnification per fraud event, with optional supplemental coverage available up to $5 million total.Read 30 Sep 2026 · paymentworks.com

Integration methods

The developer portal describes UI uploads, scheduled SFTP transfers, and an API supporting batch transfers and per-record operations.Read 30 Sep 2026 · help.paymentworks.com

Onboarding

Guided onboarding creates a standardized Payee Profile and authenticates vendor identity before vendor data enters the ERP.Read 30 Sep 2026 · paymentworks.com

Payments

Vendors can select ACH, virtual card, or EarlyPay during registration, while customers retain their existing payment processing and rails.Read 30 Sep 2026 · paymentworks.com

Security certifications

PaymentWorks says it has SOC 1, SOC 2, and TX-RAMP certifications and is Nacha compliant, audited by The Clearing House.Read 30 Sep 2026 · paymentworks.com

Supported workflows

Documented data transfer workflows include registrations, supplier updates and uploads, invoice uploads, and payment instruction file uploads.Read 30 Sep 2026 · help.paymentworks.com

Target customers

The company identifies higher education, state and local government, healthcare, and enterprise organizations as intended customer groups.Read 30 Sep 2026 · paymentworks.com

Vendor pricing limit

Standard vendor registration is free, while optional EarlyPay fees use a sliding scale based on how quickly the vendor chooses to receive payment.Read 30 Sep 2026 · help.paymentworks.com

Plans and prices

Every PaymentWorks plan and price →

Where Specifiction places it

• Supplier Onboarding Software#10 of 387.7