Brittney Helmrich for Business News Daily writes: If processing payroll is becoming a hassle for your small business, it
may be time to think about outsourcing the job to a payroll service.
On the surface, payroll might seem simple; however, it goes beyond just
cutting checks for your employees. Unless you're a tax and accounting
expert, processing payroll yourself can be a huge, complicated and
time-consuming task. Outsourcing it to a payroll service can help make a
small business much more efficient, allowing business owners to focus
more on growing and improving their businesses
and less on doing paperwork.
and less on doing paperwork.
Many payroll services offer
other features as well, such as HR forms management and benefits
administration. Since every small business has different wants and
needs, make sure you choose the system that works best for you. If
you're considering outsourcing your payroll, here are 10 companies to look into. [The Best Online Payroll Services ]
to look into. [The Best Online Payroll Services ]
ADP
ADP offers a wide range of services that you can incorporate with your payroll system, including tax services, human resources management, retirement services, time and attendance solutions, and benefits administration. http://www.adp.com/
management, retirement services, time and attendance solutions, and benefits administration. http://www.adp.com/
Intuit
Intuit offers payroll services in stages. With the Basic package, the
service will just process paychecks for you; you do the rest. Upgrade to
Enhanced to cover your paychecks and payroll taxes, or sign up for Full Service and Intuit will do everything for you. http://payroll.intuit.com/
for Full Service and Intuit will do everything for you. http://payroll.intuit.com/
IOIPay
With IOIPay, you can choose a Web-based payroll system, or you can
process your payroll via phone, email or fax. This service also offers
paperless electronic payroll processing for business owners who want to save money or go green. http://www.ioipay.com/
or go green. http://www.ioipay.com/
MyPayrollHR
MyPayrollHR's online payroll software allows you to customize your
payroll setup with payment types, deductions, pay schedules, time sheets
and more. If you already use accounting software like Quickbooks, you can export your payroll data from MyPayrollHR to your existing accounting setup. http://www.mypayrollhr.com/
like Quickbooks, you can export your payroll data from MyPayrollHR to your existing accounting setup. http://www.mypayrollhr.com/
OnPay
Like MyPayrollHR, with OnPay by Payroll Center, you can export your payroll data
to your existing accounting software. You can also process your payroll
on demand, and print paychecks on site. OnPay also offers paperless
payroll and free phone support, while requiring no long-term contracts. http://www.payrollcenter.com/onpay/
to your existing accounting software. You can also process your payroll
on demand, and print paychecks on site. OnPay also offers paperless
payroll and free phone support, while requiring no long-term contracts. http://www.payrollcenter.com/onpay/
Paychex
Paychex offers payroll services for businesses of any size, and even
has a special system for small businesses. Paychex has online payroll
with mobile support and features tax services, time and attendance
tracking, and more. You also have the option to manage payroll in house.
http://www.paychex.com/
Paycom
With Paycom, you can access your data from the cloud, automatically
update your payroll data and manage your payroll taxes. Paycom features
also cover human resources management, talent acquisition and
management, and more. http://www.paycom.com/
PayUSA
This online payroll service features all the basics of payroll
processing, along with a paperless option, payroll cards and tax
management. It can also export data to Quickbooks. http://www.payusainc.com/
ProPayroll
With ProPayroll, you get an online payroll service with 24/7 access to
your account, the ability to print your own paychecks, tax management
services and more. You can also add features like pay-as-you-go workers'
compensation, time and attendance management, 401(k) integration and
more. http://www.propayroll.com/
SurePayroll
SurePayroll offers features like a mobile payroll app, one-click
payroll, time clock integration and more. You can also add on services
like 401(k) management, health insurance benefits, pre-employment
screening and workers' compensation. It also takes care of your payroll
taxes for you. http://www.surepayroll.com/
NVoicePay, putting the Pay in P2P (and why Banks don’t)
I
recently had a chat with Karla Friede, CEO of NVoicePay. We talked
about how the landscape is littered with failures in B2B payments and
how many companies still use cheques to pay (according to her data, 75%
of corporate payments in the U.S. are still by cheque.
Founded in 2009 as a Cloud payment hub, NVoicePay just does the payment piece- they don’t do workflow, or einvoicing, or even try and change the customers processes on back end. They started with ACH and have added electronic cheque and card payments. NVoicePay serves both the mid market and enterprise.
What makes them interesting is that the big hurdle in payments is less to do with technology but mostly the services surrounding it. In payments, someone has to enable the vendor to receive that payment. So you have to collect information from the supplier in terms of:
• What kind of payment they accept,
• How they want to accept them,
• Who the contact point is,
• If accepting ACH, the account number and routing number
And this information has to be maintained and managed. Banks are not good at that. Many companies have started different type of solutions, Amex with their Buyer Initiated Payments, or Europe’s Vpay direct debit. Some banks have pcard programs, but banks only set up a few suppliers to receive that pcard, so that leaves the corporate with only a few suppliers paid by a unique process. As different payment solutions multiply across the enterprise, a company must manage multiple payment processes.
