Integrated Payables
As a financial leader, you recognize the value of efficiency and streamlined operations. That's where integrated payables come in. Integrated payables essentially consolidate all your payment procedures into a single, centralized system. This encompasses everything from billing and payment operations to payroll to vendor management.
Whether you're leading a small business or a large corporation, Integrated Payables can transform your Accounts Payable away from manual processes to a profitable automated solution. Integrated Payables is a web-based payment platform that can execute AP payments such as ACH, wire, check and virtual card, through a single payments file from your accounting or ERP system.
What Can Integrated Payables Do for Your Business?
Optimize Your Payment Processes with Integrated Payables
Integrated Payables is a game-changer for financial leaders because it provides a seamless integration to your accounting or ERP system for frictionless payment processing for businesses of all sizes.
Payment execution services include:
- Traditional check printing and delivery in a secure facility.
- Migration of vendors through targeted campaigns to electronic payments such as ACH, wires, and virtual cards.
- Payments are optimized by electing the most efficient payment method accepted by the vendor.
Integrated Payables Vendor Enrollment & Support
Integrated Payables Frequently Asked Questions
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Yes, TowneBank Integrated Payables uses virtual cards for credit card payments. This method allows the payer to issue a specific card number for one-time use to each vendor for a specific value. Not only is this a highly secure method, but virtual cards come with the added benefit of monthly rebates. Rebates from virtual card payments can turn a cost center into a revenue center.
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Yes, the TowneBank Integrated Payables solutions supports domestic ACH payments.
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Yes, the TowneBank Integrated Payables solutions supports domestic and international wires.
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Customizable reports are created and generated for either a one-time use or future reporting. The custom reports process includes specialization options such as managing visibility to others and scheduling to automatically regenerate at a specified cadence for continual monitoring and analysis.
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Yes, TowneBank offers a web-based, integrated payments platform that can take a payment file from your accounting software and execute AP payments as ACH, Check, Virtual Card or Wire through a single online portal.
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With Integrated Payables, you can provide direction and we'll print and/or mail checks to your desired location. Checks can be mailed to recipients within or outside the United States. We even create Positive Pay check issue files to prevent fraud.
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- Work Optimization- Reduces cost of manual payment processes.
- Centralizes Expenses- Streamlines the payment process.
- Minimizes Risk- Provides protections by leveraging technology to automate costly and less secure manual payment processes.
- Improves business reporting management.
- Increases revenue- Monetize payments by shifting from costly checks to digital solutions that offer rebates and rewards.
Normal credit approval criteria apply.