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The Savings in B2B Payments

How much does your company spend each month just to pay your vendors by check?  When you think about the costs involved in producing check payments, you begin to realize how inefficient the paper check process is.  When you add up your hard costs (check stock and...

Moving to Electronic Vendor Payments

According to the Association for Financial Professionals’ 2015 Payments Cost Benchmarking Survey, nearly 80% of organizations are in the process of transitioning their B2B payments from paper checks to electronic payments.  Although check based payments are expensive...

How Do ePayments Benefit Your Vendors?

In our previous posts, we’ve talked about the different types of ePayments available and how ePayments benefit your company, but why would your vendors agree to make the switch?  ePayments simplifies the payment process for your vendors and allows them to get paid...

How Do ePayments Benefit Your Company?

Making the switch from traditional paper checks to ePayments can save your company significant amounts of money, time and resources.  If you haven’t made the move to ePayments yet, here are just a few reasons why you should consider making the switch. Significant...

What does “ePayments” Actually Mean?

The traditional AP process of cutting paper checks for vendors is full of challenges: it’s inefficient, time-consuming for staff, exposes your company to check fraud and above all it’s incredibly expensive.  According to a 2015 AFP Payment Survey, the average cost of...

The Cost of Issuing Checks

 A 2014 article in the Wall Street Journal titled “U.S. Companies Cling to Writing Paper Checks” refers to an Association of Financial Professionals (AFP) survey stating that 50 percent of B2B payments are still made by paper check. The accuracy of this statistic,...

Exploring the Benefits of Virtual Cards

As B2B payments continue to transition from paper checks to ePayments, Virtual Cards have become one of the more popular forms of electronic payment.  A virtual card is designed to be used as a one-time payment that is issued for a specific vendor transaction and a...

How an Efficient AP Department Can Benefit Your Organization

Accounts Payable Recognition Week is about making sure that your AP staff understands how important they are to your organization, so hopefully you have taken some time this week to say “thank you” to them for everything that they do.  We also want to take a few...

Ways to Ease the Burden on Your AP Department

You understand how important the AP department is to your company, so what can you do to help them become more organized and efficient?  The key lies in automation.  Automating your AP cycle from invoice to payment processing gives you more visibility and control over...