Karla believes that ongoing enablement is the key to move payments to 100% electronic, whether paying a vendor by electronic cheque, ACH, or card. Her point is that end to end payment support is critical in a process that inevitably has errors. If you have four different flows (pcards, cheques, ACH, Fed wire) if something goes wrong, having multiple processes makes it more complicated to address. Hence many corporations continue writing cheques.
AribaPay is SAP/Ariba’s effort to enter the “pay” piece of the procurement value chain. For AribaPay to work, suppliers need to be on Ariba system and if they submit an invoice electronically, they can be paid by ACH or FedWire via Discover, who credits the supplier based on the merchant ID. It’s a basic starting point, but going in the right direction.
NVoicePay is a more holistic solution for enterprise payment that works in any environment – with any bank, any accounting system, and any payables workflow – to put the P where it belongs in P2P to deliver on the promise of electronic payments.
Founded in 2009 as a Cloud payment hub, NVoicePay just does the payment piece- they don’t do workflow, or einvoicing, or even try and change the customers processes on back end. They started with ACH and have added electronic cheque and card payments. NVoicePay serves both the mid market and enterprise.
What makes them interesting is that the big hurdle in payments is less to do with technology but mostly the services surrounding it. In payments, someone has to enable the vendor to receive that payment. So you have to collect information from the supplier in terms of:
• What kind of payment they accept,
• How they want to accept them,
• Who the contact point is,
• If accepting ACH, the account number and routing number
And this information has to be maintained and managed. Banks are not good at that. Many companies have started different type of solutions, Amex with their Buyer Initiated Payments, or Europe’s Vpay direct debit. Some banks have pcard programs, but banks only set up a few suppliers to receive that pcard, so that leaves the corporate with only a few suppliers paid by a unique process. As different payment solutions multiply across the enterprise, a company must manage multiple payment processes.
Karla believes that ongoing enablement is the key to move payments to 100% electronic, whether paying a vendor by electronic cheque, ACH, or card. Her point is that end to end payment support is critical in a process that inevitably has errors. If you have four different flows (pcards, cheques, ACH, Fed wire) if something goes wrong, having multiple processes makes it more complicated to address. Hence many corporations continue writing cheques.
AribaPay is SAP/Ariba’s effort to enter the “pay” piece of the procurement value chain. For AribaPay to work, suppliers need to be on Ariba system and if they submit an invoice electronically, they can be paid by ACH or FedWire via Discover, who credits the supplier based on the merchant ID. It’s a basic starting point, but going in the right direction.
NVoicePay is a more holistic solution for enterprise payment that works in any environment – with any bank, any accounting system, and any payables workflow – to put the P where it belongs in P2P to deliver on the promise of electronic payments.
Related Articles
- See more at: http://spendmatters.com/tfmatters/nvoicepay-putting-the-payment-in-p2p-and-why-banks-dont/#sthash.WJo4rPel.dpufNVoicePay, putting the Pay in P2P (and why Banks don’t)
I
recently had a chat with Karla Friede, CEO of NVoicePay. We talked
about how the landscape is littered with failures in B2B payments and
how many companies still use cheques to pay (according to her data, 75%
of corporate payments in the U.S. are still by cheque.
Founded in 2009 as a Cloud payment hub, NVoicePay just does the payment piece- they don’t do workflow, or einvoicing, or even try and change the customers processes on back end. They started with ACH and have added electronic cheque and card payments. NVoicePay serves both the mid market and enterprise.
What makes them interesting is that the big hurdle in payments is less to do with technology but mostly the services surrounding it. In payments, someone has to enable the vendor to receive that payment. So you have to collect information from the supplier in terms of:
• What kind of payment they accept,
• How they want to accept them,
• Who the contact point is,
• If accepting ACH, the account number and routing number
And this information has to be maintained and managed. Banks are not good at that. Many companies have started different type of solutions, Amex with their Buyer Initiated Payments, or Europe’s Vpay direct debit. Some banks have pcard programs, but banks only set up a few suppliers to receive that pcard, so that leaves the corporate with only a few suppliers paid by a unique process. As different payment solutions multiply across the enterprise, a company must manage multiple payment processes.
Karla believes that ongoing enablement is the key to move payments to 100% electronic, whether paying a vendor by electronic cheque, ACH, or card. Her point is that end to end payment support is critical in a process that inevitably has errors. If you have four different flows (pcards, cheques, ACH, Fed wire) if something goes wrong, having multiple processes makes it more complicated to address. Hence many corporations continue writing cheques.
