When vendors accept card payments, everyone benefits. Follow these 7 tips for vendor enrollment so that your suppliers will accept epayments via commercial card.
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7 tips for successful vendor enrollment
1. 1 C r e a t e a p r o j e c t p l a n .
Identify what you want to accomplish through the
vendor enrollment effort. Document benefits for your
organization and benefits for your vendors. Assign
tasks and set timelines for completion.
2 H a v e a p r o j e c t c h a m p i o n .
For the project to be successful, you need a leader to
champion the effort throughout your organization,
particularly to generate enthusiasm in those
employees who communicate with vendors.
3 G e n e r a t e y o u r v e n d o r l i s t .
Create a list of all vendors who should be enabled on
the EAP system.
4 C r e a t e c o m m u n i c a t i o n s .
Create consistent communications that reflect how your
vendors will succeed by enrolling. Communications
should include an initial letter to the vendor followed by
scripts for follow-up calls to each vendor.
5 I n i t i a t e v e n d o r o u t r e a c h .
Following your project plan, mail the initial outreach
letters to each vendor and assign individuals to follow
up with each vendor by phone to confirm receipt of the
letter and answer any questions vendors may have
about enrolling.
A critical component of electronic accounts payable success
includes making sure your vendors are enabled on the
system to accept e-payments.
Are you prepared to tackle vendor enrollment?
A n s w e r v e n d o r q u e s t i o n s .
When you conduct follow-up calls with your vendors, be
sure to answer any questions they have about enrolling
to accept e-payments. A key component of this is
ensuring vendors understand the benefits for their
organization.
M o n i t o r v e n d o r l i s t .
To ensure continued success, make sure to monitor your
vendor list going forward. You should reach out to new
vendors as they come on board, and periodically touch
base with vendors who may have initially declined vendor
enrollment.
A b o u t A O C S o l u t i o n s
A veteran-owned business founded in 1996, AOC Solutions is a leader in
commercial payments technology. We also provide dedicated vendor enrollment
services. Contact us to learn more about how we can help you succeed.
www.aocsolutions.com | aocsales@aocsolutions.com | 703.234.6300, Option 2
Copyright 2015 AOC Solutions Inc. | All rights reserved | 10/2015
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7 TIPS FOR SUCCESSFUL
VENDOR ENROLLMENT