iPayables fits your electronic invoice payment processing needs. Whether you want us to simply provide approved electronic invoices to be paid by your ERP or payables systems, or if you need complete management; we simplify the payment processing system.
iPayables offers the widest range of payment options of any EIPP provider including:
Because our online platform allows for incredibly fast invoice approval times, discount management tools provide payables administrators with more control than ever before. In real-time, you’ll always know which users are approving discount invoices and you’ll be warned if you are at risk of losing any discounts.
iPayables is revolutionizing the rules of payment terms. With early-pay discounts through electronic payment processing, a customer determines the appropriate cost of capital and it is applied to the price of the discount. Online payment processing allows the supplier to simply select the date they want to be paid. Then, advanced algorithms in real-time determine the appropriate discount for that supplier and the selected date. The supplier agrees to the discount and can look forward to being paid in a way that best meets their schedule.
If for any reason the invoice is not approved by the selected date, the discount is automatically recalculated and the supplier pays less of a discount. If the original due date passes then no discount will be applied. The customer always gets what they have determined is the appropriate cost of capital and the supplier always knows that they are getting a fair deal. Better discounts for you and the customer, more flexible cash management for your suppliers, and a stronger business relationship overall.