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Accounts Payable (AP) is under pressure today, with demands coming from every direction:
There is the demand to reduce costs – the cost of checks, the cost of paper invoices, the cost of time, and the cost of exceptions.
There is the demand to digitize – to transform manual processes, implement automation, save time, and improve connectivity with vendors.
There is the demand to improve cash flow – to capture vendor discounts, negotiate favorable contracts, avoid late fees, and maintain cash in-house as long as possible.
As part of the AP engine, you want to meet all these demands. But, you are likely understaffed and overloaded. Manual work consumes your days, leaving you with little time for more strategic business initiatives.
Read the eBook to find out how adding virtual card to your digital payment strategy can be the key to reclaiming your time and resources and delivering on your business objectives.
“Accounts Payable departments should embrace multiple payment strategies to achieve maximum efficiency and effectiveness. Virtual cards are a powerful addition to the AP toolbox.”
When it comes to business payment types, both ACH and virtual card have their benefits. Some companies utilize both separately, but by bringing them together, you could potentially realize massive reductions in invoice and payment costs among other benefits.
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