NVoicePay

Technology implementations are never easy. There could be unforeseen integration issues with back-end systems or perhaps more customization is required than originally thought. In the P2P world, one of the most significant issues overall, however, is supplier onboarding. This is particularly true in the case of payment solutions such as virtual payment cards. Supplier onboarding [...]

Electronic payments offer many advantages over paying with paper check. Ardent Partners research has shown that, no matter the payment method (i.e., ACH, wire, card, networks, etc.), ePayments cost up to 75% less to process than a paper check. Add to this the realization that manual, paper-based workflows are prone to errors such as overpayments [...]

The benefits that virtual payment cards provide to buyers are expressed quite well in vendor marketing materials, as well as in several previous articles here at Payables Place. What’s not as well discussed, however, are the advantages virtual cards ascribe to the suppliers that accept them. To be quite frank, the pluses of virtual payment [...]

For more than 70 years, enterprises of all sizes have used commercial payment cards to purchase everything from airline tickets to office supplies. This flexibility has led solution providers to launch numerous card products in the intervening decades. Today, there are cards to manage corporate travel, cards for purchasing, fleet cards for transportation, ghost cards [...]

Six weeks ago, President Obama announced the voluntary SupplierPay initiative. Already this week, we’ve gone over why the pledge matters in the first place and the technology tools that could make it happen, but I find myself wondering if this pledge means small businesses will actually get paid sooner or not. What is this SupplierPay [...]

On July 11, President Obama announced the SupplierPay pledge. Based on the federal government’s QuickPay initiative, which is designed to pay small federal suppliers more quickly, the SupplierPay pledge is a voluntary agreement that 26 large companies signed onto, stating they would either pay their small suppliers faster than they currently do or provide access [...]