Payment Automation - Are You Still Using Your Bank’s Treasury Services?

Are you using your bank's treasury services? Should you consider a bank-neutral payment platform instead?

If you are using your bank's treasury services for payment processing, you are reaping the benefits of having outsourced the process. Nevertheless, you are tied to that one bank and your bank portfolio may not be diversified. Here are some reasons to consider a bank-neutral payment platform...

Podcasts for CFOs, Controllers, Treasury Managers, and Corporate Finance Professionals

Podcasts for Busy CFOs, Controllers, Treasury Managers, and Corporate Finance Professionals

You're a CFO, Controller, Treasury Manager or another leader in corporate finance / accounting, and despite the fact that it's a long holiday weekend, you never stop thinking about what you can do better, right? You may enjoy our short and sweet podcast series. Each one is under 5 minutes long.

Accounts Payable Virtual Cards - Top Reasons to Use Them

Accounts Payable Virtual Card Payments

In today's digital world, no one really uses checks regularly for their personal transactions. And now, receiving a paper check seems like something out of the 70's. And the steps to process the check file are also very dated.

Automate AP Payments

OnPay Solutions transforms the way remittance is processed. Thanks to our platform, you receive payments quickly, safely, and at a low cost. Bank-level secure, cost-effective, agnostic to your ERP and bank, highly scalable. Change is only minutes away...

Ways to Automate Accounts Payable

Partner with OnPay Solutions - Strategic Partnerships

Partner with OnPay Solutions to allow your business platform or process to connect clients to automated payments seamlessly. Find out more!

Strategic Partnerships - OnPay Solutions

Choose to Partner with OnPay Solutions to connect your platform to Payment Automation for Accounts Payable using MasterCard Virtual Cards, ACH, wire and more. We successfully partner with many major companies including Comdata, EML, Basware, Esker, Nivo1, Pineapple Payments, Unimarket and more.

Accounts Payable Payments

Digitize Accounts Payable Payments...Join The Movement!

If you are issuing checks, you are missing out on a tremendous opportunity. By digitizing accounts payable payments, also known as sending ePayments, you not only save tremendous costs, you will reduce your fraud risk and get the benefits of cash-back rebates paid monthly.

Accounts Payable Automation | AP Automation - OnPay Solutions

Solve accounts payable process pain with AP Automation. Want to onboard suppliers for ePayments? Want to issue ePayments? Want to streamline processes? Want to earn cash rebates? Read more about accounts payable automation from OnPay...

Do you know the difference between P-Card & V-Card Program? Many CFOs today take advantage of rebates paid on P-Card programs but haven't tried V-Cards for A/P. 

Click to watch P-Card or V-Card https://t.co/cmF8ujrIDh#corporatepayments #CFO #Controller #digitaltransformation

— OnPay Solutions (@OnPaySolutions) July 26, 2018

ePayments – How to Message Suppliers and Vendors for Optimal Adoption

Overcoming the monumental barrier of collecting supplier bank instructions is typically close to the top of the list of reasons why companies rationalize continuing to issue check payments. Learn more about how to overcome this obstacle with ePayments...

See the 5 Reasons to Automate AP Payments 

AP Payments and Invoice Automation - Join the Movement

Digitize Accounts Payable Payments...Join The Movement!

If you are issuing checks, you are missing out on a tremendous opportunity. By digitizing accounts payable payments, also known as sending ePayments, you not only save tremendous costs, you will reduce your fraud risk and get the benefits of cash-back rebates paid monthly.

Accounts Payable Automation Solutions

Are you ready for a better alternative to expensive and labor-intensive paper-based check payments?

Accounts payable payment automation, an easy accounting system integration, and e-payment options are your solution.

Choice and Flexibility 
 • You can control every step of your AP process, fully automate it, or anything in between

Speed and Efficiency 
• Save money and pay your vendors on time and more efficiently with multiple e-payable options to choose from.

Lower Costs 
• Satisfy your payees who require checks and reduce costs with our check print and main, including off-site printing capabilities.

Convenience 
• Let our remittance portal solution eliminate payment questions from payees and notify them directly when they are paid.

