A Complete, End-to-End B2B Payables Solution

Seamless Accounts Payable system that streamlines invoice processing, supplier onboarding, payments, and 1099 reporting—all in one platform.

Lucrotec's innovative payment solutions empowering businesses
Automated Invoice Processing
80% / 100%
Built-In Security & Compliance
Detailed Reporting & Tracking
On Track
On Track
Overdue

Elevate Your Payment Processes & Beyond.

At the core of our payment managed service is Lucrotec APeX, our purpose-built B2B payment operations platform. APeX integrates decades of expertise, advanced robotic process automation (RPA), and direct connections to payment supply chain partners—bringing together all payment types in a single, SaaS-based platform.

While Lucrotec is not a bank, it orchestrates the entire payment supply chain—leveraging banking relationships, technology, and automation to maximize efficiency, security, and financial impact.

Onboard and verify suppliers

Onboard and verify suppliers with built-in compliance and security measures.

Automate invoice processing

Automate invoice processing to eliminate manual data entry and approval delays.

Pay suppliers seamlessly

Pay suppliers seamlessly via ACH, check, wire, and card—domestic and international.

Ensure tax compliance

Ensure tax compliance with automated 1099 reporting and tracking.

Explore our Solutions

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Supplier Onboarding

Secure, Verified, & Compliant

  • Supplier Verification
  • KYS Compliance
  • Monitoring
  • Fraud Detection
  • Risk Detection
  • Onboarding Portal
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Invoice Automation

Digitize & Accelerate AP Workflows

  • Invoice Digitization (OCR & AI)
  • Invoice Review
  • Cost Allocation
  • Approvals
  • ERP Connectivity
  • Rules Engine
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Payment Automation

Smarter, More Efficient Payments

  • Payment via ACH/Wire/Check/Card
  • International FX Payments
  • Multiple Currencies
  • Automated Reconciliation
  • Rebates
  • Real-time Reporting
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1099 Reporting

Simplify Tax Compliance

  • Supplier Management
  • Automated Generation
  • 1099 MISC/INT/NEC Form Support
  • Review and Approval
  • Printing and Mailing
  • USPS Tracking

Award-Winning Growth & Innovation

Lucrotec is proud to be recognized for its consistent growth and commitment to excellence, earning a place on both the 2024 Deloitte Technology Fast 500™ and the 2024 Inc. 5000 list of the fastest-growing private companies in America.

These achievements reflect our dedication to precision, reliability, and efficiency in B2B accounts payable automation. We are grateful to our clients, partners, and dedicated team for their trust and support in helping us reach these milestones.

Technology Fast 500 2024 North America | Deloitte
Inc 5000 Company Recognition

Case Study: Smarter Supplier Onboarding & Payment Digitization for a Leading Construction Enterprise

By digitizing supplier payments and automating onboarding, the company streamlined operations, reduced costs, and enhanced financial control—turning AP into a more strategic, scalable, and cost-effective function.

  • Increased supplier card acceptance from 29 suppliers to over 8,700.
  • 85% payment digitization significantly reducing check reliance.
  • Real-time AP visibility via 24/7/365 dashboards tracking supplier payments.
  • Scalable onboarding process for ongoing acquisitions, ensuring supplier continuity.
  • Lower processing costs through digital payment adoption and optimized check-writing services.

Case Study: Streamlining 1099 Reporting & Payment Automation for a Leading Managed Care Organization

By digitizing supplier payments and automating 1099 reporting, the organization streamlined compliance, enhanced accuracy, and significantly reduced administrative burden—allowing the finance team to focus on higher-value financial operations.

  • Seamless 1099 tracking & reportingeliminating manual errors and delays.
  • Automated payment reconciliation ensuring accurate supplier tax documentation.
  • Improved compliance with real-time adjustments, reissuance, and secure IRS submissions.
  • Enhanced financial efficiency reducing time spent on manual tax reporting and corrections.

Case Study: Fortune 500 High-Tech Company Transforms Utility Payments with Digital Automation

By transitioning from its legacy payments provider to Lucrotec APeX, the company eliminated inefficiencies, improved vendor participation in digital payments, and gained full control over its payment operations—delivering cost savings, security, and scalability.

  • 10x increase in digital payments transitioning from heavy check usage to over 95% electronic payments.
  • Lower processing costs as check payments were reduced from a significant portion of transactions to less than 5% of total payments.
  • Elimination of late payments ensuring continuous service and vendor satisfaction.
  • Streamlined AP workload reducing manual interventions and reconciliation time.
  • Scalable payment operations handling over 115,000 transactions per month without additional manual workload.

Payment Networks We Solution With

Access to a wide range of payment networks—VISA, Mastercard, Discover, ACH, SEPA, BACS, Apple pay, Google Pay, PayPal, Zelle, Venmo, Alipay, Giropay and more—ensures that enterprises can meet suppliers where they are. This flexibility maximizes digital payment adoption and enables the use of the most secure and cost-effective channels for each transaction. By connecting to global and regional networks across card, bank, and real-time rails, Lucrotec gives clients the power to reduce friction, eliminate check dependency, and optimize every supplier relationship—domestically and internationally.

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ERP System Friendly

Lucrotec APeX is designed to work seamlessly with the world's most widely used ERP systems—including SAP, Oracle, Workday, Infor, Microsoft Dynamics, NetSuite, and more. Our flexible architecture supports flat file uploads, API connectivity, and batch automation, allowing clients to get started quickly—without deep IT investment or custom integration work.

Whether your AP team relies on a global SAP instance or a regional Workday deployment, Lucrotec plugs into your current environment with minimal disruption. Payment files, invoice data, supplier records, and 1099 outputs can be exchanged securely, supporting compliance and real-time reconciliation.

With Lucrotec, clients can achieve full AP automation without waiting for major ERP transformation projects—making smarter accounts payable a reality

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