If your AP team manually processes hundreds of invoices each week, the benefits of transitioning to virtual card payments are significant.
Time spent on each invoice adds up quickly. At this volume of invoices, the move to virtual payments will greatly improve your organization’s efficiency by:
Reducing the time to process an invoice
Lowering the percentage of errors attributed to manual entry
Limiting the number of duplicate invoices
Virtual card's efficiencies reduce time, waste and overall cost per invoice. Our clients love this because it allows them to dedicate time to improving, and not just doing (or doing poorly). And because vendors are paid faster and with greater accuracy, they love it, too.