We spoke with some of our customers and asked them the top ten reasons they selected DTI and vCards to automate their vendor payments. Here’s what they told us:
- Rebates are by far the biggest factor in adopting vCards and payment automation
- Eliminates dealing with paper checks, bank deposits, and bank check processing fees
- vCards are faster, more secure and reduce exposure to check fraud
- Vendors like it because automatic cash deposits are made into the vendor bank accounts
- Less work for AR and AP teams: No more dealing with lost or stolen checks
- Streamlines processes and gives AP teams back time
- Zero cost transaction (paper checks cost a lot to print and mail)
- Zero chance of internal or external fraud
- Transactions clear faster than checks in the mail
- Cashflow and visibility into cash requirements.
Designed as a more secure alternative to ACH and paper check payments, virtual cards (or “vCards”) are one-time-use credit card numbers.
vCards can be processed by anyone who accepts traditional credit card payments. When used by AP teams in businesses like manufacturing, finance, construction, insurance or really any business that pays suppliers, vCards can be a real game changer.
