As a cost center, finance executives are under constant pressure to simplify payables processes to support cost reduction efforts – both people and time costs. In addition, payables organizations must continue to find ways to reduce fraud risk known to exist with checks and ACH.
Our solution automates the delivery of all payments, consolidating and simplifying the payment processes for Accounts Payable organizations – whether payment is made by check, ACH, virtual card, or foreign exchange. In addition, our solution maximizes conversion of payments to rebate generating methods – turning Accounts Payable into a revenue generator.
As a 30-year-old company at the forefront of virtual cards, our partner is uniquely positioned to support clients in automating the delivery of all payments through their proprietary platform, while also converting on average more than 30% of payables to virtual cards – the best in the industry.