When you have the power to initiate electronic payments to your suppliers, you can reduce duplicate payments and errors in transaction amounts, optimize your organization’s cash flow and even extend your Days Payable Outstanding. And you have added security because your suppliers never see your card number, since you control the transaction.
Since you control when and how payments are made, you can ensure that the payment amount always matches the invoice amount. And by reducing the number of check payments and related administrative expenses, you can reduce your AP costs and save staff time. In addition, the data and the payment are electronically transmitted to your supplier together for improved AP and AR processes.
Fraud is a critical issue in today’s complex payment environment, and preventing fraud is top of mind for organizations of all sizes. When you control the transaction with buyer-initiated payments, your suppliers never see your card number, which decreases the potential for payments fraud. In addition, you can rest assured knowing you’re partnering with 3DSI, a certified payment provider under the Payment Card Industry Data Security Standard (PCI DSS).
When considering a buyer-initiated payments solution, it’s important to find one that integrates with your existing Enterprise Resource Planning and accounting systems — whether you use SAP, Oracle, JD Edwards, Microsoft or another ERP. And you also want a solution that doesn’t require you to install new applications or purchase new hardware. At 3DSI, our buyer-initiated payments solution does all this and more. Plus, we process all major card brands, including Visa, MasterCard, Diners Club, American Express, Discover and JCB.
You’ve got questions and specific needs. We can help. Our team will consult with you about the best way to save you money and make your processes most efficient. And once you’re up and running, you’ll have phone or email access to our U.S.-based customer support team 12 hours a day and round-the-clock IT support — all at no additional cost.