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Mercoa Overview

About Mercoa

Mercoa is an embedded financial automation platform. With Mercoa, any B2B platform can embed, offer, and monetize AP and AR automation for their users. Our full-service automation solutions allow you to launch invoice processing, approval workflows & automations, payment scheduling, billpay, working capital, email notifications, AI agents, and much more.

Account Structure

Mercoa’s account structure is designed to support complex B2B platforms with multiple customers and vendors. We use the following terminology to describe our account structure:

AccountDescription
C1The platform/product team that embeds Mercoa (whether via our embed, React components, or API) within their product. If you are reading this, you are probably a C1.
C2The customer of a C1. A C2 is an entity that uses the C1’s product and has access to Mercoa via the C1’s product.
C3The counterparty of a C2. A C3 is an entity that either sends invoices to or receives invoices from a C2.

Accounts Payable vs. Accounts Receivable

In Mercoa’s accounts payable experience, the C2 is the payer and the C3 is the vendor.

In Mercoa’s accounts receivable experience, the C2 is the vendor and the C3 is the payer.

Virtual Card Agent

Mercoa’s Virtual Card Agent automates the process of determining if a vendor accepts virtual card payments and then executes those payments at scale. Once you integrate Virtual Card Agent into your Bill Pay, you can utilize AI features that can:

  • Automatically determine if a vendor accepts virtual card payments.
  • Collect the correct payment information from vendors.
  • Execute virtual card payments to vendors via email.
  • Log into online portals to submit virtual card payments automatically.
  • Reconcile virtual card payments after they are made.
  • More coming soon!

Check out our demo and documentation for Mercoa Virtual Card Agent.

API Object Model

Mercoa’s API is based around CRUD operations organized around a set of objects that represent the data in Mercoa. Here is a simplified diagram of the object model: