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Frequently Asked Questions

Benefits of Virtual Payables

  •  Requires limited changes in current AP processes 
  •  Eliminates manual processing associated with ghost cards
  • Exact Authorization provides payers with greater control of the payment by restricting the amount the supplier can process, down to the penny.
  • Reduces fraud exposure
  • Financial benefit through improved working capital and cash flow visibility
  • Efficiencies gained in accounts payables through elimination of paper checks and reduced vendor follow- up
  • Improved supplier relationships while maintaining controls in purchasing processes 

Buyer Value

  • Improve daily working capital and increase cash flow
  • Eliminates inefficiencies of paper-based payments

Supplier Value

  • Expedite AR Trade collections and spend less time chasing payment
  • Cash flow is more predictable 

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