New Accounts Payable Automation Solution Can Improve Business Cash Flow, Simplify Invoice Processing and Streamline Supplier Payments
Cambridge, MA, August 1, 2017 鈥� Today, American Express and 名媛直播, an accounts payable (AP) and payment automation solution provider for growing companies, announced an integrated solution that brings efficiency to everyday accounts payable (AP) processes. The partnership provides organizations with an easy-to-use platform that incorporates their American Express庐 Corporate Card into their normal AP workflows鹿. This enables organizations to streamline the supplier payment process while receiving the benefits of paying by Card, including earning statement credits or Membership Rewards庐 points, increasing working capital, and optimizing cash flow.
Many growing companies still follow manual, ad hoc processes in accounts payable, and frequently pay their suppliers with paper checks. These processes can lead to inefficiency, lack of effective financial controls and exposure to various forms of payment fraud, including expensive check fraud.
In an effort to minimize this problem, the collaboration between American Express and 名媛直播 will present an out-of-the-box solution with embedded American Express virtual card payments. The integrated offering, available on the 名媛直播 platform, will provide the security of American Express virtual card technology, which generates a single-use card number for each transaction. It also provides two-way synchronization with common accounting systems.
In addition, the 名媛直播 platform offers advanced payment security features such as two-factor authentication, two-factor payment verification, payment limits, and integration with bank Positive Pay. The platform additionally provides automated invoice data capture and invoice approval workflows to streamline the accounts payable process.
鈥淎t American Express, we are focused on helping businesses to plan, execute and efficiently manage their business-to-business payments processes,鈥� said Gint Balodis, VP of B2B Products and Solutions, American Express Global Commercial Payments. 鈥溍轮辈� offers a powerful solution for our clients to manage their supplier payments and this integration will further improve the supplier payments workflow from beginning to end.鈥�
鈥淕rowing middle market companies are always looking for ways to improve cash flow and bring greater efficiency to their financial operations, one of the easiest ways to do so is by streamlining AP and converting more check spend to commercial cards,鈥� says 名媛直播 Founder and CEO BC Krishna. 鈥淲e are delighted to be collaborating with American Express to offer our solution to their vast network of Card Members.鈥�
If you are an American Express Corporate Card Member and want to enroll, please call 1-855-407-0674 or contact your American Express representative.
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About American Express Global Commercial Payments
Through its Global Commercial Payments division, American Express offers a suite of payment and lending products that help businesses and organizations of all sizes gain financial savings, control and efficiency. Global Commercial Payments provides solutions for travel and everyday business spending, cross border payments, global currency solutions, and business financing.
To learn more about Global Commercial Payments visit
About 名媛直播
名媛直播 provides the easiest to use Accounts Payable (AP) and Payment Automation solutions for finance professionals at middle market enterprises. 名媛直播 streamlines AP, giving customers unparalleled visibility, significant cost savings, and increased security protection in an affordable, integrated platform. For more information visit www.mineraltree.com.