How to Level-Up Your Electronic Payments to Suppliers

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B2B electronic payments experienced unprecedented growth during the pandemic, and buyers are showing no signs of slowing their move away from paper checks.

But many accounts payable departments may not be getting the most out of their electronic payment initiatives. 

Taking a strategic approach to supplier payments creates an opportunity for businesses to unlock cash trapped in their finance operations. 

A strategy for electronic payments must go beyond the payment and include:   

  • Supplier experience
  • Early payment discounts
  • Days Payable Outstanding (DPO)
  • Supplier adoption
  • Fraud mitigation
  • Reconciliation

IOFM’s latest white paper provides a step-by-step guide for building an electronic payment strategy.

If you want to level-up your strategy for paying suppliers, download this white paper. 

Continuing Education Credits available:

Receive 1 CEU towards IOFM programs:

AP CertificationPP-OC_seal_APP_outline.FNLReceive 1 CEU towards maintaining any AP and P2P related program through IOFM! These programs are designed to establish standards for the profession and recognize accounts payable and procure-to-pay professionals who, by possessing related work experience and passing a comprehensive exam, have met stringent requirements for mastering the financial operations body of knowledge.

Continuing Education Credits available:

Receive 1 CEU towards IOFM programs:

AR-certFinal-AOCReceive 1 CEU towards maintaining any AR and O2C related program through IOFM! These programs are designed to establish standards for the profession and recognize accounts payable and procure-to-pay professionals who, by possessing related work experience and passing a comprehensive exam, have met stringent requirements for mastering the financial operations body of knowledge.

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