By leveraging more than 10 different payment methods, Inworks enables you to meet a variety of supplier AR protocols—thereby increasing supplier participation in electronic payments. Inworks manages which suppliers are paid by which payment method; all you do is send Inworks a single payment file.
Commercial cards provide you with the ability to generate transaction revenue from your payables, while reducing paper check payments. Moreover, commercial card payments help your suppliers reduce their AR processing costs.
Electronic Funds Transfer
Electronic funds transfers are an additional electronic payment method that can be used generate transaction revenue from your payables.
The Inworks portal, and optional reconciliation file, reduce reconciliation time—allowing you to close out invoice from multiple payment methods concurrently. Also, the portal provides multiple standardized reports to choose from.
Inworks integrated payable eliminates check fraud and the need for your AP staff to store card numbers of supplier bank account information. Inworks is PCI, SOC, and HIPAA compliant.