AribaPay is SAP/Ariba’s effort to enter the “pay” piece of the procurement value chain. For AribaPay to work, suppliers need to be on Ariba system and if they submit an invoice electronically, they can be paid by ACH or FedWire via Discover, who credits the supplier based on the merchant ID. It’s a basic starting point, but going in the right direction.
NVoicePay is a more holistic solution for enterprise payment that works in any environment – with any bank, any accounting system, and any payables workflow – to put the P where it belongs in P2P to deliver on the promise of electronic payments.
Founded in 2009 as a Cloud payment hub, NVoicePay just does the payment piece- they don’t do workflow, or einvoicing, or even try and change the customers processes on back end. They started with ACH and have added electronic cheque and card payments. NVoicePay serves both the mid market and enterprise.
What makes them interesting is that the big hurdle in payments is less to do with technology but mostly the services surrounding it. In payments, someone has to enable the vendor to receive that payment. So you have to collect information from the supplier in terms of:
• What kind of payment they accept,
• How they want to accept them,
• Who the contact point is,
• If accepting ACH, the account number and routing number
And this information has to be maintained and managed. Banks are not good at that. Many companies have started different type of solutions, Amex with their Buyer Initiated Payments, or Europe’s Vpay direct debit. Some banks have pcard programs, but banks only set up a few suppliers to receive that pcard, so that leaves the corporate with only a few suppliers paid by a unique process. As different payment solutions multiply across the enterprise, a company must manage multiple payment processes.
Karla believes that ongoing enablement is the key to move payments to 100% electronic, whether paying a vendor by electronic cheque, ACH, or card. Her point is that end to end payment support is critical in a process that inevitably has errors. If you have four different flows (pcards, cheques, ACH, Fed wire) if something goes wrong, having multiple processes makes it more complicated to address. Hence many corporations continue writing cheques.
AribaPay is SAP/Ariba’s effort to enter the “pay” piece of the procurement value chain. For AribaPay to work, suppliers need to be on Ariba system and if they submit an invoice electronically, they can be paid by ACH or FedWire via Discover, who credits the supplier based on the merchant ID. It’s a basic starting point, but going in the right direction.
NVoicePay is a more holistic solution for enterprise payment that works in any environment – with any bank, any accounting system, and any payables workflow – to put the P where it belongs in P2P to deliver on the promise of electronic payments.
Related Articles
- See more at: http://spendmatters.com/tfmatters/nvoicepay-putting-the-payment-in-p2p-and-why-banks-dont/#sthash.WJo4rPel.dpufNVoicePay, putting the Pay in P2P (and why Banks don’t)
I
recently had a chat with Karla Friede, CEO of NVoicePay. We talked
about how the landscape is littered with failures in B2B payments and
how many companies still use cheques to pay (according to her data, 75%
of corporate payments in the U.S. are still by cheque.
Founded in 2009 as a Cloud payment hub, NVoicePay just does the payment piece- they don’t do workflow, or einvoicing, or even try and change the customers processes on back end. They started with ACH and have added electronic cheque and card payments. NVoicePay serves both the mid market and enterprise.
What makes them interesting is that the big hurdle in payments is less to do with technology but mostly the services surrounding it. In payments, someone has to enable the vendor to receive that payment. So you have to collect information from the supplier in terms of:
• What kind of payment they accept,
• How they want to accept them,
• Who the contact point is,
• If accepting ACH, the account number and routing number
And this information has to be maintained and managed. Banks are not good at that. Many companies have started different type of solutions, Amex with their Buyer Initiated Payments, or Europe’s Vpay direct debit. Some banks have pcard programs, but banks only set up a few suppliers to receive that pcard, so that leaves the corporate with only a few suppliers paid by a unique process. As different payment solutions multiply across the enterprise, a company must manage multiple payment processes.
Karla believes that ongoing enablement is the key to move payments to 100% electronic, whether paying a vendor by electronic cheque, ACH, or card. Her point is that end to end payment support is critical in a process that inevitably has errors. If you have four different flows (pcards, cheques, ACH, Fed wire) if something goes wrong, having multiple processes makes it more complicated to address. Hence many corporations continue writing cheques.
AribaPay is SAP/Ariba’s effort to enter the “pay” piece of the procurement value chain. For AribaPay to work, suppliers need to be on Ariba system and if they submit an invoice electronically, they can be paid by ACH or FedWire via Discover, who credits the supplier based on the merchant ID. It’s a basic starting point, but going in the right direction.
NVoicePay is a more holistic solution for enterprise payment that works in any environment – with any bank, any accounting system, and any payables workflow – to put the P where it belongs in P2P to deliver on the promise of electronic payments.
Founded in 2009 as a Cloud payment hub, NVoicePay just does the payment piece- they don’t do workflow, or einvoicing, or even try and change the customers processes on back end. They started with ACH and have added electronic cheque and card payments. NVoicePay serves both the mid market and enterprise.
