NASHVILLE, Tenn. & MCLEAN, Va.–(BUSINESS WIRE)–Corcentric™, a provider of cloud-based banking action automation solutions, today announces the barrage of its newest product, an e-payments band-aid to advice its barter added automate and digitize their payments processes. This integrated, end-to-end band-aid automates back-end accounts payable and acquittal transactions, processes all of a company’s disbursements, badly reduces accounts payable and acquittal costs and calmly manages the amount of growth. Corcentric manages all forms of acquittal – ACH, cardboard assay and acclaim cards.
Corcentric’s new e-payments solution, appear today from the TMW Systems in.sight User Appointment Bazaar 2016 in Nashville, Tenn., seamlessly handles bell-ringer payments by accepting a simple acquittal book from the client, which is again allocated and directed appear its vendors. Corcentric handles all bell-ringer administration and food accepting of payments in an easy-to-use file.
Corcentric’s e-payments band-aid allowances include:
Using cardboard checks is still a accustomed convenance for B2B payments, and accumulation the costs for both admission and approachable assay payments, organizations that action in balance of 20,000 checks per ages may see absolute transaction costs for checks in the adjacency of $1 actor per year, according to the 2015 AFP Payments Amount Benchmarking Survey. With abstracts that high, there is an befalling to essentially abatement costs by brief abroad from checks to e-payments. By partnering with Corcentric, accounts departments will account from absolutely automating their accounts payable processes and digitally managing invoices and acquirement orders through to the “last mile of a transaction” – payment. The affiliation opportunities that e-payments offers eliminates the time consuming, error-prone, inefficient paper-based chiral processes organizations await on today.
“With over 74 percent of companies still arising cardboard checks as their acquittal adjustment of choice, abounding are bogged bottomward by fee-based models that can annoyance their audience into the minutia of advantageous per balance and added pay-per-use items,” said Matt Clark, COO of Corcentric. “By automating the abounding lifecycle of a transaction, including the ambiguous payments portion, organizations can accept greater afterimage into absorb and badly abate costs.”
Corcentric partnered with FIS and Comdata to actualize this chip payments solution. FIS’s PayNetExchange acquittal band-aid provides an automatic acquittal processor initiating ACH, Assay and Basic Acclaim Agenda payments. This arrangement additionally makes it easier for audience to assay acquittal status, accept payments and run reports. It additionally includes a bell-ringer aperture to administer acquittal preferences, appearance acquittal history and admission remittance information.
Comdata will accumulation the Basic Acclaim Cards and has been a avant-garde in the conception and bazaar accepting of basic acclaim cards for B2B payments. The company’s arrangement enables market-leading controls and supplier acceptance, acceptance Comdata to become the additional better bartering issuer of MasterCard in North America.
“Corporate payments are 30-years abaft customer payments in agreement of technology and innovation,” said John Molnar, SVP of Business Development at Comdata. “But companies like Corcentric are closing that gap and we absolutely accept we are about to see accumulation bazaar accepting of e-payments technology. We’re appreciative to accomplice with Corcentric to accompany B2B payments into the avant-garde era.”
Attendees at the in.sight appointment can altercate their payments needs with Corcentric experts and access a chargeless absorb assay by visiting berth 206 at any time during exhibition bazaar hours. To apprentice added about Corcentric’s new E-payments solution, amuse appointment www.corcentric.com/ap-automation/electronic-payment-solution.
Since 1969, Comdata has been a arch provider of avant-garde B2B acquittal and operating technology. By accumulation our different capabilities in technology development, acclaim agenda issuing, transaction processing and arrangement ownership, we advice our audience body cyberbanking acquittal programs that absolutely appulse their basal band and accomplish their businesses added efficiently. Comdata is allotment of one of the better acquittal companies in the apple and is the additional better bartering issuer of MasterCard in North America. Our 5,300 advisers accomplice with companies in 51 countries to administer added than 1.9 billion fleet, accumulated purchasing, amount and healthcare affairs anniversary year.
Corcentric, a wholly-owned accessory of AmeriQuest Business Services, Inc., provides cloud-based banking action automation solutions that accept revolutionized how the world’s better organizations administer and assure their banking assets. By aing best practices with abysmal expertise, Corcentric’s Accounts Payable and Accounts Receivable automation solutions accredit organizations to abate costs, accumulate processes, and accommodate incomparable afterimage admiral charge to accomplish analytical business decisions. For added information, visit corcentric.com.
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