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The Benefits of Accepting Virtual Card

In today's ever-evolving digital market, it's unsurprising that the trend toward digital transformation, such as the acceptance of virtual cards, significantly enhances an organization's efficiency, security, and customer satisfaction. Read more about the benefits of Virtual Cards and other B2B payment options and the numerous ways they can help your business.

Webinar

How Digital Payments Benefit Your AR Team

The payment landscape is evolving quickly. Rapid change can present your AR team with an array of challenges, which is why we’re excited to invite you to join Evan Hall and Greg Evershed, two of Bottomline's in-house payments experts, on June 13th at 2:00 pm EST to discuss “How Digital Payments Benefit Your AR Team.” Evan and Greg will take you through the world of current-day digital payments and offer insight into how your business can bypass traditional checks and effectively mitigate potential fraud. You’ll also see the benefits of digital payments versus conventional check systems, including a closer look at how choosing a best-in-class payment network can significantly enhance your team’s speed, efficiency, and overall financial operations. 

Resource: Datasheet

3 Core Benefits of Accepting Virtual Card

It’s no secret that there are numerous benefits that virtual cards can bring to your accounts receivable team, even if you have an established payment mix. These advantages extend beyond just AR, giving your customers a boost in speed and security that encourages them to pay you via this fast payment type. Virtual cards can accelerate transactions, leading to quicker processing and reduced turnaround times. This efficiency can significantly enhance your business operations and boost productivity. 

If you aren’t already, leveraging the speed, security, and data-driven advantages of accepting virtual cards through Paymode is crucial. These payments offer robust security measures that guard against fraud, including single-use codes. By capitalizing on these benefits, your business can gain an edge in processing time and simplicity you could not enjoy before. 

Customer Story

Paymode Makes Accounts Receivable Better: A Customer Story

We reached out to several of our vendor customers to find out more about why they love Bottomline’s Paymode, and an overwhelming number of them said it came down to efficiency, security, and visibility.

Given the challenges of slow payments, error-prone manual processes, lack of remittance advice, high volume of checks, and payment fraud, it's no surprise that Paymode’s streamlined, easy-to-use features are helping AR teams improve their efficiency. Over 80% of these organizations preferred it to other solutions for receiving remittance.  Furthermore, most customers reported over 50% faster accounts receivable processing times, while 50% said it improved key metrics by more than half.

RESOURCE: INFOGRAPHIC

Understanding the Benefits of Paymode B2B Payment Types

When it comes to the various B2B payment types and your business, it's crucial to select swift, efficient, and secure methods. This streamlines financial operations and fosters trust and reliability with your vendor population and internal teams.  

In this infographic, you’ll learn more about payment options ranging from Virtual Card to ACH, with a brief breakdown of each payment type's benefits and core functionality for your business and your customers. This knowledge will empower you and your team to make informed decisions about the payments you accept. Additionally, it can help you capitalize on the strengths of specific payment types. Ultimately, our aim is to give you the information you need to determine which payment types best suit your business needs.

STRUGGLING WITH CASH VISIBILITY

Cash Management: Put Your Cash to It's Best Use

Managing cash flow continues to be the utmost priority for businesses of all sizes and is expected to maintain its importance in the upcoming 12 months. Explore how digital payments are revolutionizing the way businesses manage cash flows. Learn more about which key trends are reshaping the financial landscape, from automation to digitization, and understand their impact on your operations. Learn from industry experts as they share insights and predictions about the trajectory of cash management. This eBook is an essential resource for any team looking to stay ahead.

If you're interested in learning more about Cash Management, visit this page to learn about the benefits or request a free demo. 

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