Mar 29, 2018 11:00:00 AM
Is your payment process as simple as it ought to be? With so many different ways to pay suppliers, B2B payments can get complicated quickly. Some suppliers accept card payments, such as virtual cards. Other suppliers prefer ACH or wire payments. And yes, of course, some suppliers still require payment by check. So what’s the best way to manage all of these different payments? Increasingly, Accounts Payable departments are turning to one file payments to address the challenge of multiple payment types and bring unprecedented ease to the AP process.
Wondering about the benefits of using one file with consolidated payments? Here are a few:
While many banks and financial institutions offer one file with consolidated payments through an automated AP platform, not all solutions are equal. When considering a one-file payment solution, ask yourself these questions:
If you’d like to learn more about using one file with your optimized payment mix, please contact us for additional information.