Virtual Card Vendor Payments
Transform your Accounts Payable department from a cost center into a profit center!
The majority of US businesses still rely on paying vendors with checks. According to a US Bank, checks cost $6 on average due to the labor and time involved. This doesn’t include the cost to your business missing vendor on-time and early payment discounts.
Checks are also much more highly vulnerable to fraud and misuse than virtual cards, which can be specifically designated with payment amounts tied to particular vendors.
More and more businesses and vendors are switching to virtual cards for the ease of use, fast transaction times, in-depth transaction details, and ability to remove time-consuming manual processes.
We have over 30 years of trusted experience catering to businesses with annual accounts payable (AP) over $10 million.
Say goodbye to cumbersome manual processes impeding your revenue growth.
Earn rebates of approximately 1% using this sytem when paying vendors. With an average conversion rate of over 30% of vendors to accepting virtual cards, our implementation comes at no cost–ensuring an easy and smooth transition for your business.
This solution seamlessly integrates with your existing accounting system at no extra cost, ensuring heightened security, time and cost savings, and most importantly, revenue generation with each transaction. Since vendor payments are inevitable expenses, why not capitalize on the opportunity to earn revenue from them? For instance, every $10 million in virtual payments could yield an additional $135,000 in bottom-line revenue.
Key Benefits
- Enhance revenue through vendor payments.
- Improve security with Virtual Payment technology.
- Streamline efficiency in payment processes.
- Seamlessly integrate with existing accounting systems.
- Generate additional revenue with transactions.
Unlock revenue potential, enhance security, and streamline efficiency with our innovative Virtual Payment technology.
Why Choose Us:
Transform your payment processes, boost revenue, and enhance security with our cutting-edge Virtual Payment technology.
We save you money, or you don't pay.
It’s that simple.
Below are just some of the industries we serve.
Platinum Savings Group provides tailored solutions that meet your specific needs.