Accounts Payable
The Smart Way to Manage Business Expenses
Save time with automated expenses. No more lost receipts, no more manual data entry.
HASSLE-FREE PAYMENTS
Unlock efficiency and accuracy with MARLO's accounts payable
Designed specifically for the maritime industry, MARLO simplifies payment processes, enhances vendor relationships, and provides
real-time financial insights.
Simplified payment processes
Multi-currency support enables seamless international transactions.
Strengthen vendor relationships
Comprehensive reporting allow for easy tracking and auditing, ensuring accountability.
SIMPLIFIED PROCESSES
Unlock real-time information at your fingertips
Gain immediate visibility into crucial accounts payable metrics such as AP aging and payments in transit. Make informed decisions faster and streamline your financial operations.
Advanced bill tracking
Monitor payments in transit to ensure timely completion and accurate financial reporting.
Real-time AP aging analysis
Receive real-time alerts and promptly identify and manage overdue payments.
MARITIME SPECIFIC
Accounts payables tailored for maritime
Easily manage your bills and accelerate payments to vendors with our streamlined payables monitoring, ensuring timely vendor settlements.
Elevate vendor responsibility
Stay on top of your outstanding bills to enable timely follow-ups with vendors, enhancing their accountability.
Accelerate vendor payments, reduce hassles
Benefit from fast payments, coupled with streamlined workflows that cut down administrative overhead.
Streamlined financial management
With a focused approach on tracking unpaid bills, you can better manage your financial resources, making it easier to plan and execute business strategies.
Pay overseas bills without breaking the bank
Forget traditional money transfers. Handle one-off invoices, recurring payments, and mass payouts in over 140 countries using the mid-market exchange rate.
WHY MARLO?
Revolutionize your financial transactions with MARLO
Navigating the financial complexities of the maritime industry can be a daunting task. With fluctuating currencies, international regulations, and a myriad of vendors, keeping track of accounts payable can become a logistical nightmare. That's where MARLO comes in:
Multi-currency support
MARLO offers robust multi-currency support, allowing you to effortlessly manage transactions in different currencies, all from a single dashboard.
Real-time reporting
Get real-time reporting features, giving you instant insights into your financial status. Make informed decisions quickly, and stay ahead of your competition.
Automated workflows
MARLO's automated workflows eliminate the need for manual data entry, reducing errors and freeing up your team to focus on strategic tasks.
Maritime specific
MARLO is built with the maritime industry in mind, offering features and customizations that cater specifically to your unique needs.
Pay vendors internationally and save money
Unlike banks and some other services we use the mid-market exchange rate. That means transparent fees – and plenty of savings for our customers.
Send the bill
Open foreign currency accounts in EUR, GBP, SGD, and USD online to trade globally without the hassle of red tape.
Multi-currency, seamless accounting—all in one financial solution for your maritime business
MARLO offers a one-stop financial harbor for maritime businesses. Our multi-currency accounts simplify global dealings, and our accounting modules keep your books in order. Navigate maritime finance smoothly.
Streamline your maritime finances
Elevate your maritime business with Marlo's comprehensive suite of financial tools. Gain real-time insights into voyage P&L, manage contract cash flows, automate invoicing, and track your vessels—all in one platform.
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Frequently Asked Questions
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What is accounts payable?
Accounts payable helps you manage and track all your outstanding payments to suppliers, vendors, and other third parties.
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How to pay a bill in MARLO?
Ensure your Airwallex account is activated and the required bank details of your preferred vendor are added.
Navigate to the list of Bills in the Payables tab.
Hover over a bill with "Logged" status to find the "PAY" option.
Click "Pay," review the payment details, and proceed.
The bill status will automatically change to "Paid" once the payment is dispatched.
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How do I mark a bill as paid?
Record the payment for any bill by clicking on the bill details within the Bills section of the Payables tab or in the bills tab in contracts.
In the Bill details screen, click on "Mark as Paid."
In the Bill payments screen, select the payment type from the dropdown.
Choose the payment date.
Enter the transaction reference.
After you record the Payment, Bill status will be changed from Logged to Paid.
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How to map bank transactions to a bill ?
In the Accounting Module, find all bank transactions processed through Airwallex or your own integrated accounting software.
Click on a transaction to map it to an Invoice (Deposit) or a Bill (Withdrawal).
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Is my data secure?
Yes, all data in the Accounts Payable module is encrypted and stored securely.