Supplementing Your Eroding ePayables Program

Have you seen your electronic supplier settlements plateau, or even erode? The fact is that many payment services providers do not support their clients' programs after the initial supplier onboarding push. One way to overcome supplier erosion is to supplement your current ePayables program with an additional payment services provider.…

Improving Supplier Relationships Thru ePayables

Many hospitals worry that they will harm supplier relationships by forcing suppliers to incur credit card transaction fees. This is simply not the case. Every supplier has their own individual needs, and many are willing to incur transaction fees to have those needs met. Needs such as: being paid early,…

Rejuvenate Your Forgotten ePayables Program

A few years ago, many hospitals dove into the electronic payments environment. They used their bank partners as a stepping stone into ePayables; many believing they would achieve high supplier enrollment. Unfortunately, those bank ePayables programs put little effort into supplier engagement. Consequently, many hospitals’ ePayables programs never reached a…

Think Your Revenue Cycle is Your Only Source of Income? Think Again!

Your accounts payable (AP) process provides fertile ground for new sources of revenue and cost saving. To maximize the revenue generated by your AP department, you should be able to answer “yes” to the following questions: Do you take advantage of commercial-card rebates when making supplier payments? Do you have…

Third Party Supplier Onboarding Increases Electronic Payments

Supplier participation is the key to a successful electronic payment (ePayables) program. Unfortunately, many banks and payment solution providers severely underperform in supplier onboarding, which consequently leaves the burden of supplier onboarding on the hospital. Yet selling suppliers on the benefits of ePayables is not one of the core competencies…

Leveraging a Payment Solution Provider to make ePayables Easy and Effective

The primary role of electronic payments (ePayables) is to improve the efficiency of the payables process. However, if the management of ePayables is a time consuming task for your AP clerks, it begs the question—are ePayables more or less efficient than paper checks? The answer is yes, if you…