What makes them interesting is that the big hurdle in payments is less to do with technology but mostly the services surrounding it. In payments, someone has to enable the vendor to receive that payment. So you have to collect information from the supplier in terms of:
• What kind of payment they accept,
• How they want to accept them,
• Who the contact point is,
• If accepting ACH, the account number and routing number
And this information has to be maintained and managed. Banks are not good at that. Many companies have started different type of solutions, Amex with their Buyer Initiated Payments, or Europe’s Vpay direct debit. Some banks have pcard programs, but banks only set up a few suppliers to receive that pcard, so that leaves the corporate with only a few suppliers paid by a unique process. As different payment solutions multiply across the enterprise, a company must manage multiple payment processes.
Karla believes that ongoing enablement is the key to move payments to 100% electronic, whether paying a vendor by electronic cheque, ACH, or card. Her point is that end to end payment support is critical in a process that inevitably has errors. If you have four different flows (pcards, cheques, ACH, Fed wire) if something goes wrong, having multiple processes makes it more complicated to address. Hence many corporations continue writing cheques.
AribaPay is SAP/Ariba’s effort to enter the “pay” piece of the procurement value chain. For AribaPay to work, suppliers need to be on Ariba system and if they submit an invoice electronically, they can be paid by ACH or FedWire via Discover, who credits the supplier based on the merchant ID. It’s a basic starting point, but going in the right direction.
NVoicePay is a more holistic solution for enterprise payment that works in any environment – with any bank, any accounting system, and any payables workflow – to put the P where it belongs in P2P to deliver on the promise of electronic payments.
Related Articles
- See more at: http://spendmatters.com/tfmatters/nvoicepay-putting-the-payment-in-p2p-and-why-banks-dont/#sthash.WJo4rPel.dpufNVoicePay, putting the Pay in P2P (and why Banks don’t)
I
recently had a chat with Karla Friede, CEO of NVoicePay. We talked
about how the landscape is littered with failures in B2B payments and
how many companies still use cheques to pay (according to her data, 75%
of corporate payments in the U.S. are still by cheque.
Founded in 2009 as a Cloud payment hub, NVoicePay just does the payment piece- they don’t do workflow, or einvoicing, or even try and change the customers processes on back end. They started with ACH and have added electronic cheque and card payments. NVoicePay serves both the mid market and enterprise.
What makes them interesting is that the big hurdle in payments is less to do with technology but mostly the services surrounding it. In payments, someone has to enable the vendor to receive that payment. So you have to collect information from the supplier in terms of:
• What kind of payment they accept,
• How they want to accept them,
• Who the contact point is,
• If accepting ACH, the account number and routing number
And this information has to be maintained and managed. Banks are not good at that. Many companies have started different type of solutions, Amex with their Buyer Initiated Payments, or Europe’s Vpay direct debit. Some banks have pcard programs, but banks only set up a few suppliers to receive that pcard, so that leaves the corporate with only a few suppliers paid by a unique process. As different payment solutions multiply across the enterprise, a company must manage multiple payment processes.
Karla believes that ongoing enablement is the key to move payments to 100% electronic, whether paying a vendor by electronic cheque, ACH, or card. Her point is that end to end payment support is critical in a process that inevitably has errors. If you have four different flows (pcards, cheques, ACH, Fed wire) if something goes wrong, having multiple processes makes it more complicated to address. Hence many corporations continue writing cheques.
AribaPay is SAP/Ariba’s effort to enter the “pay” piece of the procurement value chain. For AribaPay to work, suppliers need to be on Ariba system and if they submit an invoice electronically, they can be paid by ACH or FedWire via Discover, who credits the supplier based on the merchant ID. It’s a basic starting point, but going in the right direction.
NVoicePay is a more holistic solution for enterprise payment that works in any environment – with any bank, any accounting system, and any payables workflow – to put the P where it belongs in P2P to deliver on the promise of electronic payments.
Founded in 2009 as a Cloud payment hub, NVoicePay just does the payment piece- they don’t do workflow, or einvoicing, or even try and change the customers processes on back end. They started with ACH and have added electronic cheque and card payments. NVoicePay serves both the mid market and enterprise.
What makes them interesting is that the big hurdle in payments is less to do with technology but mostly the services surrounding it. In payments, someone has to enable the vendor to receive that payment. So you have to collect information from the supplier in terms of:
• What kind of payment they accept,
• How they want to accept them,
• Who the contact point is,
• If accepting ACH, the account number and routing number
And this information has to be maintained and managed. Banks are not good at that. Many companies have started different type of solutions, Amex with their Buyer Initiated Payments, or Europe’s Vpay direct debit. Some banks have pcard programs, but banks only set up a few suppliers to receive that pcard, so that leaves the corporate with only a few suppliers paid by a unique process. As different payment solutions multiply across the enterprise, a company must manage multiple payment processes.
