The Corcentric e-Payments Process
Our bill payment software digitally transfers payments, in real time, directly from your ERP or accounts payable system directly into the supplier’s designated bank account, resulting in more advantageous payment cycles, a significant reduction in fraud, and improved relationships with suppliers. Corcentric’s e-payment system accommodates a variety of payment methods, including ACH, V-cards, and checks.
Automate your payment process
Corcentric’s billl payment software eliminates the manual processes that slow down business-to-business payments. Invoices move from payment approval to payment disbursement faster with less manual intervention, less waiting, and total accuracy.
Cut down on needless data entry and save time eliminating manual check runs with payment automation.
Paper checks are fraught with security issues. Real-time payments for B2B transactions keep everyone safer.
Real-time bank transfers mean faster payments, maintained due dates, and less time on calls explaining what went wrong.
An e-Payment Platform with 100% Visibility
With access to a simple, user-friendly status and reporting tool, both you and your service providers or suppliers will have 24/7 access to online payment details, status, and remittance information.
Offer More Payment Options
We work with your suppliers to resolve issues and move them to more secure electronic payment options, like ACH and V-cards (virtual credit cards). The ease of use and frictionless implementation contribute to a better customer experience.
Integrated Payments Management
Our integrated payment management software is capable of centralizing and managing 100% of your payments – checks, ACH, ghost cards, wire, and V-cards, including the ability to provide payments in 18 countries and 140 currencies.
Accelerated Supplier Payments
Optimizing working capital is top of mind for both buyers and suppliers. Taking advantage of supply chain financing helps large and small businesses alleviate cash flow pressures while giving your suppliers an opportunity to receive early payment on their invoices. Leverage Corcentric’s supply chain finance programs to improve supplier relations with accelerated payments.
Electronic payments make the difference
Best-in-Class organizations are 71%
more likely to use digital payments
Paying suppliers electronically
results in 32% fraud prevention
The percentage of B2B payments