Increase Productivity and Cashflow with AP Payments-as-a-Service
Our AP payments-as-a-service helps ensure vendor payments meet contractual obligations, even giving vendors the option for early payment, while digitally transforming accounts payable operations for great efficiency. Here’s how:
- Save Time – By removing administrative payment tasks and supplier management
- Reduce Costs – By eliminating manual work, paper, preventing errors, and generating revenue from AP spend
- Prevent Fraud – By reducing payment management liability and removing security burdens
- Gain Visibility & Control – With insight into who is being paid, how much, and by what method
BENEFITS
Free up to 84% of your AP staff’s time related to supplier payments
Easily transition away from manual payment processing, including paper checks, and supplier exception handling to modern, fast, and secure electronic payments with AP Payments as a Service.
Fully Managed Payment Delivery & Operations
Finexio delivers 100% of your payments. You focus on “who” to pay we determine “how”
High-Touch Supplier Enablement
All supplier payment communication managed including ongoing conversion to electronic payments
Payment Data Management & Security
Account information is securely collected, validated, encrypted, and stored, preventing fraudulent activity
Dynamic Payment Reporting & Analytics
Gain unmatched visibility and control of your payment data in one centralized location for reporting
Revenue Generating Payments
Create a new revenue stream by converting existing AP spend to electronic payment methods
Strategic Benefits of AP Payments-as-a-Service
- Paper-free from day 1 – immediately take advantage of the modern electronic payments without a lengthy change-management process
- Eliminate internal resource time or headcount for processing manual payments
- A holistic and sustainable model that adapts to changes in supplier preferences for long-term success for both buyer and supplier
- Digital payments and data security protect against payment fraud without investing in a complex and costly process
- Unmatched visibility into payments that you never had access to before
Key AP Payments-as-a-Service Features
- 10+ payment options
- Automation and artificial intelligence
- Real-time actionable insights
- White-glove AP staff and supplier staff support
- Seamless integration with Expresso
- Fast implementation
- Streamlined supplier onboarding
- Online supplier portal to track payments
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