4 Supplier Enablement Strategies for Efficient B2B Payments

Posted on Sep 14, 2017 2:27:45 PM by Scott Songer

At this time of year, with the lazy days of summer over and busy autumn in full swing, it feels like we're all looking for tactics that will make us more effective and efficient at work and at home. What's one of the best ways to introduce more efficiency in your work life? Getting all your vendors to join your electronic payments system. is a great way to ensure a lifetime of efficient B2B payments. Consolidated electronic payments ensure efficient B2B payments, making them more secure and easier to track. When everyone is on the same page, transactions flow smoothly. Standardizing your B2B payments via an electronic payments system is one of the most effective supplier enablement strategies your business can adopt, for both your sake and that of your vendors.

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Topics: Supplier Enablement

A Collaborative Approach to Vendor Adoption of E-Payments

Posted on Dec 15, 2016 8:20:00 AM by Kontrol Team

We’ve all read about the many benefits of moving from paper check-based payments to electronic card-based payments for accounts payable and other business-to-business transactions. It’s really a no-brainer for most purchasing organizations. Yet a critically important component of e-payment success is vendor acceptance. Your suppliers must be agreeable to accepting electronic payments, including virtual cards. Supplier acceptance is crucial to your company’s electronic accounts payable program.

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Topics: Vendor Enrollment, Supplier Enablement

Why Considering the Payment Needs of Your Customers Makes Brilliant B2B Sense

Posted on Oct 5, 2016 11:10:25 AM by Chad Clay

As a supplier in the business-to-business sphere, you've no doubt encountered buyer organizations that wish to pay you electronically rather than via paper checks. How do you determine which forms of payment your organization will accept from buyers? Are you concerned about added costs associated with electronic payment formats? And if you do go electronic, which format makes the most sense for your B2B payments?

In the face of so many questions marks, it's easy to say no to all forms of electronic payment and maintain the status quo with check-based payments. But by considering the payment needs of your customers first, you may actually boost your B2B sales and reap dividends you never expected to from your accounts receivable.

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Topics: Payment Cards, Supplier Enablement

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

Virtual Payments vs. ACH: A SUPPLIER'S Look at Electronic B2B Payments

Posted on Apr 23, 2015 9:27:00 AM by Chad Clay

This is the second in a series of posts about the advantages of virtual card-based payments vs. ACH. Today we'll cover the issue from a supplier's perspective.

Whether you're a vendor considering accepting electronic payments from your customers, or a client organization wondering whether your vendors will really get on board if you go paperless, you're likely asking the same question: What electronic format makes sense for my B2B payments? 

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Topics: Payment Cards, Supplier Enablement

Why Your Suppliers Ought to Love Virtual Payments, Too

Posted on May 22, 2014 6:00:00 AM by Kontrol Team

It's pretty easy to see why a company would want to go paperless with its Accounts Payables, when Virtual Payments Technology provides a ready opportunity to reduce costs and increase revenues. The benefits to your suppliers, however, might be less obvious, especially since vendors typically absorb the fees associated with card-based electronic payments.

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Topics: Payment Cards, Vendor Enrollment, Supplier Enablement