Can virtual payments pay for an electronic invoice system?

Does your company still pay suppliers by check? Does your Accounts Payable Department still use manual and labor-intensive tasks for processing incoming invoices? If this describes how your company processes and pays bills, you need to know that there is a strong trend away from these practices, which is highlighted [...]

By | March 2nd, 2016|Accounts Payable|0 Comments

Increase your company’s electronic supplier payments

Corporations of every size and across all industries are automating their accounts payable and payment processes – reducing costs up to 60% and saving critical processing time. So it’s no surprise that 50% of all Fortune 500 companies have already moved to more efficient payment applications. In today’s digital economy, [...]

By | May 11th, 2015|Electronic Payments|0 Comments

Why your vendors don’t want to be paid by paper checks anymore

A recent study by MasterCard, Kaiser and Comdata dismisses a long-held perception by buyers that they have less control on how they pay their vendors. When asked about the level of control on the payment method to vendors, the majority of buyers in this study (63%) believe they have a [...]

By | May 9th, 2015|Accounts Payable, Electronic Payments|0 Comments

6 reasons why your firm should automate payments

There are many reasons companies should automate their Accounts Payable payment processes. Although check usage has declined in recent years, according to the Aberdeen Group, almost 10 billion dollars in B2B transactions are processed annually and the majority of these transactions are still made using paper checks. In an age where [...]

By | April 7th, 2015|Electronic Payments|0 Comments