A virtual credit card is exactly what its name says it is, virtual. Though you may not be able to hold it, it’s a small trade-off for solid security and fast invoice settlement. One of the nicest things about the virtual credit card is that your process remains almost the exact same, just no paper. A unique number is created for your card for the exact number of invoices processed at once. In less than half an hour, the supplier receives the information. Once the payment is received and accepted, the number becomes invalid and can’t be used again! With this process, making payments is easier and you enjoy a more visible payment process.
How much will I save by switching to iPayables?
Probably a bunch! A recent study suggested that most organizations pay anywhere from $3 – 13 per invoice for traditional paper invoicing. With electronic invoicing with iPayables, your invoicing cost can be reduced to $1- 3 per invoice. With the larger organizations processing tens of thousand of invoices per month, the potential savings per year can sometime be hundreds of thousands of dollars!
Do I need to install anything on my computer?
You should not need to install anything on your computer. If you are having technical difficulties using iPayables, contact your technical support group or call us at the number at the top of the screen.