As technology has advanced over the recent years, cutting-edge finance leaders have started focusing on optimizing their payments programs and turning it into a strategic asset, rather than a cost center. This is done by focusing on reducing expense processing costs and being deliberate about how and when to pay vendors, employees and reimbursements. 

Benefits of a Comprehensive Payment Solution

02.22.18

As technology has advanced over the recent years, cutting-edge finance leaders have started focusing on optimizing their payments programs and turning it into a strategic asset, rather than a cost center. This is done by focusing on reducing expense processing costs and being deliberate about how and when to pay vendors, employees and reimbursements.

In a recent article, Payments Optimization: The Art of Leveraging a Comprehensive Payments Program, by Ernie Humphrey of Treasury Careers, he discusses various payments solutions that can help companies design, implement and manage a comprehensive program to help make payments optimization come to fruition.

The article touches on the various core products of a comprehensive payments program, including AP Automation, Corporate Card Programs, Travel Expense Management and Workforce Payments Solutions.

 

Comprehensive B2B Payment Solution Set

Each solution can offer a variety of benefits depending the organization’s current setup of their systems, process and people, the quality of relationships with suppliers, and the appetite for change within the organization. Check out the full article to learn more about the benefits of optimizing your payments program and view various checklists you can use to leverage for the investment in the above programs.