Simplify your payments, simplify your life.
Want to simplify your approach to the AP process? Integrated payables are the best way to pay all vendors as it ensures that each vendor is being paid in their preferred method.
1. Security
A portion of the integrated payables approach is paying vendors via virtual card. This is a single use electronic card that is only to be used and accepted by the exact amount and vendor name that it is given to.
Avoid fraud and increase your security as each virtual card transaction has an randomly generated 16 digit code that is for the specific amount of payment, not a penny more. Virtual cards end the days of risking your bank account information on your checks and decrease fraud attempts with increased security.
2. Lower costs associated with virtual payments
Virtual payments are simply better business. Payments made virtual such as virtual card and ACH lower your monthly overhead costs by eliminating the need for checks and postage. No longer needing to cut checks, run around the office for signatures, and track the USPS to ensure your payment as arrived - sending payments virtual reduces costs and worry in the office.
3. Generate Revenue
Every payment made through a Singe Payables Virtual Card is free to generate and it creates a monthly rebate. Turn your cost department into a money generating operation is a innovative way to profit off of your business! This rebate is given back to your company to share the value of virtual cards.
Worried about how this could impact your supplier/buyer relationship? Check out our article by our COO, where he walks us through the math on why a supplier should accept card payments (the secret is that it benefits them too).
4. Save time
Save your time with virtual payments as manual processes are pushed to the wayside. Payments can be made anywhere, at any time- providing you with more control over your payments, we allow you to commit more time back into the business.
Pay your vendors with virtual payments today just to see how much they can simplify your process. Less time wasted, more money back, and greater security means better business. Contact us today for a free supplier analysis to see how many current vendors are accepting virtual cards now and see how much money you could be generating.
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