Seamless and Secure Integrated Payables: Watch How it Works
June 25, 2020
According to the industry’s leading authorities, checks are the most inefficient and risk-prone method of payment. The full cost of invoice processing and payment by check is $39,[1] and attempted check fraud is rising at an alarming rate.[2]
With that degree of inefficiency and risk, organizations of all sizes are looking for the most efficient way to reduce significant overhead costs while improving security and transparency.
Watch this short video to better understand how the CPX (Commercial Payment Exchange) IP platform uses a single payment instruction file from your existing ERP to:
- Pay every supplier in your AP system, seamlessly and securely
- Deliver benefits to your bottom line
Watch this 2 minute video. Then contact us with questions or schedule a demo today!
[1] 2018 Electronic Accounts Payable Benchmark Survey, RMPG Research Corporation
[2] 2019 Deposit Account Fraud Survey, American Bankers Association.