How to Evaluate An Electronic Accounts Payable Provider [CHECKLIST]

Posted on Jul 12, 2018 10:26:15 AM by Chad Clay

In the past few years, the industry has exploded with automated electronic accounts payable solutions. While it’s good to have options, sometimes sifting through all of those providers can be daunting. How do you know which provider offers the accounts payable solution that’s best for your organization? Where do you start? What questions do you ask? Here’s a checklist to help you get started.

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Topics: Accounts Payable, Electronic Invoicing

Improving Accounts Payable Processes: 5 Easy Goals

Posted on May 25, 2018 10:41:29 AM by Tom Parrish

Would you believe that accounts payable processes can be dramatically improved by meeting just five easy goals? A few procedures will enable you to smooth out efficiency issues, reducing the amount of time spent on each individual invoice. Following these readily implemented fixes will enable you to save a great deal of effort and money in the long run.

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Topics: Electronic Invoicing, Cost Savings

The Basics of Virtual Card Payments Technology [INFOGRAPHIC]

Posted on Mar 15, 2018 11:39:10 AM by Chad Clay

If you're like most professionals who are responsible for making payments for a corporate or nonprofit organization, you're continually seeking to maximize efficiency and minimize the cost of doing business. Virtual card technology does both, offering the opportunity to turn a manually intensive operating expense into an automated process that actually generates revenue for your organization.

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Topics: Payment Cards, Commercial Cards, Electronic Invoicing, Virtual Payments

Improving Accounts Payable Processes in 5 Easy Steps

Posted on Jun 8, 2017 8:24:00 AM by Tom Parrish

Would you believe that accounts payable processes can be dramatically improved in just five steps? A few simple procedures can enable you to smooth out efficiency issues, reducing the amount of time spent on each individual invoice. Following these readily implemented fixes will enable you to save a great deal of time, effort and money in the long run.

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Topics: Electronic Invoicing, Virtual Payments, security, Payment Cards

Pay Your Vendors, Fund Your New ERP

Posted on May 19, 2016 7:30:00 AM by Scott Songer

In the market for a new enterprise resource planning system? Whether your organization is upgrading or investing in an ERP for the first time, you no doubt have a host of questions:

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Topics: Payment Cards, Electronic Invoicing, Virtual Payments

Banishing Checks: The Ticket to Faster Payments?

Posted on Apr 28, 2016 7:30:00 AM by Scott Songer

Is a checkless future closer than we think? If Karen Webster at PYMNTS.com has her way, it will be. In her recent article, "The Fastest Path To Faster Payments In The US," Karen argues that checks are an enormous barrier to faster payments in this country, and that the best way to make payments more efficient and effective is by killing checks outright. By moving permanently from paper checks to a more timely and more secure alternative like virtual cards, businesses and consumers can reap huge benefits, including significant cost savings. 

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Topics: Payment Cards, Electronic Invoicing, Virtual Payments

What You Need To Know Now About Our Just-Launched Supplier Portal

Posted on Dec 17, 2015 11:00:00 AM by Scott Songer

In my last post, I introduced you to Kontrol's new dedicated supplier portal. We're excited to be offering this functionality to the vendors our clients pay via virtual card, and I want to share some of the highlights of the platform here.

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Topics: Payment Cards, Electronic Invoicing, Supplier Portal, Supplier Enablement

Kontrol's New Supplier Portal: Powering Easy

Posted on Dec 3, 2015 7:30:00 AM by Scott Songer

 We like to make things as easy as possible for our customers and the folks they pay with virtual cards. That's why we're super excited to announce Kontrol's new supplier portal. The portal improves the payment process between buying organizations and their suppliers, all without any added work for either buyer or supplier.

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Topics: Payment Cards, Electronic Invoicing, Supplier Portal, Supplier Enablement

You're Probably Throwing Money Away On Your AP

Posted on Dec 11, 2014 7:30:00 AM by Scott Songer

Let's face it: It's REALLY hard to justify wasting money, especially in an economy just on the edge of recovery. If your organization is still handling paper invoices, you're spending $2.50 more per invoice than you need to be.* If your AP department processes 3,000 paper invoices a month - an average load - that's $22,500 a year down the drain.

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Topics: Electronic Invoicing

How Much Does That Paper Check Cost? Try $54 Billion

Posted on Oct 21, 2014 7:30:00 AM by Kontrol Team
Earlier this year, The Wall Street Journal's Vipal Monghighlighted the negative implications of using traditional paper checks for business (paywall), among them an estimated, per-check processing and shipping cost of $4 to $20 that adds up to $26 billion to $54 billion annually in added expenses for U.S. businesses. 
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Topics: Kontrol, Electronic Invoicing, Virtual Payments