Karla believes that ongoing enablement is the key to move payments to 100% electronic, whether paying a vendor by electronic cheque, ACH, or card. Her point is that end to end payment support is critical in a process that inevitably has errors. If you have four different flows (pcards, cheques, ACH, Fed wire) if something goes wrong, having multiple processes makes it more complicated to address. Hence many corporations continue writing cheques.
AribaPay is SAP/Ariba’s effort to enter the “pay” piece of the procurement value chain. For AribaPay to work, suppliers need to be on Ariba system and if they submit an invoice electronically, they can be paid by ACH or FedWire via Discover, who credits the supplier based on the merchant ID. It’s a basic starting point, but going in the right direction.
NVoicePay is a more holistic solution for enterprise payment that works in any environment – with any bank, any accounting system, and any payables workflow – to put the P where it belongs in P2P to deliver on the promise of electronic payments.
Related Articles
- See more at: http://spendmatters.com/tfmatters/nvoicepay-putting-the-payment-in-p2p-and-why-banks-dont/#sthash.WJo4rPel.dpuf
AribaPay
is SAP/Ariba’s effort to enter the “pay” piece of the procurement value
chain. For AribaPay to work, suppliers need to be on Ariba system and
if they submit an invoice electronically, they can be paid by ACH or
FedWire via Discover, who credits the supplier based on the merchant ID.
It’s a basic starting point, but going in the right direction. - See
more at:
http://spendmatters.com/tfmatters/nvoicepay-putting-the-payment-in-p2p-and-why-banks-dont/#sthash.WJo4rPel.dpuf
AribaPay
is SAP/Ariba’s effort to enter the “pay” piece of the procurement value
chain. For AribaPay to work, suppliers need to be on Ariba system and
if they submit an invoice electronically, they can be paid by ACH or
FedWire via Discover, who credits the supplier based on the merchant ID.
It’s a basic starting point, but going in the right direction. - See
more at:
http://spendmatters.com/tfmatters/nvoicepay-putting-the-payment-in-p2p-and-why-banks-dont/#sthash.WJo4rPel.dpuf
I
recently had a chat with Karla Friede, CEO of NVoicePay. We talked
about how the landscape is littered with failures in B2B payments and
how many companies still use cheques to pay (according to her data, 75%
of corporate payments in the U.S. are still by cheque.
Founded in 2009 as a Cloud payment hub, NVoicePay just does the payment piece- they don’t do workflow, or einvoicing, or even try and change the customers processes on back end. They started with ACH and have added electronic cheque and card payments. NVoicePay serves both the mid market and enterprise.
What makes them interesting is that the big hurdle in payments is less to do with technology but mostly the services surrounding it. In payments, someone has to enable the vendor to receive that payment. So you have to collect information from the supplier in terms of:
• What kind of payment they accept,
• How they want to accept them,
• Who the contact point is,
• If accepting ACH, the account number and routing number
And this information has to be maintained and managed. Banks are not good at that. Many companies have started different type of solutions, Amex with their Buyer Initiated Payments, or Europe’s Vpay direct debit. Some banks have pcard programs, but banks only set up a few suppliers to receive that pcard, so that leaves the corporate with only a few suppliers paid by a unique process. As different payment solutions multiply across the enterprise, a company must manage multiple payment processes.
Karla believes that ongoing enablement is the key to move payments to 100% electronic, whether paying a vendor by electronic cheque, ACH, or card. Her point is that end to end payment support is critical in a process that inevitably has errors. If you have four different flows (pcards, cheques, ACH, Fed wire) if something goes wrong, having multiple processes makes it more complicated to address. Hence many corporations continue writing cheques.
AribaPay is SAP/Ariba’s effort to enter the “pay” piece of the procurement value chain. For AribaPay to work, suppliers need to be on Ariba system and if they submit an invoice electronically, they can be paid by ACH or FedWire via Discover, who credits the supplier based on the merchant ID. It’s a basic starting point, but going in the right direction.
NVoicePay is a more holistic solution for enterprise payment that works in any environment – with any bank, any accounting system, and any payables workflow – to put the P where it belongs in P2P to deliver on the promise of electronic payments.
- See more at: http://spendmatters.com/tfmatters/nvoicepay-putting-the-payment-in-p2p-and-why-banks-dont/#sthash.WJo4rPel.dpuf
Founded in 2009 as a Cloud payment hub, NVoicePay just does the payment piece- they don’t do workflow, or einvoicing, or even try and change the customers processes on back end. They started with ACH and have added electronic cheque and card payments. NVoicePay serves both the mid market and enterprise.
