Reduce Checks: Increase Electronic Supplier Disbursements

Reducing the check payments to your organization's suppliers doesn't need to be an overwhelming project. You can easily cut check payments by 30%-40%, at no cost, by partnering with good payment services provider. Such a provider will contact your suppliers and offer them a variety of electronic payment options…

EDI isn't Invoice Automation

Invoice automation solutions that only offer EDI cannot create a paperless AP environment. There will always be a portion of suppliers that will insist on submitting paper invoices. To create an efficient AP environment, you must be able both digitize those paper invoices and integrate them with EDI invoices into…

Don't Fear Point of Sale

Many hospitals could significantly increase their electronic payments program if they allowed certain suppliers to be paid at the point of sale. We have found that the average growth hospitals can achieve with POS is 20%. The key is to leverage an integrated payment platform that incorporates POS. An integrated…

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…