Don’t leave your payment services costs unchecked
Don’t leave your vendor payment services unchecked. The name of the game is “Find the hidden fees in your vendor payment services”. The game itself is not that much fun, but winning is very rewarding. Plus, it’s important to play to show good stewardship of company funds and keep your indirect costs in check.
It’s time for a deep dive
Get started with a detailed look at your vendor invoices for this indirect category. When you do a thorough check of your company’s payment service systems, a picture emerges, and it’s usually full of surprises (unfortunately, not usually good surprises).
This is a game most organizations don’t have the time or resources to play. After all, most companies work with a lot of different payment vendors across all departments, making payment services, like most indirect expense categories, a high cost to manage effectively.
ACC is laser focused on this and other non-core procurement areas, leveraging national agreements, relationships and SMEs to achieve best-in-class payment solution products and services. Once the picture is clear for your business or PE portfolio, we recommend the most advantageous custom payment solutions. We will even implement the new payment service programs on your behalf.
Payment Account Solutions include:
- All Payment Methods including check, credit card, ACH, wire transfers, gift cards etc.
- Banking transaction costs / treasury management fees
- Payment reconciliation
- The process for how you pay across your organization
- Fuel cards
- Accounts payable
- Treasury management cost reductions
For example:
An industrial manufacturing company based in Texas saved $300K on payment service agreements over 24 months. And there’s more — the company now saves hundreds of man hours monthly by streamlining their payment solutions functions. That means less hands-on activity for their processes which freed up their team to focus on other core business items.
Payment Service Solution Areas
- All payment methods including check, credit card, ACH, wire transfers, gift cards etc.
- Banking transaction costs / treasury management fees
- Payment reconciliation
- The process for how you pay across your organization
- Fuel cards
- Accounts payable
- Treasury management cost reductions
Not to Worry…
- There is no need to change banks
- ACC does the heavy lifting on your behalf, only a very small time commitment is needed from your organization (appx. 5 hours)
- Once implemented, your company will benefit from a streamlined vendor payment services process
- We leverage your scale and the scale of other businesses to convert Accounts Payable to a profit center
Get Started
Moving to automated vendor payments can eliminate up to 30% of your back office labor and creates other organizational efficiencies. We leverage every area on the payment service spectrum to reduce your expenses and increase your return. Reviewing indirect categories regularly is also a great way to show responsible stewardship of company funds.
