A B2B virtual credit card (sometimes called a vCard or Single Use Account) is a unique 16-digit computer generated number used to settle a specific vendor payment transaction issued for a specific dollar amount. Designed as a more secure alternative to ACH and check payments, virtual cards are essentially “card-less” credit card payments. With virtual…
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Balancing the Ying & Yang of Buyers and Suppliers Are B2B Virtual Card Payments the Answer? Written By: Terri Cunnion Selling products and services generates cash for any business, but managing and optimizing cash can be a challenge. In some organizations it is finely tuned, yet for others it is a month-to-month balancing act. Every…
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November 28, 2018 ActiveWorx, an OSG Company, transforms traditional invoicing by enabling businesses of all sizes to replace paper bills, statements, invoices, payments and documents with more efficient process automation. We go to market providing medium to large size business customers a secure, configurable, white-label, industry-leading Cloud solution. To manage cash flow effectively, businesses must…
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Drive Cost Savings with Automation The statistics regarding return on capital alone certainly make a compelling case for dynamic discounting, but how do organizations effectively capitalize on this opportunity? Traditional paper-based payment methods make it extremely difficult to capture the best discount rates in a dynamic discount framework, which are the highest within the first…
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The Importance of Strong Vendor Relationships Strong vendor partnerships are a critical component to business success, particularly in industries where frequent and regular delivery of inventory is needed to sustain optimal operations, such as retail and restaurant environments. Buyers and sellers must have mutual respect and confidence in each other that foods will be received…
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The Bottom Line Value of Dynamic Discounts Dynamic Discounting is a no-risk, high-reward solution for buyers, providing them a way to increase their case returns in a low-interest environment, while keeping their vendor relationship strong with a payment method that also creates winning scenarios for the seller. Traditional early payment discounts reward buyers with…
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