Connection to any Bank 
• Securely connect to any financial institution – no more logging on to multiple bank accounts to process different e-payment transactions.

Learn more about payment automation solutions!

A/R Automation - What Are the Benefits of Accounts Receivable Automation

Automating your A/R process will reduce inefficiencies. Similarly, it will eliminate manual data entry errors and reduce transaction time. Adopting key performance indicators (KPIs) and defined capital metrics are also important.  

For instance, by adding standard revenue and profit tracking reports, you can easily have a clear picture for days sales outstanding (DSO), who is paying late, number of invoices passed through the system, collections rates made on bad receivables and collections made, your business gains the freedom to track your performance in real time. Read more...

Benefits of Accounts Receivable Automation

Automating your A/R process will reduce inefficiencies. Similarly, it will eliminate manual data entry errors and reduce transaction time. Adopting key performance indicators (KPIs) and defined capital metrics are also important.  For instance, by adding standard revenue and profit tracking reports, you can easily have a clear picture for days sales outstanding (DSO), who is paying late, number of invoices passed through the system, collections rates made on bad receivables and collections made, your business gains the freedom to track your performance in real time. Read more...

Accounts Receivable Automation Solutions - How Can AR Automation Save You Time and Money

Artificial Intelligence, Machine Learning, the advancement of technology. How does it affect you, and why should you care? 

Introducing yourself to new ways and ideas can enrich your day to day experience, freeing up time you once dedicated to manual inputs. 

Machine learning and (AI) Artificial Intelligence have been deployed are can automatically extract the remittance details to then match payments to invoices and apply cash with only a few clicks. Learn more about accounts receivable automation...

Payment Automation and Moving to ePayments

The Association for Financial Professionals (AFP) released a report in last September that found the use of paper checks in B2B payments actually increased in 2016. Yet, that said, experts still expect reliance on paper will fall in this year, as reported in an analysis from NACHA, released last June, which finds that accounts receivables (AR) executives anticipate ACH payments to surpass the check by 2020.

That may be why 2018 may go down in B2B payments history as the year the space saw an increase in attention from innovators. B2B payments have found the spotlight as companies recognize immense opportunity to address key points of resistance, with Deloitte estimating global B2B payments to reach $23.1 trillion, by 2020.

What do you need to do to move forward and change your ways from checks and how to do find the right partner? Read on...

Virtual Credit Cards – How to Create an Additional Revenue Stream

Creating an Additional Revenue Stream with Virtual Credit Cards

Technology offers some of the best solutions today for automating payments in your business.

Virtual cards are one of these solutions. Not only can virtual credit cards make your accounts payable process easier, vCards will also save you time and money.

Want to learn more? Download your free ebook on the benefits of using vCards

Read More from OnPay Solutions:

Video Blog: The Benefits of Virtual Cards

Cloud-based, bank-level secure, cost-effective, agnostic to your ERP and bank, revenue-generating.

Create an Additional Revenue Stream by Issuing Supplier Payments with Virtual Credit Cards

Many businesses today are leveraging technology to manage finances. Virtual Cards are one of the newest forms of electronic payments. With Accounts Payable, virtual cards can make your process inexpensive, fast and convenient, while providing a high level of security to your company.

Faster Cash: How Technology Will Accelerate Your Cash Flow

Faster Cash Accounts Receivable Webinar from OnPay Solutions. Learn More About How Technology Can Accelerate Your Cashflow: http://www.onpaysolutions.com/accounts-receivable-automation

B2B Payments - Reasons to Use Payment Automation

Why Checks Continue To Steal the B2B Payments Spotlight and How to Prepare to Move to ePayments

2018 may go down in B2B payments history as the year the space saw an increase in attention from innovators. B2B payments have found the spotlight as companies recognize immense opportunity. What do you need to move forward and away from checks, and how to do you find the right partner?

OnPay Solutions: The Road to CASH Management Transformation

Transforming CASH management doesn't require systems upgrades/changes. Get working capital with AP & AR Automations solutions that work with existing systems.…

via: vimeo.com

B2B Payments - Best Solutions for Automating Your Payments

There are many reasons to automation your B2B payments with vendors and suppliers. You can simplify your finance department's payment process and get huge returns on investment. Start with payment automation, and learn more from OnPay Solutions...

