With the proliferation of automation in Manufacturing, Human Resources and Sales & Marketing, do you think your peers within your company would be surprised to learn that your Accounts Payable department still writes paper checks to suppliers and vendors?  Would your family and friends think that working where you do that accounts payable systems must certainly be automated? 

When talking to newly onboarded clients, they often admit the barriers that held them back from transitioning to accounts payable automation in the past. 

Do any of these barriers sound familiar?

Barrier #1- Not enough time

According to an Association for Financial Professionals (AFP) study funded by JP Morgan Chase, more than 70% of organizations surveyed are struggling to convert to accounts payable automation and electronic payments.

Despite liking the idea of financial technology innovation, these companies cite employee, customer / supplier hesitance and IT barriers as fears the hold them back from the transition...just to name a few.

Read on for the fears, the myths...and the facts of AP payment automation.

Maximize your virtual card program- An acquirer’s perspective on optimizing vendor participation

Do you have vendors who are unwilling to participate in the virtual card program – or worse, vendors threatening to unenroll? Is the cost of transaction acceptance a barrier to participation? 

On January 18th, Ryan Rybolt, CEO of Infintech teamed up with Neal Anderson, President & CEO of OnPay Solutions^TM to talk about how a company could maximize its virtual card program — an acquirer's perspective on optimizing vendor participation. They explored easy ways to simplify the vendor enrollment process and reduce the costs vendors pay to accept virtual card payments. 

From common vendor objections and effective responses and techniques to minimize credit card acceptance costs, without affecting the rebate, to overall payment industry trends and emerging technologies, Rybolt addressed it.

Missed the Thought Leadership webinar? No problem. We have provided a recap of the highlights below.

A new year means a time for change, innovation, growth and betterment. We all set personal and professional New Year's resolutions — some resolutions we keep, some we break...some we never start. 

The Best of 2016: Top 12 Payments Blog Posts of the Year...

We've rounded up some of the top payment-related blog articles from 2016 for your reading pleasure — from must-attend conferences for financial pros to accounts payable problems to paper checks, ACH and payment fraud, we've got you covered. PS. If you want to remain up-to-date on what is current within your industry, make sure to click here. 

Are you a CFO, Controller, CIO or Accounts Payable Manager?

These are the 2017 Financial Industry Conferences that you truly can't miss...

Below you will find a list of conferences from around the nation that offer opportunities to explore, discover, and widen the scope of your financial knowledge. With conferences held at intervals over the new year there is plenty of opportunity to find an event to attend that sparks your interest, is close in proximity, or better yet - both.

As Benjamin Franklin once said, "An investment in knowledge always pays the best interest" —and at OnPay Solutions, we couldn't agree more.  

Since "payments is all we do", we are always on the hunt for the best payments and finance-focused news/informational websites in order to stay on top of what is trending within the industry. We also try to remain current on what our CFO/Controllers, CIO and Accounts Payable partners and clients would find informative and interesting and came up with a list of websites.

In the holiday spirit of giving, we are sharing our list of the [CFOs/Controllers, CIOs & Accounts Payable] 11 Websites To Check Out in 2017.