The Top 5 Reasons to Choose Remote Payment Services

As mentioned in the previous blog, payment outsourcing can be a powerful way to eliminate many of the issues modern AP departments face. 

With all the options available to you - check printing services, fintech services, or bank programs - why would you choose Mekorma Remote Payment Services? Watch the video or read the transcript below for the top 5 reasons.

Watch the Video

VIDEO TRANSCRIPT

Why choose Remote Payment Services for your business?  Here are a few primary reasons:

1. You’re ready to reduce or even eliminate paper-based payments, but you don’t want to lose the ability to print in-house checks. Check printing can be time-consuming, expensive, and inefficient. Using Mekorma’s solution means you have the flexibility to reduce the time and financial costs of continuing to print, fold, stuff and mail your own checks.
2. You want the flexibility to pay your vendors with electronic payment types, but you don’t have the bandwidth to reach out and collect all the information needed – it takes a lot of phone calls and emails, and you’re team is handling very sensitive information. With Remote Payment Services, our partners will pay your vendors by check, ACH or virtual card. And their team will do all the outreach to onboard, continuously enroll, and maintain your vendors’ banking information.
3. You want to save your AP staff from burnout and empower them to contribute more value to the organization. Many of you are annoyed - or even driven crazy by the fact that your AP staff is spending so much time generating, signing, and sending checks. The truth is, people want to do more interesting work and there are strategic tasks that they can be trained to do.
4. You want an even stronger defense against payment fraud than your typical internal controls. Whether it’s check fraud or business email compromise, you have to be very conscious of potential threats to your organization’s cash. With the Mekorma solution, you can approve payments in Dynamics GP or Dynamics 365 Business Central before sending them to the provider for processing. This will keep your workflow visible in your ERP. Additionally, our partners take on the liability for all payments sent through their platform. That means your business is off the hook for any committed fraud.
5. You will see the benefit in a virtual card program. With our services, you’ll get rebates generated from the payments made by virtual card. For most of our customers, this means you’ll most likely see more money in rebates than you pay for the services. And that means revenue coming back into your organization!

To sum it all up, Remote Payment Services reduces Account Payables workload, processing costs, and the potential for fraud. And it helps you gain efficiencies, with a potential revenue stream. 

 

Interested in the benefits of AP payment outsourcing? 

Get in touch with us now for an ROI report.

We’ll analyze your AP spend, time spent processing AP, and where you will see the greatest benefit.

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