The growth of virtual card payments has created an unexpected complication for suppliers: more friction in the processing, posting and reconciliation of payments and receivables.
The root of the problem is that most suppliers rely on a manual approach to process e-mailed virtual card payments.
Suppliers are forced to balance their organization’s need for operational efficiency and control with rising customer demand to pay with a virtual card.
But it doesn’t have to be this way.
IOFM’s newest white paper shows suppliers how to process virtual card payments straight-through.
The white paper details the growth of electronic B2B payments, shows how manual approaches to processing virtual card payments cause friction in accounts receivables, describes a way to process virtual card payments straight-through, and highlights the benefits of frictionless payments.
Don’t waste any more time manually processing virtual cards. Download this white paper today!
Continuing Education Credits available:Receive 1 CEU toward renewing ARM, ARS, AOCM, or AOCS certification from the Institute of Finance and Management!
The Accounts Receivable Certification and Order-to-Cash Certification Programs are designed to establish standards for the profession and recognize Accounts Receivable and Order-to-Cash professionals who, by possessing related work experience and passing a comprehensive exam, have met stringent requirements for mastering the Accounts Receivable and Order-to-Cash bodies of knowledge.
This white paper is provided free of charge and underwritten by a sponsor. Following your download, you may be contacted by the sponsor with information about their products and services.
Continuing Education Credits available:
Receive 1 CEU towards IOFM programs:
Receive 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.