What makes them interesting is that the big hurdle in payments is less to do with technology but mostly the services surrounding it. In payments, someone has to enable the vendor to receive that payment. So you have to collect information from the supplier in terms of:
• What kind of payment they accept,
• How they want to accept them,
• Who the contact point is,
• If accepting ACH, the account number and routing number
And this information has to be maintained and managed. Banks are not good at that. Many companies have started different type of solutions, Amex with their Buyer Initiated Payments, or Europe’s Vpay direct debit. Some banks have pcard programs, but banks only set up a few suppliers to receive that pcard, so that leaves the corporate with only a few suppliers paid by a unique process. As different payment solutions multiply across the enterprise, a company must manage multiple payment processes.
Karla believes that ongoing enablement is the key to move payments to 100% electronic, whether paying a vendor by electronic cheque, ACH, or card. Her point is that end to end payment support is critical in a process that inevitably has errors. If you have four different flows (pcards, cheques, ACH, Fed wire) if something goes wrong, having multiple processes makes it more complicated to address. Hence many corporations continue writing cheques.
AribaPay is SAP/Ariba’s effort to enter the “pay” piece of the procurement value chain. For AribaPay to work, suppliers need to be on Ariba system and if they submit an invoice electronically, they can be paid by ACH or FedWire via Discover, who credits the supplier based on the merchant ID. It’s a basic starting point, but going in the right direction.
NVoicePay is a more holistic solution for enterprise payment that works in any environment – with any bank, any accounting system, and any payables workflow – to put the P where it belongs in P2P to deliver on the promise of electronic payments.
- See more at: http://spendmatters.com/tfmatters/nvoicepay-putting-the-payment-in-p2p-and-why-banks-dont/#sthash.WJo4rPel.dpuf
I
recently had a chat with Karla Friede, CEO of NVoicePay. We talked
about how the landscape is littered with failures in B2B payments and
how many companies still use cheques to pay (according to her data, 75%
of corporate payments in the U.S. are still by cheque.
Founded in 2009 as a Cloud payment hub, NVoicePay just does the payment piece- they don’t do workflow, or einvoicing, or even try and change the customers processes on back end. They started with ACH and have added electronic cheque and card payments. NVoicePay serves both the mid market and enterprise.
What makes them interesting is that the big hurdle in payments is less to do with technology but mostly the services surrounding it. In payments, someone has to enable the vendor to receive that payment. So you have to collect information from the supplier in terms of:
• What kind of payment they accept,
• How they want to accept them,
• Who the contact point is,
• If accepting ACH, the account number and routing number
And this information has to be maintained and managed. Banks are not good at that. Many companies have started different type of solutions, Amex with their Buyer Initiated Payments, or Europe’s Vpay direct debit. Some banks have pcard programs, but banks only set up a few suppliers to receive that pcard, so that leaves the corporate with only a few suppliers paid by a unique process. As different payment solutions multiply across the enterprise, a company must manage multiple payment processes.
Karla believes that ongoing enablement is the key to move payments to 100% electronic, whether paying a vendor by electronic cheque, ACH, or card. Her point is that end to end payment support is critical in a process that inevitably has errors. If you have four different flows (pcards, cheques, ACH, Fed wire) if something goes wrong, having multiple processes makes it more complicated to address. Hence many corporations continue writing cheques.
AribaPay is SAP/Ariba’s effort to enter the “pay” piece of the procurement value chain. For AribaPay to work, suppliers need to be on Ariba system and if they submit an invoice electronically, they can be paid by ACH or FedWire via Discover, who credits the supplier based on the merchant ID. It’s a basic starting point, but going in the right direction.
NVoicePay is a more holistic solution for enterprise payment that works in any environment – with any bank, any accounting system, and any payables workflow – to put the P where it belongs in P2P to deliver on the promise of electronic payments.
- See more at: http://spendmatters.com/tfmatters/nvoicepay-putting-the-payment-in-p2p-and-why-banks-dont/#sthash.WJo4rPel.dpuf
Founded in 2009 as a Cloud payment hub, NVoicePay just does the payment piece- they don’t do workflow, or einvoicing, or even try and change the customers processes on back end. They started with ACH and have added electronic cheque and card payments. NVoicePay serves both the mid market and enterprise.
What makes them interesting is that the big hurdle in payments is less to do with technology but mostly the services surrounding it. In payments, someone has to enable the vendor to receive that payment. So you have to collect information from the supplier in terms of:
• What kind of payment they accept,
• How they want to accept them,
• Who the contact point is,
• If accepting ACH, the account number and routing number
And this information has to be maintained and managed. Banks are not good at that. Many companies have started different type of solutions, Amex with their Buyer Initiated Payments, or Europe’s Vpay direct debit. Some banks have pcard programs, but banks only set up a few suppliers to receive that pcard, so that leaves the corporate with only a few suppliers paid by a unique process. As different payment solutions multiply across the enterprise, a company must manage multiple payment processes.
