The transition from manual and paper-based process to automated payment solutions drives cost reductions and optimize working capital. It may be hard to imagine the world without manual paper checks, but the finance professionals are working to make that happen.
The movement towards electronic payments has empowered AP departments to move from an operational role within organizations to offering strategic value to the entire company.
The implementation of e-payment solution results in an elimination of paper and creating more time for strategic positioning.
The virtual credit cards enable customers to capture significant rebates that would otherwise be lost. The use of virtual cards create an additional revenue stream.
e-Payment have allowed customers to work with a supply chain finance provider to create more advantageous payment schedules for themselves. This, in turn, gives greater control and management of their working capital.
The implementation of e-payment solutions means there will be less manual tasks for teams and more time to work on other roles and responsibilities that add value to an organization. Instead, now they can concentrate on analytics and strategies to optimize the working capital.
e-Payment strengthen relationships with vendors. Choose an e-payment solution that maximizes efficiency on their end.
TO SUM UP:
e-Payment continues to gain popularity within organizations reducing the amount of paper and manual processes. Make the process easier and more efficient to provide better visibility and protection against fraud or theft.
Take advantage of the holistic e-payment solution that increases efficiency and ultimately give your staff the time needed for strategic endeavors.
- -Integration with International Payment Gateways (Forte, PayGate, SagePay, Eway, Ogone, BluePay, Network, 2checkout, Braintree, Authorize.Net, Stripe, PayPal, Moneybookers, iTransact, Setcom, Paymate, VCS, credit call).
- -Integration with US/Canada Payment Gateways (Alipay, First Data, Psigate, Beanstream, Moneris).
- -Integration with Indian Payment Gateways (Razorpay, Paydollar, Citrus, PayU India, EBS, Asiapay).
In addition to online bill payments, you can even set payment reminders, receive advance payments, issue credit notes and understand your business better with useful reports.
The online payment solution can help businesses to improve customer retention. It lowers the costs for businesses. The right e-payment solution makes the process completely electronic and automated on the payer side of an equation.