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NAPCP EML AP Payment Automation
The document presents an overview of EML's payment optimization services tailored for the digital economy, highlighting their innovative solutions for managing payouts and supplier payments. It emphasizes the importance of transitioning to digital payments, the cost savings from optimization, and provides steps for companies to engage with EML. Additionally, it outlines EML's credentials, including their extensive experience and certified standards in the payment industry.
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NAPCP EML AP Payment Automation
- 1. EML PAYMENT OPTIMIZATION BRINGINGYOUR PAYMENTS INTO THE DIGITAL ERA Presented for NAPCP, the National Association of Purchasing Card Professionals
- 2. Doug Seaberg Business DevelopmentDirector Today’s Presenter
- 3. Agenda • The Digital& Paperless Economy • Payment Industry 20 Year Transition • Payments with Optimization • Adopting Payment Optimization • Call to Action
- 4. EML offers innovativepayment technology solutions for payouts, gifts, incentives and rewards, and supplier payments. We issue mobile, physical and virtual card solutions to some of the largest corporate brands around the world, processing billions of dollars in payments each year. Click below to visit us: • Certified processor and program manager • Managing more than 850 card programs for 500+ customers • In-house 24/7 multilingual customer service • 14 years of payment experience • Certified by Visa®, MasterCard® and Discover® • PCI compliant and SSAE-18 certified • Secure platform with 99.99% uptime • In-house development team • In-house, experienced supplier relationship managers www.emlpayments.com About EML
- 5. WE LIVE INA DIGITAL & PAPERLESS ECONOMY © 2017 Store Financial Services UK, Limited
- 6. WHY HAVE SOMANY COMPANIES FOUND SUCCESS BY GOING DIGITAL? DIGITAL IS EASIER, CHEAPER AND MORE RELIABLE © 2017 Store Financial Services UK, Limited
- 7. Invoice Automation Online Banking Payment Optimization GOING DIGITAL INTHE PAYMENT INDUSTRY A 20 YEAR TRANSITION TO DIGITAL Cloud Based Accounting (ERP) © 2017 Store Financial Services UK, Limited
- 8. WHAT CAN ADIGITAL PAYMENT PLATFORM DO FOR YOUR COMPANY? © 2017 Store Financial Services UK, Limited
- 9. “EML helped memove to 100% electronic payments while cleaning up my supplier data and optimizing payment terms.” Billy Self, President Warehouse-Pro W A R E H O U S E - P R O © 2017 Store Financial Services UK, Limited
- 10. SINGLE PAYMENT FILEMONTHLY REVENUE COST SAVINGS A SINGLE-FILE PAYMENT SYSTEM THAT WORKS FOR YOU THE NEW DIGITAL PAYMENT PLATFORM © 2017 Store Financial Services UK, Limited
- 11. PAYMENTS WITHOUT OPTIMIZATION THEANALOG PAYMENT LANDSCAPE © 2017 Store Financial Services UK, Limited
- 12. Accounts Payable Process Payments Finance Budget,Audit, Tax Treasury Manage Cash Flow WHO DOES WHAT IN TODAY’S PAYMENT INDUSTRY ROLES AND RESPONSIBILITIES © 2017 Store Financial Services UK, Limited
- 13. THE THREE MOSTCOMMON HURDLES FOR OPTIMIZATION THE ROADBLOCKS TO OPTIMIZATION PAST EXPERIENCESCOMPLACENCYEDUCATION © 2017 Store Financial Services UK, Limited
- 14. * 2015 ElectronicAccounts Payable Benchmark Survey Results $31 USD per transaction $9 USD per transaction Traditional Check Payment Digital Payment SUPPLIER PAYMENT WITHOUT OPTIMIZATION COST PER TRANSACTION OF AVOIDING CHANGE © 2017 Store Financial Services UK, Limited
- 15. Payment Methods Created ByThe Banking System THE RISE IN NON-BANK PAYMENT PROVIDERS PAYMENT METHODS VS PAYMENT SERVICES Payment Services Created By Non-banking Partners ACH MERCHANT ACQUIRING CARDS CHECK WIRE GIFT CARDS ONLINE CHECKOUT P2P PAYMENTS © 2017 Store Financial Services UK, Limited
- 16. ADOPTING PAYMENT OPTIMIZATION FINDINGA PARTNER IN DIGITAL PAYMENTS © 2017 Store Financial Services UK, Limited
- 17. MAKING DIGITAL PAYMENTSWORK THE SERVICES A PARTNER PROVIDES Supplier Payment Portals Ongoing Supplier Support Supplier Enrollment 1099 Filling Payment Reconciliation Escheat Management Industry Compliant Payment Delivery © 2017 Store Financial Services UK, Limited
- 18. SINGLE PAYMENT FILEPROCESS THE SIMPLICITY OF PAYMENT OPTIMIZATION Supplier Amount Supplier ID Joe’s Coffee $1,067.58 2345567 Supplies & More $3,765.42 7487479 Warehouse Storage $275.13 3456536 Morton Holdings $1,864.16 3357363 Joe’s Coffee Supplies & More Warehouse Storage Morton Holdings © 2017 Store Financial Services UK, Limited
- 19. THE FIRST STEPTO OPTIMIZATION IDENTIFYING YOUR POTENTIAL “Is your payment type appropriate for your supplier relationship?” Joe’s Coffee Amount Due: $1,056.43 Current Payment Method: CHECK Our Records Indicate That This Supplier Accepts Virtual Cards From Other Buyers ! CONVERT Potential Annual Cost Savings: $372 © 2017 Store Financial Services UK, Limited
- 20. CALL TO ACTION– 4 STEPS How Can You Get Started Today? © 2017 Store Financial Services UK, Limited 1. Schedule a 30 minute call with EML to discuss your specific situation 2. Submit your master supplier file for analysis 3. Meet in person or via video conference to present the data 4. You decide if a payment partnership is right for you CLICK HERE TO CONTACT EML