Typically, when a company changes banks, they have to implement an entirely new tool set for their p-cards and e-payables. Not with us.
Atlanta, GA (PRWEB) April 29, 2011
Organizations planning a transition to a new bank can make the switch much easier with cutting-edge, bank-independent purchasing card management and virtual card accounts payable solutions from Solvit Software.
“We can work with any bank our clients choose,” says Leslie Wright, President of Solvit Software. “Typically, when a company changes banks, they have to implement an entirely new tool set for their p-cards and e-payables. Not with us. Our bank-independent software gives our clients the freedom to change banks without the many constraints and inconveniences that come with using the software the bank provides them.”
Solvit Software’s Resolve expense allocation tool provides clients with customized, electronic purchasing card management. In a traditional model, when a company changes banks they must switch to the new bank’s allocation tool. That means the company has to build new interfaces, change its processes and manuals, and train users on the new tool – at a cost of thousands of dollars and man-hours. That’s history with Resolve. “Resolve can import any bank file,” Wright explains. “Resolve does exactly what the client needs it to, the way the client needs it – regardless of what tool set the bank offers and regardless of what bank our client uses. Resolve is the allocation tool that stays with our client no matter what.”
Employing Solvit Software’s PAVA means companies never again have to change the virtual card program they use for their accounts payable spending either. With PAVA, a company continues to use a purchase order process for high-dollar purchases but pays the invoices with virtual or ghost cards. With a bank rebate program in place, a company can increase its monthly rebate significantly by using PAVA, and because PAVA operates independently, users never have to change the process even if they change banks. “Both programs, PAVA and Resolve, work with any bank file,” Wright says. “Clients can even have multiple financial institutions and run multiple card programs. Ours can be the single tool set used to manage those programs regardless of their spread across financial institutions. If they have p-card with one bank and virtual cards for A/P spending with another, our system can work with them all at the same time.”
With Solvit Software’s Resolve and PAVA, one tool set gets the job done and allows transitions to a new financial institution to be practically seamless. “Our clients will never have to retrain their people, regardless of what financial institution they choose,” says Wright. “For any company that needs to transition to a new bank or is preparing to make a change, our tools make the job easier than they ever imagined.”