How to Launch an ePayables Program in 30 Days or Less

July 13, 2017

Written by Leslie Thomason, a Client Relationship Manager. With over 7 years of experience at Paymerang, Leslie enjoys working with clients on the front end—starting with their first implementation meeting—and with our operational teams on the back end as the voice of our customers.

As a client implementation manager at Paymerang, I’ve had the honor of showing dozens of clients just how easy it is to reduce costs, improve efficiencies and earn rebates by paying their vendors electronically. We realized early on that our clients were very busy and needed a simple and quick implementation plan—one that would allow them to earn rewards immediately. So, we got creative and reduced our process into three easy-to-manage steps.

  1. Forms and Files
    We begin by customizing our ePayables program to our clients (not the other way around), leveraging their existing internal controls and processes. The simple forms we provide take minutes to complete and capture the key processes and approvals desired by our clients. Next, we generate a payment file that can be easily uploaded to our cloud-based solution. Since Paymerang is integrated with most major accounting systems, this is a relatively easy one-time step.
  2. Vendor Enrollment
    We then move into vendor enrollment—that is, matching our clients’ vendors into our network of over 55,000 payees coast to coast. If there are any unmatched vendors, our expert enrollment team reaches out to each vendor to determine their preferred electronic payment method and captures that information in our system. The goal is to ensure vendors receive their payments quickly and accurately. From that point on, our software decisions the best way to pay these vendors and our payment operations team handles all the work to ensure each payment is perfect.
  3. Program Launch
    Once the program is set up, all it takes is a 30-minute call with our clients to process their first batch of payments. The Paymerang interface is simple and user-friendly, requiring very little training. As clients often say, “It’s surprisingly easy!”

Launching a simple, secure and profitable ePayments program can be as easy as one-two-three. After all, Paymerang does most of the work. Don’t take our word for it, check out our recent client survey:

 

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Original Source: https://paymerang.com/blog/launch-epayables-program-30-days-less/