Payhawk

Software that automates the supplier-invoice side of the ledger: capture of incoming supplier invoices, auto-coding to nominal and VAT, approval workflow, and payment posting. Distinct from expense management, which handles employee-initiated spend.

Software and platforms that deliver financial services - banking, payments, lending, insurance, wealth - through technology rather than branch-based incumbents. In Ireland, fintech firms are regulated by the Central Bank of Ireland.

EU regulatory framework that lets authorised third parties access bank account data (AIS) and initiate payments (PIS) on the customer's behalf. The basis for live bank feeds and payment-initiation tools.

Article 17 of Commission Delegated Regulation (EU) 2018/389 (the PSD2 SCA RTS) exempts dedicated corporate payment processes from per-transaction Strong Customer Authentication, where the payer is a business and not a consumer.

Software that ingests a photographed, emailed or scanned receipt and uses optical character recognition to extract structured fields - supplier, date, net, VAT rate, VAT amount, currency - so the receipt can be posted to accounting software without manual keying.

Vendors.ie term for the integrated four-layer workflow that moves an Irish SME from a business spend transaction to a Revenue-compliant VAT reclaim line without manual data entry: card or bank feed, receipt capture, VAT extraction, and accounting integration.