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Accounts Payable Solution That Increases Profitability

Businesses often struggle with the need to manage payments to suppliers in an efficient manner while keeping costs down and maintaining a positive cash flow.

Our accounts payable solution offers you a touch-free and secure way to pay suppliers, simplifying the process of making payments and allowing you to focus on your core business.

Benefits of our accounts payable solution:

  • Save up to 3% on cross-border payments – our globally accepted solution gives you access to all major currencies at reduced cost and allows you to avoid FX rate fluctuations where possible
  • Streamline payment processing and invoice management – automated reconciliation with enhanced data for reporting can help reduce administration and overhead in accounts payable
  • Enhance cash flow and turn accounts payable into a profit centre – with extended payment terms at no cost to improve working capital while ensuring suppliers are paid in a timely manner. Plus the ability to earn money on payments made can create an extra revenue stream for your business
  • Improve relationships with suppliers – by ensuring on time or early payment via our real-time accounts payable solution
  • Reduce or eliminate costs associated with fraud, misuse and supplier default risk – through flexible controls over payments made allowing you to specify an exact amount, timing and recipient

How it Works

Accounts Payable How it Works

Video

Introducing WEX Virtual Payments
Our solution helps businesses across industries to avoid late payments, improve operational efficiency and save money when making payments to suppliers of all types at home and overseas.

Fact Sheet

Virtual Payments Buyers Guide
When assessing and comparing accounts payable solutions it can be difficult to know where to start so we’ve put together a handy checklist to show you what to look for.

Fact Sheet

The Innovative Way To Optimise Cash Flow & Working Capital
An accounts payable solution with credit funding helps you pay suppliers on time while managing the monetary requirements of your business.

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