Karla believes that ongoing enablement is the key to move payments to 100% electronic, whether paying a vendor by electronic cheque, ACH, or card. Her point is that end to end payment support is critical in a process that inevitably has errors. If you have four different flows (pcards, cheques, ACH, Fed wire) if something goes wrong, having multiple processes makes it more complicated to address. Hence many corporations continue writing cheques.
AribaPay is SAP/Ariba’s effort to enter the “pay” piece of the procurement value chain. For AribaPay to work, suppliers need to be on Ariba system and if they submit an invoice electronically, they can be paid by ACH or FedWire via Discover, who credits the supplier based on the merchant ID. It’s a basic starting point, but going in the right direction.
NVoicePay is a more holistic solution for enterprise payment that works in any environment – with any bank, any accounting system, and any payables workflow – to put the P where it belongs in P2P to deliver on the promise of electronic payments.
- See more at: http://spendmatters.com/tfmatters/nvoicepay-putting-the-payment-in-p2p-and-why-banks-dont/#sthash.WJo4rPel.dpuf
I
recently had a chat with Karla Friede, CEO of NVoicePay. We talked
about how the landscape is littered with failures in B2B payments and
how many companies still use cheques to pay (according to her data, 75%
of corporate payments in the U.S. are still by cheque.
Founded in 2009 as a Cloud payment hub, NVoicePay just does the payment piece- they don’t do workflow, or einvoicing, or even try and change the customers processes on back end. They started with ACH and have added electronic cheque and card payments. NVoicePay serves both the mid market and enterprise.
What makes them interesting is that the big hurdle in payments is less to do with technology but mostly the services surrounding it. In payments, someone has to enable the vendor to receive that payment. So you have to collect information from the supplier in terms of:
• What kind of payment they accept,
• How they want to accept them,
• Who the contact point is,
• If accepting ACH, the account number and routing number
And this information has to be maintained and managed. Banks are not good at that. Many companies have started different type of solutions, Amex with their Buyer Initiated Payments, or Europe’s Vpay direct debit. Some banks have pcard programs, but banks only set up a few suppliers to receive that pcard, so that leaves the corporate with only a few suppliers paid by a unique process. As different payment solutions multiply across the enterprise, a company must manage multiple payment processes.
Karla believes that ongoing enablement is the key to move payments to 100% electronic, whether paying a vendor by electronic cheque, ACH, or card. Her point is that end to end payment support is critical in a process that inevitably has errors. If you have four different flows (pcards, cheques, ACH, Fed wire) if something goes wrong, having multiple processes makes it more complicated to address. Hence many corporations continue writing cheques.
AribaPay is SAP/Ariba’s effort to enter the “pay” piece of the procurement value chain. For AribaPay to work, suppliers need to be on Ariba system and if they submit an invoice electronically, they can be paid by ACH or FedWire via Discover, who credits the supplier based on the merchant ID. It’s a basic starting point, but going in the right direction.
NVoicePay is a more holistic solution for enterprise payment that works in any environment – with any bank, any accounting system, and any payables workflow – to put the P where it belongs in P2P to deliver on the promise of electronic payments.
- See more at: http://spendmatters.com/tfmatters/nvoicepay-putting-the-payment-in-p2p-and-why-banks-dont/#sthash.WJo4rPel.dpuf
Founded in 2009 as a Cloud payment hub, NVoicePay just does the payment piece- they don’t do workflow, or einvoicing, or even try and change the customers processes on back end. They started with ACH and have added electronic cheque and card payments. NVoicePay serves both the mid market and enterprise.
What makes them interesting is that the big hurdle in payments is less to do with technology but mostly the services surrounding it. In payments, someone has to enable the vendor to receive that payment. So you have to collect information from the supplier in terms of:
• What kind of payment they accept,
• How they want to accept them,
• Who the contact point is,
• If accepting ACH, the account number and routing number
And this information has to be maintained and managed. Banks are not good at that. Many companies have started different type of solutions, Amex with their Buyer Initiated Payments, or Europe’s Vpay direct debit. Some banks have pcard programs, but banks only set up a few suppliers to receive that pcard, so that leaves the corporate with only a few suppliers paid by a unique process. As different payment solutions multiply across the enterprise, a company must manage multiple payment processes.
Karla believes that ongoing enablement is the key to move payments to 100% electronic, whether paying a vendor by electronic cheque, ACH, or card. Her point is that end to end payment support is critical in a process that inevitably has errors. If you have four different flows (pcards, cheques, ACH, Fed wire) if something goes wrong, having multiple processes makes it more complicated to address. Hence many corporations continue writing cheques.
