No IT project required: Utilize your existing people, tools and processes
to move to virtual card-based payments.
The steps to making payments are simple. No software. No cloud-based interface. No need to change banking partners. Just five easy steps:
1. Approve Your Invoices:
No change for your vendors
No change for your AP Team
2. Export a Payment File:
Payment File includes multiple payments to multiple vendors.
Encompasses the entire payment cycle.
After set-up, payments are exported by a simple press of a button.
Only four pieces of information are needed:
3. Upload the File:
Use simple File Transfer Protocol (FTP) to upload a file to the payment platform
Kontrol does the rest
4. Funds Are Automatically Transferred to Your Supplier:
Funds are parsed out to cover each payment made during the process
5. Receive a Reconciliation Report:
Report is designed to meet your needs
Easy to upload into your accounting system
No additional interfaces or processes to manage
Kontrol's unique vendor enrollment approach and hands-on implementation process helps you convert more of your payments to virtual card, maximizing the ease of your AP process while delivering tangible revenue.