Many providers position their solution as automating AP payments, yet the results fall short and in many cases, create inefficiencies and increase workloads for accounting staffs.
Portland, Ore. (PRWEB) June 03, 2014
NVoicePay Inc., leader in simple B2B ePayments, has published a white paper: “From Paper Checks to ePayment Optimization; An Executive’s Guide for Evaluating Electronic Payment Solutions.” Written for CFOs, senior finance executives, controllers and accounts payable teams, the white paper outlines how to evaluate ePayment solution providers to ensure success.
Authored by Karla Friede, CEO of NVoicePay, the new whitepaper provides information on:
- The differences between bank-based and technology solutions
- Questions to ask when evaluating ePayment solution providers
- How to avoid common pitfalls of traditional electronic payment methods including:
o Multiple Payment Processes
o Lack of Supplier Information Management
o Good rates, Bad Volume
o Payment Error Breakdown
“Many providers position their solution as automating AP payments, yet the results fall short and in many cases, create inefficiencies and increase workloads for accounting staffs,” said Karla Friede, CEO of NVoicePay. “It’s important to look below the surface, to find a provider that delivers on the true promise of electronic payments by ensuring 100 percent of suppliers are paid electronically with a simple efficient service.”
According to the latest payments survey by the Association for Financial Professionals, close to half of respondents said their organizations will convert the majority of their B2B payments to electronic methods within the next three years. Since 2009, NVoicePay has been delivering simple ePayment solutions that combine a single cloud-based payment processing workflow application. NVoicePay’s solutions work with any ERP and accounting system with continuous and comprehensive supplier enablement and information services to eliminate inefficient and insecure paper check payments, increase greater visibility and control over cash flow, and dramatically reduce costs of accounts payables.
NVoicePay is the leading provider of simple ePayment solutions for the enterprise. Organizations across multiple industries trust NVoicePay to streamline invoice payments, reduce AP costs, and generate new revenue thru integrated AP card rebates. Only NVoicePay offers a simple, secure cloud-based workflow that works with every accounting system and all banking partners, and best-in-class supplier services to assure success. Founded in 2009, NVoicePay has thousands of customers paying tens of thousands of suppliers through the company’s payment network each day. For more information, visit http://www.nvoicepay.com
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