More Resources on B2B Payments and Payment Automation

Why Payment Automation?

Learn more about payment automation and why it can work for your company's accounts payable department.

Create an Additional Revenue Stream by Issuing Supplier Payments with Virtual Cards

Many businesses today are leveraging technology to manage finances. Virtual Cards are one of the newest forms of electronic payments. With Accounts Payable, virtual cards can make your process inexpensive, fast and convenient, while providing a high level of security to your company.

Futuristic B2B Payments: Virtual Cards, ACH and Accounts Receivable Challenges

B2B payments are evolving from paper checks to electronic payment delivery. This paradigm shift from paper checks to electronic is creating a new timeline for payment delivery. Virtual cards are among the latest in payment technology, and ACH payments are on the rise. Read more about AR automation.

B2B Payments - Best Solutions for Automating Your Payments

There are many reasons to automation your B2B payments with vendors and suppliers. You can simplify your finance department’s payment process and get huge returns on investment. Start with payment automation, and learn more from OnPay Solutions… 

Find out more about how payment automation can benefit your business: Get Your Free Overview!

B2B Payment Solutions - Ways to Overhaul Your AR Challenges

Looking into the future, change can be scary, but exciting, it’s uncomfortable yet enduring the process we adapt and change just as our businesses. B2B payments are evolving from paper checks to electronic payment delivery.  This paradigm shift from paper checks to electronic is creating a new timeline for payment delivery. Find out more...

AP Automation Solutions - Uncover Your Strategy for Success

As a financial leader in your organization, you may wonder about the exact steps you can take to improve accounts payable and even increase your cash flow. Also, how to get the best returns on your investment, should you select a new software for accounts payable. Click here to read more...

Accounts Payable Automation Strategies for Success

As a financial leader of your organization, you may wonder about the exact steps you can take to improve accounts payable and even increase your cash flow. It's important to ensure that your creditors and suppliers are paid on time. An efficient AP automation solution can help you do just that.

Payment Automation - Top 5 Reasons to Automate

Although technology has made Accounts Payable payment automation a standard for many organizations, 60 percent of businesses in the United States are not aware of the countless benefits of A/P automation. 

Leveraging software applications to apply the process in manner that is seamless and effortless, here are our top 5 reasons to automate. Read more...

Accounts Receivable Automation - What Does An Old Bicycle Shop Correlate with Accounts Receivable Automation?

Artificial Intelligence, Machine Learning, the advancement of technology. How does it affect you, and why should you care?

Not too long ago, on a beautiful Saturday I went for a bike ride on a route I frequent. At mile six, there is a gentleman who has a bike repair shop that has been in the same location for as long as I can remember. I never had been in there, well, because I never needed a repair near that location. This bike ride was different, at mile five I had a blowout, no spare and quickly became desperately in need of a repair. I hiked the bike to his shop and ask if he could help. The old repair man was happy to serve me as I questioned, “Do you take credit cards?” He nodded and continued to fix my tire. He quickly finished the repair as I pulled out my credit card to pay him. That was when he pulled out an old outdated flatbed credit card imprinter that I hadn’t seen since the 90’s. Read more...

Accounts Receivable Automation Concepts for Small to Mid-Size Businesses

The ones closest to a problem sometimes avoid it the most. Small to mid-size businesses accounted a little under 60% of all sales and 55% of all jobs in the US. With that said, we all can agree that small to mid-size business are an important thread in the fabric of this country and around the world.

A business bank account is essential but may not provide all of the services needed to seamlessly integrate and create value for your business. Although you need a bank, you also require payroll, accounting, compliance, bookkeeping and risk management which must be managed. With that said, the most important aspect of a small to mid-size business finance is cash flow management. It is vital to minimize your cost and maximize automation to achieve the goal of managing data versus manually inputting or re-keying it.

Importantly, research indicates that the cost of a payment or receivable does not correlate with the size of business. Therefore, small businesses need the most access to excellent A/R automated solutions. Read more...