AribaPay is SAP/Ariba’s effort to enter the “pay” piece of the procurement value chain. For AribaPay to work, suppliers need to be on Ariba system and if they submit an invoice electronically, they can be paid by ACH or FedWire via Discover, who credits the supplier based on the merchant ID. It’s a basic starting point, but going in the right direction.
NVoicePay is a more holistic solution for enterprise payment that works in any environment – with any bank, any accounting system, and any payables workflow – to put the P where it belongs in P2P to deliver on the promise of electronic payments.
- See more at: http://spendmatters.com/tfmatters/nvoicepay-putting-the-payment-in-p2p-and-why-banks-dont/#sthash.WJo4rPel.dpuf
I
recently had a chat with Karla Friede, CEO of NVoicePay. We talked
about how the landscape is littered with failures in B2B payments and
how many companies still use cheques to pay (according to her data, 75%
of corporate payments in the U.S. are still by cheque.
Founded in 2009 as a Cloud payment hub, NVoicePay just does the payment piece- they don’t do workflow, or einvoicing, or even try and change the customers processes on back end. They started with ACH and have added electronic cheque and card payments. NVoicePay serves both the mid market and enterprise.
What makes them interesting is that the big hurdle in payments is less to do with technology but mostly the services surrounding it. In payments, someone has to enable the vendor to receive that payment. So you have to collect information from the supplier in terms of:
• What kind of payment they accept,
• How they want to accept them,
• Who the contact point is,
• If accepting ACH, the account number and routing number
And this information has to be maintained and managed. Banks are not good at that. Many companies have started different type of solutions, Amex with their Buyer Initiated Payments, or Europe’s Vpay direct debit. Some banks have pcard programs, but banks only set up a few suppliers to receive that pcard, so that leaves the corporate with only a few suppliers paid by a unique process. As different payment solutions multiply across the enterprise, a company must manage multiple payment processes.
Karla believes that ongoing enablement is the key to move payments to 100% electronic, whether paying a vendor by electronic cheque, ACH, or card. Her point is that end to end payment support is critical in a process that inevitably has errors. If you have four different flows (pcards, cheques, ACH, Fed wire) if something goes wrong, having multiple processes makes it more complicated to address. Hence many corporations continue writing cheques.
AribaPay is SAP/Ariba’s effort to enter the “pay” piece of the procurement value chain. For AribaPay to work, suppliers need to be on Ariba system and if they submit an invoice electronically, they can be paid by ACH or FedWire via Discover, who credits the supplier based on the merchant ID. It’s a basic starting point, but going in the right direction.
NVoicePay is a more holistic solution for enterprise payment that works in any environment – with any bank, any accounting system, and any payables workflow – to put the P where it belongs in P2P to deliver on the promise of electronic payments.
- See more at: http://spendmatters.com/tfmatters/nvoicepay-putting-the-payment-in-p2p-and-why-banks-dont/#sthash.WJo4rPel.dpuf
Founded in 2009 as a Cloud payment hub, NVoicePay just does the payment piece- they don’t do workflow, or einvoicing, or even try and change the customers processes on back end. They started with ACH and have added electronic cheque and card payments. NVoicePay serves both the mid market and enterprise.
What makes them interesting is that the big hurdle in payments is less to do with technology but mostly the services surrounding it. In payments, someone has to enable the vendor to receive that payment. So you have to collect information from the supplier in terms of:
• What kind of payment they accept,
• How they want to accept them,
• Who the contact point is,
• If accepting ACH, the account number and routing number
And this information has to be maintained and managed. Banks are not good at that. Many companies have started different type of solutions, Amex with their Buyer Initiated Payments, or Europe’s Vpay direct debit. Some banks have pcard programs, but banks only set up a few suppliers to receive that pcard, so that leaves the corporate with only a few suppliers paid by a unique process. As different payment solutions multiply across the enterprise, a company must manage multiple payment processes.
Karla believes that ongoing enablement is the key to move payments to 100% electronic, whether paying a vendor by electronic cheque, ACH, or card. Her point is that end to end payment support is critical in a process that inevitably has errors. If you have four different flows (pcards, cheques, ACH, Fed wire) if something goes wrong, having multiple processes makes it more complicated to address. Hence many corporations continue writing cheques.
AribaPay is SAP/Ariba’s effort to enter the “pay” piece of the procurement value chain. For AribaPay to work, suppliers need to be on Ariba system and if they submit an invoice electronically, they can be paid by ACH or FedWire via Discover, who credits the supplier based on the merchant ID. It’s a basic starting point, but going in the right direction.
NVoicePay is a more holistic solution for enterprise payment that works in any environment – with any bank, any accounting system, and any payables workflow – to put the P where it belongs in P2P to deliver on the promise of electronic payments.
- See more at: http://spendmatters.com/tfmatters/nvoicepay-putting-the-payment-in-p2p-and-why-banks-dont/#sthash.WJo4rPel.dpuf
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