There have never been more options for paying suppliers. Paradoxically, it has also never been more difficult to get suppliers to make the switch to digital payments.
Besieged by fraudsters and underwater with the demands on their businesses, many accounts receivable teams don’t feel they have the time, bandwidth, or need to start accepting ACH (Automated Clearing House) and virtual card payments. Checks may be slow and frustrating, but they’re also familiar, making any change a perceived Pandora’s Box many businesses are not keen to open.
Changing that means proving the value of digital payments for your vendor population, as well as making it clear the change is easy. Bottomline’s business payments network, Paymode, provides real gains in efficiency and security for vendors, and crucially takes the work of onboarding out of your hands to protect business relationships and convince vendors to make the switch.
Here’s a step-by-step guide to how Bottomline takes the pain out of supplier enrollment.
