Just published: Supplier insight study on virtual card adoption trends.
The AI-driven virtual card solution
SmartPay intelligence is a win-win technology for virtual cards that pays suppliers early, protects your working capital and maximises rebates
Averaged over your entire Accounts Payable book
Suppliers get paid ~45 days earlier than traditional virtual cards, for the same fee
No need to settle until your card statement becomes due
You increase your DPO and rebates
Suppliers decrease their DSO
SmartPay uses your ERP data to make payment decisions as early as possible without impacting your working capital
No change to your existing invoice approval processes, our AI works alongside your team
Use your line-of-credit and AI to create value for you and your suppliers that increases program size and popularity
Virtual cards can be a great solution for buyers that want to simplify their payment handling for small to medium sized suppliers. SmartPay technology makes the supplier proposition more attractive, they still pay the card fee but get paid earlier as well.
Convert expensive payment methods to cards that yield a rebate
Each invoice is assesed and a payment decision made within seconds
Use dynamically generated, unique account numbers with layers of controls to secure your supplier payments. No need to hold and manage supplier bank account details.
Our AI checks if future adjustments are likely, and also forecasts if we can auto-recover funds if an invoice is disputed or changes.
Duplicates, misallocation and incorrect or invalid entry/due dates
OCR or data entry error rates
Whether an invoice's characteristics fit this supplier
Default risk and clawback/offsetting contingency in case of adjustments
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