AP automation is not the same as payment integration.
After making a significant investment of time and resources in AP automation, an organization may experience buyer’s remorse when they discover their suppliers are not willing and able to accept various forms of electronic commercial payments.
But at Priority, identifying and activating suppliers is our core competency, powering our truly Integrated Payables solution.
Better Acceptance Rates, Better Results
Making Acceptance Easier
Suppliers are more open to electronic payment acceptance with simplified steps and guidance from our expert spend consultants and activation specialists.
Using a Proven Approach
Our analytic tools promote activation because we can demonstrate how our card solutions will improve your supplier’s AR efficiency, lower their risk and increase their sales volume with higher acceptance thresholds.
Leveraging In-House Capabilities
Our dedicated in-house underwriting and risk management provide assurance that transactions will happen within the agreed parameters at the best available interchange rates.
Our Supplier Activation team integrates the payment process through four main phases, utilizing a unique, individualized approach to gain your suppliers’ acceptance.
To build your framework for success, we deliver a detailed analysis of your spend file that includes a match process against card networks and our proprietary database. We’ll recommend a strategy for achieving the highest level of payment automation, discounts and cash-back incentives possible.
The second step identifies the criteria for successful supplier participation.
Priority provides the vision and strategy needed to define and deliver the meaningful, measurable value that drives supplier activation.
Priority provides services to card networks and dozens of other leading financial institutions, enabling billions of dollars in commercial payments each year.
Our Supplier Activation team leverages the strength of this expertise and network to on your behalf to establish optimal payment methods and terms with your suppliers. Our goal is to maximize cash flow, rebates and incentives for you. At the same time, we help suppliers achieve their goals for gaining efficiency and keeping their transaction costs low.
The best time to gain preferred payment acceptance is at the beginning of a new supplier relationship.
Our Supplier Activation and Enablement service provides a real-time communication mechanism from your procurement department to our Supplier Activation team, so we can drive an immediate program boost as new supplier relationships are established.