Canopus EpaySuite Review - why 3.1 stars?

Canopus ePaySuite is a cloud-based accounting and business process automation solution designed for small and midsize banks and payments institutions. It helps automate as well as streamline operations of a payment service business. The solution provides multi-currency accounting, cheque management, workflow setup, payments reconciliation among other functionalities.

The core features include workflow management, payment processing and report and more. The workflow management feature lets the user manage accounting workflow functions including advice, postings, limit monitoring, and checks against the blacklists. The accounting engine is compliant with International Financial Reporting Standards (IFRS) and allows the users to perform online accounting in different currencies from the same system.

The payment processing functionalities let the user perform bank wires, internal payments, service payments, online purchases, and mobile & internet payments. The report generator feature allows the user to create customized reports that can be submitted to the local regulatory authorities for compliance application.

The rating of Canopus EpaySuite is 3.1 stars out of 5 and the total score is 91 out of 100. The ratings are based on our unbiased experts. Learn more in our rating methodology page

Customers of the software include business of all sizes from all over the world. It can be used in such major industries and domains as financial services, e-commerce, retail and wholesale, and others. Some notable clients of the software include EEPAYS, Barrington Bank, and Hotwire Financial etc.

Canopus EpaySuite is ranked 7 out of 420 software in their category (Accounting & Finance systems).

The software offers support for multiple withdrawal methods including bank wire, transfer to card, money remittance system, and e-currency. Further, support is also offered for the internet, SMS, and mobile banking. For payment processing, acceptance is offered for credit cards, e- cheques, and prepaid cards. Other than the internal money transfer, the software also offers support for external transfer via money remittance provider.

The workflow module of Copy Canopus EpaySuite works in conjunction with accounting engine for the management of different processes such as limit monitoring, postings, check blacklisting, and others. Other important capabilities include report generator, multiple delivery channels, gift card management, POS transaction management, and others.

The two main competitors of Canopus ePaySuite include EBANQ and Finacle. EBANQ is cloud-based banking and accounting solution just as Canopus ePaySuite. Canopus ePaySuite is a product of Canopus Innovative Technologies which began in 1992 in Estonia whereas EBANQ is a product of EBANQ holdings which was founded in 2013 in the Netherlands.

Both EBANQ and Canopus ePaySuite offer support online and during business hours. Canopus ePaySuite offers training via documentation, webinars, live-online and in-person and on the other hand, EBANQ offers training via documentation, live online and in-person.

Finacle is a cloud-based banking solution just like Canopus ePaySuite. Canopus ePaySuite is a product of Canopus Innovative Technologies which began in 1992 in Estonia whereas Finacle is a product of Infosys Technologies which began in 1981. Finacle offers support online, during the business hours and via a 24/7 live rep but Canopus ePaySuite offers support online and during the business hours.

Schedule a demo with Canopus EpaySuite and access 65 must ask questions for the vendor while watching Canopus EpaySuite in action.