Protect Your Company from Payment Fraud

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Unlock the power of our easy to use payment processing service to pay your vendors, contractors, and customers alike.

The A/P One business-to-business payment processing service is the final step in automating the accounts payable procure to pay process.

But did you know that manual vendor payment is the most vulnerable aspect of the entire procure to pay process to fraud? In fact, 96% of businesses were targeted with fraud attacks in the past year!

That’s why you should consider A/P One’s payment processing service as a seamless way to make B2B payments cheaper, more efficient, and more accurate. And most importantly, protected from fraud.

Paper checks are the least efficient and most expensive way to pay invoices. And yet many companies – even cutting edge companies – are still cutting paper checks every day. In fact, according to Mastercard, 45% of businesses still make most of their B2B payments via check.

Adding A/P One payment automation delivers an end-to-end AP automation experience addressing invoice receipt, data extraction, workflow, PO matching, invoice filing, and finally the issuance of a variety of payments including ACH, Virtual Card, Physical Plastic, Direct Deposit, eCheck, Instant Deposit and more.

And best of all, A/P One’s cloud based payment automation is affordable and scales to any sized business.

Here are the benefits of add in our payment processing service to your AP automation solution.

Problem: Fraud – AP teams are targets of sophisticated attacks and are incredibly vulnerable to fraud.

Solution: ACH/check fraud, invoice spoofs, imposters, and compromised data can all be prevented using our security tools. The A/P One payment service can significantly reduce fraud to protect you and your vendor relationships without extra work.

AP automation and automated electronic payments significantly reduce the risk of fraud. They include built-in features specifically designed to prevent invoice and payment fraud.

Plus, AP automation and ePayment automation include activity audit trails. These give you deep insight into who authorized payments. And they tell you what types of verification steps occurred before the approval was given.

So if fraud should occur, AP and payment automation will tell you what happened, how it happened, and who was behind it.

Electronic payment processes not only have a lower risk of fraud, they help identify fraud if it should occur.

Sending and managing vendor payments using dated processes can slow down any AP clerk. Redirect vendor payments to A/P One’s payment portal to increase efficiencies for them.

Problem: Paper checks are no longer cutting it for AP. They are slow and a prime target for fraud.
Solution: Pay vendors using single-use virtual cards and ACH to expedite payments, increase efficiency, reduce costs, and enhance security.

Problem: Payment tracking and management is tedious and complicated.
Solution: Integrate vendor payment capabilities for a real time view of every transaction and to track and trace by invoice. If payments are outstanding, we will find out why.

Problem: Validating, storing and updating bank information – AP clerks do not have bandwidth to track down hundreds of vendors’ payment data.
Solution: A/P One’s payment processing service handles the process for you, contacting each vendor to validate and securely store their bank information. And when the information changes, we call them them for the updates. A/P One simplifies enrollment to increase acceptance rates.

Problem: Penalties & Fees – Late or inaccurate payments can be subject to penalties and fees.
Solution: Automating vendor payments sends payments before the due dates and can accommodate early payment incentives. Additionally, when using virtual cards, you can earn valuable rebates that turn the AP department into a revenue generator, with no cost to get started!

Problem: Complicated Reconciliation
Solution: A/P One’s vendor payment platform integrates seamlessly with your ERP or accounting system. Eliminate “platform-hopping,” and access a single dashboard for all transaction data. Reduce time spent on manual reconciliation and associated errors to simplify audits.

Problem: Inadequate processes – unresponsive banks, returns, lack of RAP payments and complicated file imports cause payment delays.
Solution: Our experts have established banking relationships for timely responses, and we eliminate the need for file imports, manage returns and support RAP payments.

By digitizing and automating payments using A/P One’s payment processing service, businesses can avoid the pitfalls of manual entry and reduce processing times. This increases overall efficiency and accuracy, as it eliminates human errors, reducing discrepancies and the time taken to rectify them.