Trying to find the right ePayables, or virtual credit card, partner is tricky. It’s like shopping for a car - not only do you have to decide which make, model and year, but you also have to ask yourself if you want leather seating, automatic parking, stick shift or automatic. The decisions get overwhelming quickly. Our whitepaper offers points of consideration when you are choosing and ePayables provider. 

What to Look for in an ePayables Provider

09.28.16

Finding the Right ePayables Partner

Trying to find the right ePayables, or virtual credit card, partner is tricky. It’s like shopping for a car - not only do you have to decide which make, model and year, but you also have to ask yourself if you want leather seating, the fancy sunroof, stick shift or automatic. The decisions get overwhelming quickly.

And while we can’t help you pick out a car (although we’re happy to help you go on test drives), we can offer a few important points of consideration when you are choosing and ePayables partner.

Some example questions are –

Does your ePayables provider provide you with a dedicated implementation team?

A virtual credit card provider should also be your partner, and that impeccable communication you received while they were trying to win your business needs to continue far after the sales contract is signed. They should have a dedicated implementation team that is upfront about the workload that will be placed on your team and be there throughout the entire implementation process. Additionally, your partner should also help you with strategies for executive buy-in, vendor communication and program documentation.

What kind of reporting will you receive for you program?

Your program is in place, you’re paying those vendors and now it’s time to see how well your program is doing. Your vendor should be able to provide you information about your enrolled vendors, the amount of spend you’ve converted and the amount of rebates you have earned. The provider should not only be able to provide you with real-time information but also benchmarking information from your peers.

Are you going to read our whitepaper to learn more questions you need to discover about finding a new ePayables partner?

Yes. This is just the beginning, so click here to get more critical points you need to discuss with your potential ePayables provider