With Global EDGE, you can improve Accounts Payable efficiency with ePay, and streamline vendor communication with eBroadcast and eNotice, saving your organization time and money.
Electronic Payment Remittance (ePay)
On average, a paper check costs from $3.30 to $14.00 to produce and 20-40 days to process. 77% of all available discounts aren’t realized because of the time it takes to process a paper check.
Through Global EDGE ePay, after the vendor has submitted the invoice for payment and all details have been entered into the AP system, the payment file is securely transmitted to Global EDGE. The Global EDGE Platform scrubs the file for overpayments and duplicates, processes payments on valid invoices and releases payments to the vendor. Details on all historical remittances are accessible to the vendor and client organizations through the Global EDGE Solutions Gateway.
Electronic Payment Remittance through ACH Payments can cut your payment remittance costs by as much as 90%.
In addition to these direct cost savings, electronic payments process quicker and increase the possibility of additional discounts for prompt payment.
Additional Global EDGE eBusiness Solutions
Global EDGE offers a number of eBusiness Solutions to help organizations lower costs and increase efficiency. The entire Global EDGE platform is web-based and our clients are given access to their own Vendor Gateway, giving them access to all the information they need right at their fingertips.