Payments Technology Leader Orum Launches ‘Monitor’ – The First-Ever Payments Portal Purpose Built To Optimize & Orchestrate Payment Operations For Enterprise Businesses

Orum, the innovative fintech that transforms payment technology for businesses by revolutionizing payment speed, certainty, and orchestration, today announced the launch of Monitor, the first payments portal purpose-built to optimize and orchestrate payment operations for enterprise businesses. Orum’s transformative solution – a web-based platform built expressly for B2B payments teams – removes the considerable complexity typically associated with payment operations. With Orum’s Monitor, payment operation teams are able to leverage Orum’s money movement solution, Deliver, and bank account verification solution, Verify. Thanks to Monitor, the pay ops teams no longer require extensive technical training to manage transfers and bank account validation or additional support from business analysts to gain actionable data insights. With Orum’s Monitor payments portal, businesses will be able to:

• Optimize and orchestrate money movement: Smart routing makes it easy for payment operations teams to transfer money at their preferred speed and cost, instead of being forced to select specific rails (i.e. RTP, FedNow, Same Day ACH, ACH, wire, etc.)
• Track transfers and verifications in real-time: The custom-built ledger displays live data on money movement and bank account validations, including interactive charts, and data drill-downs.
• Unlock no-code solutions: The portal features no-code versions of Orum’s money movement and bank account validation APIs – allowing companies without immediate engineering resources to take advantage of Orum’s money transfer and bank verification offerings before writing a single line of code.
• Leverage one-click automation: Schedule, send, and cancel payments; view payment statuses; reconcile balances; set team permissions; customize reports; export data, and track trends, all via a single click.
• Transform customer solutions: Troubleshoot user issues and utilize advanced search and filtering to find unique transactions, people, businesses, and accounts.
• Customize features and permissions: Create personalized alerts triggered by custom parameters (e.g. FBO balance limits, monthly transfers by speed, failed transfers with specific reason codes, etc..) and set user permissions to manage and review actions by individuals and teams.

“We all remember how hard it was – just a few years ago – to ship packages online. Awful tools, competing shipping companies, all with confusing or excessive costs. Sending money in the U.S. is much worse - especially for businesses who have been forced to use 50-year-old technology, rely on paper checks, and build PayOps teams with dozens, if not hundreds of employees. We no longer live in that world,” said Stephany Kirkpatrick, Founder and CEO, Orum. “Now with Orum’s Monitor payments portal, businesses can easily transform their payment operations and revolutionize their payment for speed, certainty, and orchestration.” Kirkpatrick noted that Orum’s Monitor payments portal has been piloted by payments teams at all of Orum’s customers – including Grid, Flexent, Credit Genie, Zum Rails, RepRally, and Chesapeake Bank, among many others – leading up to today’s official public launch. “Orum’s Monitor streamlined our payment operations,” said DJ Seeterlin, President, Chesapeake Payment Systems, at Chesapeake Bank. “We track and reconcile all our transfers through the intuitive portal – and we were also able to launch instant payments without any engineering lift using Monitor’s no-code option.”