Connect payments, invoice automation,
and your ERP into one seamless workflow
with Corcentric Payments + Financing
Corcentric’s B2B payments solution eliminates the burden of managing payments and the manual processes that slow down those payments. With electronic payments (e-payments), there is a digital transfer of payments, in real-time, directly from your ERP or accounts payable system into the supplier’s designated bank account. Invoices move from payment approval to payment disbursement faster with less manual intervention, less waiting, and total accuracy. Optimize your cash flow while building better relationships.
Are you wasting too much time on manual check runs?
How much are paper checks’ lack of security costing you?
Is your team’s best use of time answering supplier phone calls regarding payment status?
Provide 100% Visibility
With access to a simple, user-friendly status and reporting tool, both you and your suppliers will have 24/7 access to payment details, status, and remittance information.
Offer 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 Corcentric Payments Process
Integrated Payments Management
Our integrated payment service is capable of centralizing and managing 100% of your payments – checks, ACH, ghost cards, wire, and Vcards, 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 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.
Did you know?
Best-in-Class organization are 71%
more likely to use electronic payments
Paying suppliers electronically
results in 32% fraud prevention
The percentage of B2B payments