WHAT TO CONSIDER
Key Capabilities
When reimagining payments, consider these capabilities.
Payment Options Drive Value
Payment Hub capabilities give you the flexibility to rapidly add an ever-expanding set of payment methods, without impact on core internal systems.
Supplier Communications
Improve communication with digital messaging and updates on payment status, and simplify the cash application process for your suppliers.
Enhanced Discount Realization
Leverage opportunities to capture additional discounts across all suppliers by using a variety of payment applications from single use accounts.
WHAT CUSTOMERS EXPECT
Companies Can Reduce Cost, Fees, and Paper
All businesses make payments to suppliers, so why does such a simple task have so many complicated systems? Excalibur has identified inefficiencies in the current processes and identified applications to enable efficient, cost effective, electronic payments.
Cost
Hacker Group Reports
Electronic invoice payment processes cost 60% less on average versus their paper-based counterparts.
Late
2020 MasterCard Report
84% of companies pay their suppliers late paying more in fees and throwing their company’s capabilities into danger of stalling.
Paper
IOFM Report
95% of companies still issue paper checks, yet half of accounts payables spend is issued electronically.
HOW TO MAKE A CHANGE
Reimagining Your Corporate Payments
Taking a Different Approach Creates Value Across the Organization.
Single-Use Accounts
With single-use accounts, you organization can optimize your discount capture, deliver safe and secure digital payments, and enable simplified accounting and reconciliation.
Managed Payables
A platform solution designed to simplify and streamline your disbursements and supplier communication by supporting all payment types (SUA, ACH, Same-day ACH, Wire, eCheck, Check and Cross-border capability).
Portal Payments
Improves digital conversion for suppliers in the telecom, utilities and waste management area while using VRU entry, enhanced discount capture using Single-Use Accounts, and easy integration with credential or non-credentialed site requirements.