How Cleo Works
From fast onboarding to secure ACH transfers and automated record-keeping, Cleo handles it all
Setup takes less than 10 minutes for most businesses, with no complicated paperwork or long implementation cycles.
• Email Invitations: Invite vendors and contractors with a single click
• 90-Second Vendor Sign-Up: Vendors complete a simple, guided onboarding process
• Tax Information Collection: Vendors securely provide their Tax ID (SSN or EIN) and mailing address
• Bank Account Verification: Vendors connect their bank accounts to receive direct payments
• Automated W-9 Creation: The system generates and stores compliant W-9 forms
Vendors appreciate the simple process and secure handling of their sensitive information, improving your business relationships.
• Invoice Submission: Vendors submit invoices that become payment requests in your dashboard
• One-Click Approval: Review and approve payment requests with a single click
• Secure ACH Transfers: Cleo processes the transaction, transferring funds directly from your account to the vendor's verified bank
• Payment Confirmation: Both you and your vendor receive notifications when payments are processed
• Complete Transaction Records: Every payment is documented for easy bookkeeping and reporting
• Automatic 1099 Tracking: The system flags payments to contractors for year-end tax filing
Payments typically process within 2-3 business days, with complete transparency throughout the process.
The Cleo Difference
For Business Owners and Managers:
• Time Savings: Eliminate hours spent writing checks and processing paperwork
• Financial Control: Maintain oversight while delegating payment tasks
• Vendor Satisfaction: Provide consistent, timely payments to maintain strong relationships
• Tax Compliance: Automatically track contractor payments for 1099 reporting
• Audit Readiness: Maintain complete payment records with proper documentation
The Cleo Difference
For Accounting Teams:
• Streamlined Reconciliation: Match transactions with accounting records easily
• Organized Documentation: Keep all payment records in one searchable location
• Tax Preparation: Generate 1099 forms with a few clicks at year-end
• Cash Flow Management: Schedule payments to align with your cash position
• Multi-Location Oversight: Manage payments across all business locations
The Cleo Difference
For Vendors and Contractors:
• Faster Payments: Receive funds directly to their bank account
• Payment Visibility: Track payment status through their vendor portal
• Simplified Communication: Submit invoices and questions through one platform
• Secure Information: Trust that their banking and tax information is protected
• Professional Experience: Enjoy a streamlined process that respects their time
