Reduce the time, effort, and cost of settlements.

Outsource settlement processing to reduce hands-on control of contractor deductions, save administrative time, lower misclassification risk, and improve efficiency.

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Contractor settlement payments

Easily complete settlement cycles and give contractors the choice of receiving their settlement payments by check, ACH, or debit card, however they prefer. Our system calculates the net settlement to disburse to contractors and the deduction and reserve amounts to remit to vendors.

Cloud-based software

With SettleUP, there is no costly accounting system or software to purchase and install. Our SaaS application allows for payment and deduction files to be uploaded and recurring items to be scheduled for each period. Local managers can upload payment and deduction information anywhere, anytime.

Real-time view of settlements

Pending payments and deductions are displayed online in real time for greater transparency and so that accounting personnel, local managers, contractors and vendors can resolve any issues before settlements are finalized. Reduce your accounting team's workload with our comprehensive reports that show all settlement activity.

Third-party processing

We enter into agreement with both parties to show how contractors authorize their vendor payments and that the onus for processing deductions is not with your company alone.

1. Payments

We upload your payment file or schedule recurring payments for each settlement cycle.

2. Deductions

Vendors invoice contractors and submit their deduction files through SettleUP.

3. Processing

Payments and deductions are displayed online with projected net settlement amounts.

4. Settlements

Settlement payments are disbursed to contractors and deduction amounts to vendors.

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Make it easy for your company.

With SettleUP, we help your team process driver payments and deductions efficiently, without all the headaches. Payment terms between your company and contractors can also be documented to demonstrate a vendor-to-vendor arrangement. Below are the key benefits of SettleUP.

Outsourced settlement processing
Third-party deduction processing to reduce risk
Online access to information anytime, anywhere
Reserve and escrow account management
1099 administrative services

Show how contractors control expenses.

With SettleUP, contractors can approve or rescind approval of vendors to show that the deduction process is not involuntary and that they control profit and loss potential, not your company. They also have online access to the information they need, whenever they need it.

Settlement funds available by check, ACH, or debit card
Statements available online, by email, or by mail
Online access to settlement and reserve account history
Revenue and expense reports to support tax filing
Access to vendor services, including fuel cards

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