What is a Virtual Card?
Alleviate the stress of election seasons and advertisement purchases by automating supplier payments across your entire media landscape. Vendor payment automation solutions integrate into existing ERP and accounting software to enable media and political advertising agencies to make the best media buys while saving countless hours and ensuring funds are delivered on time to the right place.
Digitize payments using enhanced ACH and virtual credit cards
Customize payment reminders and notifications
Reduce manual entry and paper processes
Gain control and visibility using robust reporting
Campaigns can change instantly, which is why ensuring that your clients’ political advertising payments aren’t delayed is absolutely critical, especially during chaotic election seasons. Widely trusted by political advertisers, our innovative, automated electronic payments solutions enable you to reduce costs and gain efficiencies.
We understand the day-to-day challenges your AP team faces, which is why we’ve developed payment automation solutions to streamline media supplier payments to enhance your AP workflow, not disrupt it. Our large supplier network of local and national broadcast station groups, entertainment destinations and other digital providers simplifies implementation.
Using traditional checks to pay suppliers slows down your business operations. Use enhanced ACH and virtual credit cards to expedite outbound payments and earn rebates that turn your team into a revenue generator instead of a cost center. Benefit from our established closed-loop supplier network, which features several large media companies who accept enhanced ACH payments only through REPAY.
Don’t break a sweat when it comes to onboarding your suppliers. Our team contacts each one to verify their payment preference and set up your ability to automatically pay them. Since REPAY is integrated into your existing accounting systems, you can easily approve payments and track them in real time.
U.S.-based, our experienced media and payment solutions professionals can assist you with every aspect of REPAY’s payment processing program.
Digital payment technology evolves every day, and REPAY has the resources and expertise to keep you ahead of the changes. Rely on REPAY to simplify payments and manage the platform integrations for improved cash flow, streamlined internal processes and increased supplier and vendor satisfaction.
For many businesses, 2022 was a year of digital transformation. Continuing through 2023, we expect more companies to leave behind the days of paper and manual processes and take that first step to digitize processes by automating their payment procedures and ditching paper checks.
Small to medium businesses (SMB) across the U.S. are still feeling the ripple effects of the pandemic with supply chain issues, rising interest rates, growing inflation and uncertain economic conditions. As we approach 2023, inflation is the primary concern.
It might (or might not) surprise you that many B2B businesses are still using outdated payment methods like paper checks for their accounts payable (AP) processes. In fact, according to a study from PYMNTS, “25% of B2B payments are made via paper checks.”