paymentworks

paymentworks.com · Boston, United States of America

PaymentWorks provides a cloud-based vendor management and onboarding platform that helps large organizations verify, onboard, and maintain suppliers while reducing fraud and ensuring compliance. The platform integrates with ERP and AP systems to automate collection and validation of vendor information, tax details, and banking data. It primarily serves enterprises, higher education, healthcare, and public sector organizations on a subscription and transaction-fee basis.

  • Payment Processing
  • Fraud Detection & Prevention
  • Accounts Payable Automation
Revenue
$15.0M
Employees
85
Founded
2014
Headquarters
Boston, United States of America

What 5 Arbolus experts think of paymentworks

NPS scores are generally high, with all measured NPS scores between 7 and 10, indicating overall strong endorsement. Renewal intent is positive among those responding, with all providing a definitive 'yes.' Most customers have been live for more than one year, with satisfaction rooted in automation gains, fraud risk reduction, and ease of onboarding. Key feedback themes include requests for richer AI-driven features and improved customer support responsiveness. The sentiment is positive overall, especially among high spenders and long-tenured clients.Overall Customer Sentiment: Positive

Who reviewed paymentworks

Total customers 5 4 current · 1 former
Reviews growth +5 in six months
Seniority of respondents
  • C-Suite 60% (3)
  • Director 40% (2)
Not specified C-Suite NPS 7
Operations Leader Director NPS 10 Will renew
Strategy Executive C-Suite NPS 8

Employer names and spend open in the full report, along with the other 2 customers.

Everything 5 customers told us about paymentworks.

Employer names, spend, renewal intent and every written answer behind the numbers on this page.

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Sentiment

40 Net Promoter Score, from 5 scored reviews
  • Promoters 2
  • Passives 3
  • Detractors 0

Cumulative NPS by month

-2 over 4 months
  • Dec 10
  • Jan 9
  • Feb 8
  • Apr 8

Net Promoter Score across 1 reviews, accumulated up to each month. Category median 40 across 1 companies.

Praised

  • Risk Shift and Fraud Mitigation
  • Comprehensive Compliance Capabilities
  • Ease of Integration and Use
  • AI-driven Automation

Criticised

  • Security Vulnerabilities
  • AI Competition and Vendor Substitution
  • Pricing Pressure and Cost Increases
  • Standardization Limits Customization

What customers say

Risk Shift and Fraud Mitigation
“The risk transfer—moving liability for bank verification from us to PaymentWorks—was massive, which gave my team confidence and made the value very clear.”
Comprehensive Compliance Capabilities
“With complex vendor ecosystems, we rely on PaymentWorks to validate sanction risks and manage compliance, which removes a huge burden from our internal teams.”
Ease of Integration and Use
“The integration was easy and the user interface made onboarding seamless—reducing both manual effort and administrative burden significantly.”

Renewal intent

Plan to renew 100%
  • Will renew 3
  • Undecided 0
  • Not renewing 0

Plan to renew, by seniority

  • C-Suite 100% 1 answer
  • Director 100% 2 answers
  • 9/10 Average score from customers who will renew

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