Manage payment of strategic supplier invoices with Approve2Pay^®

• Migrate paper-based supplier payments to an electronic method
• Pay any supplier electronically, including those who do not accept MasterCard^®*
• Automate payment of large-ticket items, often not captured in traditional Corporate Card programs
• Enhance control around your supplier payments by only paying for the exact approved invoice amount.
• Maintain control over the timing of payments and increase security – preventing merchant and employee card misuse
• Maximize cash flow by controlling when an invoice is paid
• Take advantage of additional days payable outstanding by leveraging a corporate card payment cycle

How suppliers also benefit:

• No change in process when payment is made by using a virtual card
• No special technology is required - just access to email
• Reduce days sales outstanding
• With buyer initiated payment, the supplier does not need to intervene to receive payment
• Ideal to receive payment for large-ticket items
• Easy to track - suppliers receive an email outlining the transactions, which can include the purchase order and/or invoice number(s)