One of the barriers that many small- to medium-sized businesses face in fully optimizing their financial processes is the availability of sophisticated, world-class, technology solutions. While large enterprises get sophisticated, full-featured solutions, SMBs and mid-market companies are often targeted by more “lite” capabilities. But this doesn’t mean that their requirements are any less robust. They too need powerful solutions that are easy to use - especially given that smaller finance teams may not have as many specialist staff that are focused on a single process, so will need to be adept with multiple solutions.
At Emburse we believe that every company should have access to the same powerful tools, and we have a commitment to developing solutions at a platform level, which are made available across our customer base.
This is why I’m really excited about the launch of Emburse Pay - B2B Payments for Emburse Certify customers. Emburse Pay - B2B Payments enables organizations to massively reduce the amount of manual intervention required to take an invoice from its initial remittance all the way through to reconciliation. It can all be done within the user-friendly interface of the Emburse platform, enabling teams to speed up approval processes, eliminate mistakes such as re-keying or duplicate payments, and free up the AP team to focus on more high-value tasks.
As the economy continues to recover, optimizing cash flow will be absolutely critical for businesses, and Emburse Pay - B2B Payments enables mid-market AP teams to make smarter, more timely decisions about their invoice reconciliations. A single solution for the entire AP process, combined with sophisticated analytics capabilities, makes it easier to see which invoices are in the approval process and when they will be coming due, so companies can opt to conserve cash or take advantage of early-payment discounts. Shifting payments from paper checks to ACH or virtual cards can also help improve an organization's finances by increasing card rebate payments and eliminating the cost of check runs.
Emburse Pay - B2B Payments can also help streamline the invoice remittance process, so your organization has even more control over payments. Our team of consultants can provide enablement services to your suppliers to enable them to accept electronic payments. This provides more security, and gets payments in their bank accounts even more quickly. By reducing your payment costs, boosting rebates and improving your suppliers’ cash conversion cycles, Emburse Pay - B2B Payments can deliver major financial benefits across the supply chain.
Click here to learn more about the ROI that Emburse Pay - B2B Payments could deliver for your organization.