Blog

Covering the latest in card program and payment trends - including tips, tricks, innovation, news, industry insight and much more.

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The 6-Step Strategy to a Successful Virtual Card Implementation

Posted by Mark Brousseau on Mar 20, 2018

Virtual cards are on the agenda for more finance professionals. And for good reason. 

Paying suppliers with a virtual card enables buyers to reduce costs, mitigate risks and generate lucrative monthly rebates or rewards on payments made by card.  Suppliers benefit from secure payments, self-service reporting, and streamlined reconciliation of payments and open invoices. 

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Topics: Supplier Payments, Virtual Cards, Commercial Payments

Eeny, Meeny, Miny … NO!

Posted by Mark Brousseau on Mar 09, 2018

Paying more suppliers electronically is likely near the top of your department’s to-do list for 2018. 

Institute of Finance and Management (IOFM) reports electronic payments – not invoice processing automation – is the top automation priority of accounts payable professionals.

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Topics: Supplier Payments, Virtual Cards, Commercial Payments

Uncovering the Hidden Costs of Paying Suppliers with Paper Checks

Posted by Mark Brousseau on Feb 07, 2018

Paying suppliers with paper checks is a costly proposition. 

The median cost of sending a paper check is $3.00, compared to a median cost of $0.29 to send an Automated Clearing House (ACH) payment, per the Association for Financial Professionals (AFP).

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Topics: Supplier Payments, Commercial Payments, Virtual Payments

Payment Solutions: Supplier Payment Optimization

Posted by Doug Seaberg on Aug 18, 2017

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.

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Topics: Supplier Payments, Card Programs, ACH, Remittance, Rebates, Virtual Cards, EFT, Accounts Payable, Commercial Payments, Virtual Payments, B2B Payments