One File: Benefits and Best Practices

Posted on Mar 29, 2018 11:00:00 AM by Tom Parrish

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.

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Topics: One File, Virtual Payments, Consolidated Payments

AP Made Easy: Benefits and Best Practices of a One File Payment Process

Posted on Nov 10, 2016 8:03:48 AM by Kontrol Team

With so many different ways to pay suppliers, B2B payments can get complicated quickly. Some suppliers accept card payments, such as P-cards and virtual cards. Other suppliers prefer ACH deposits. You may even have to occasionally send a wire payment. 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, many 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.  

more

Topics: One File, Virtual Payments, Consolidated Payments