Payment Automation & Optimization

Optimize B2B Payments with Active Payments

AP Automation goes hand-in-hand with Payment Automation & Optimization. Two of our core applications automate Accounts Payable transactions include Active AP and Active Payments. Active AP automates and streamlines the payment of invoices through the approval process (Ready to Pay). Active Payments enables payment optimization, execution, and reconciliation through bank processors (Optimize and Pay), enables ePayments and mobile pay.

The potential benefits of cost savings, dynamic discounts, and rebates that payment optimization brings to an organization
can drastically change the success and ROI of a business. If you’d like to gain a better understanding of how to capitalize
on these savings, and get an estimate of how much your organization could be saving/earning, then check out our
savings calculator by filling out the form below.

Optimizing Payments

Processing B2B payments is complex and costly. Many organizations receive high volumes of invoices each month against thousands of different suppliers, each with preferred or limited methods of receiving payment.

Without clear visibility into payments and the flexibility to choose how and when payments occur, organizations risk high processing costs in the form of increased expenses and foregone savings.

Active Payments automates and optimizes the payments process. It learns the ever-changing status of the types of payments suppliers accept, where to send them, what format to send them in, and to whom they should be sent. It tracks and secures sensitive bank account information and routing numbers. Through a single interface, decisions can be made to choose the best type of payment (e.g. ePayments – ACH, vCard) grouping of payments, and timing of payments to reduce cost as well as maximize discounts and early payment options.

Active Payments’ ability to collect, maintain, and securely store supplier information is the key to automating and optimizing B2B payments and even allows for more visibility and control with mobile pay via our mobile application: Active Mobile.

Our Supplier Network

With ActiveWorx, you’ll have access to an extensive supplier network to facilitate payment optimization on an ongoing basis. We’ll recruit, manage, and maintain our network so that you can take advantage of the most beneficial payment acceptance types of your suppliers.

Saves Time, Saves Money, Improves Supplier Relationships

Active Payments provides the ability to manage different types of payments with the key objective of paying by the method which offers the lowest cost and the highest value (payment optimization). ActiveWorx will execute payments on behalf of our clients taking advantage of the optimal processing fees charged by the bank or card issuer.

Average Processing Fees Charged by Banks and Card Issuers Vary According to Payment Type Below.
ActiveWorx will Optimize the Fees They Charge on Behalf of Our Clients.

CHECK

ACH

WIRE

VCARD

With Active Payments you can:

Optimize the payments process to greatly reduce cost

Increase revenues with card payments

Create visibility in the payments process

Support multi-country, multi-currency payments

Minimize Fraud

Streamline the reconciliation process

Outsource check printing & mailing

Manage exceptions

Bring AP, transactions, and payments into a single workflow

Ensure compliance with “Know your Customer”

Automate processes consistent with compliance policies

Improve vendor management

For those organizations who still pay suppliers with checks, ActiveWorx offers outsourced check print & mail services at a fraction of the cost to produce in-house, while providing a path to fully electronic payments and lower transaction costs.

Want to learn more about Payment Automation? Watch our Webinar!

Ready to get started?

Contact us about your business process automation needs or to schedule a demo.

484-446-3300 | info@activeworx.com