Payments 101: Electronic Payments
Billions of payments are being made by check every year. This is the go-to payment method for businesses for a multitude of reasons; they are familiar with it, they know their vendors accept them, there are no additional approvals required internally. Yet the companies that continue to make check payments are missing out on big rewards such as rebates and cashback. In this paper, we look at:
- The electronic payment methods available
- The advantages each payment type can bring to your business
- The questions to ask when considering which are best
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Regardless of which ERP your team is using, traditional paper-based accounts payable processes being run through any ERP make it difficult for teams to focus on their core duties: managing accurate and timely closing, avoiding late payments, obtaining quick pay discount, and maintaining detailed transaction records.View Whitepaper