At this year’s Ekonomi & Företag Expo, we introduced a new way of thinking about B2B payment flows. In the presentation"Real-time data and embedded payments" our colleagues Rasmus Brenter, CPO, and Bastiaan Weide, Growth & Partnership, shared insights and practical solutions for simplifying everyday financial processes for businesses.

What does embedded payments mean for businesses?

For companies managing large volumes of payments and transactions, switching between systems, logging into online banking, and manually handling files can be a time-consuming nightmare. With embedded payments, all of this can now be managed directly from your ERP system, in realtime, without the need for extra platforms or manual work.

Here’s how it helps:

Real-time transaction data
Get instant access to your bank account’s transaction history and balances embedded into your ERP. This provides full visibility of your cash flow and lets you make faster, more informed decisions.

Automated payments and reconciliations
Say goodbye to manual file handling and separate bank logins. Everything from supplier invoices and payroll to international transactions can be processed and reconciled directly in your ERP. 

Fast, simple onboarding
Connecting a new bank account or onboarding a new customer takes just a minute. Our API brings together the technologies needed to give your business real-time data and embedded payments without delays – all in your existing ERP. 

Live FX rates for international payments
Pay international suppliers with the same ease as local ones, and know exactly what you’re paying with live FX rates shown at the time of transaction – even if the transaction is scheduled for a future date. No surprises, no waiting for currency adjustments. Just straightforward, accurate payments every time.

A practical example

Let’s say you run an accounting firm and manage payments for multiple clients. With embedded payments, you can access your clients’ transaction data automatically and process payments straight from your ERP. No more jumping between different systems or dealing with file uploads. Everything happens in one flow, fast, secure, and fully automated. Plus, you’ll get real-time payment status updates as you go.

Why is this the future standard?

It’s not just about making payments easier, it’s about future-proofing your business. Real-time data and automated flows provide better cash flow management, increased security, and less manual work. Plus, the solution is built to grow with your business, whether that means handling more transactions or expanding internationally.

How does Open Payments fit into all of this?

At Open Payments, we see ourselves as the enabler of this shift towards embedded payments. By harmonizing multiple financial technologies, whether it’s PSD2, Open Banking, or ISO standards, into one smart API, we create a streamlined experience for businesses.

Our role is to make it easy for businesses to access real-time financial data and automate their payment flows, by embedding everything directly into their existing ERP systems. The goal is simple: to reduce manual work and ensure a smoother, more efficient way for businesses to handle both domestic and international payments.