We have come to an advanced leg in our AP automation journey. The European Union has drafted legislation to encourage its member countries to implement electronic payments between the public sector and its suppliers by November of this year. The resulting economic savings are reported to reach up to 2.3 billion euros.
As a full-service payment solutions provider, EML can accommodate practically any payment method to become your single provider of payment solutions. In general, Supplier Payment Optimization utilizes several different payment methods, including paper checks, ACH, and virtual cards.