Simply stated, if your organization has not implemented an electronic payables program as part of your accounts payable process, you are losing money.

Accounts Payable GO GREEN!

Reduce processing costs, create a new revenue stream, and help reduce your carbon footprint! Implementing an electronic payables solution helps you virtually eliminate paper checks and drastically reduce postage costs, bank fees and related check processing costs. Most major banks now offer solutions where they pay the client’s vendors immediately and the client only pays the bank monthly. This allows the client to take advantage of early payment discounts with their vendors and often results in significant rebates from the bank based on the number of transactions processed. Depending on the size of the organization, keeping additional capital on hand also results in opportunities to generate short term investment income. On top of all these benefits, ePayable programs have also been shown to help reduce fraud within organizations that have fully implemented a solution.

Electronic Payment Benefits Include:

• A GREEN initiative with a positive ROI
• New revenue stream created from bank processing rebates
• Immediate payments to vendors with minimal cash flow impact and capitalize on vendor prompt payment discounts
• Improved productivity with up to 50% less PO and invoice matching
• Minimal procedural changes and better spend controls
• Higher order to receipt turnaround rate.
• Reduced risk of internal fraud.

In general, an ePayables solution integrates credit card payments into your accounts payable process and enables a client to expand commercial card programs by automating, streamlining, and integrating your existing payment authorization and reconciliation process with card management and control mechanisms. DDR provides the expertise on implementing and configuring electronic payables solutions by working directly with your banking institution to develop and coordinate the business and file transfer processes. We make sure the payment transition is smooth for accounts payable and client vendors and help put the controls in place to help prevent abuse by client resources.