An ePayment Solution That Streamlines Your Payables Processing
Move To Electronic Payments
Migrate Away from Paper Processes
Streamline Your Entire AP Process
Increase Control & Visibility of Cash Flow
Reduce Payment Processing Costs
Increase Corporate Revenues & Margins
MIGRATE FROM PAPER PROCESSES & TURN AP INTO A PROFIT CENTER
Digital Designs V-Pay is a comprehensive yet flexible virtual card payment solution that provides a path to significantly decrease paper workflows, check printing, ACH's and other expensive accounts payable processes. With all the benefits of a card solution, you are still in control of the payments process such when and how to pay your vendors. Our V-Pay solution offers a streamlined one system approach to ensure all your payments are going through one single workflow process improving visibility and control over cash flow. Our management dashboard also provides an in depth view of every invoice once it hits your building.
V-Pay is not just another virtual card offering, but part of an overall payments strategy for your business. At the core of V-Pay is DDI's DocAgent which is our document and payments processing engine.
WHAT IS A VIRTUAL CARD PAYMENT
A virtual card payment is an electronic payment based on a single use MasterCard account number that is tied to a specific payment, specific amount, and expiration date. A virtual card payment is like a check from a control standpoint, but better from a cost to issue and control standpoint. With the virtual payment solution, there is reduced printing of checks, folding, stuffing and replaces ACH's with more detailed remittance information for easy reconciliation. The V-Pay solution integrates easily with Digital Designs' DocAgent and your core accounting system.
WHY USE VIRTUAL CARD PAYMENTS
Virtual card payments is the fastest growing segment in the payments industry for good reason. The process streamlines the payment process as well as the reconciliation of payments. Unlike outdated ACH transactions, the file structure of a virtual payment gives you everything you need; invoice number, PO number, line item details, line item amounts, dates, and much more. Virtual payments significantly reduces check printing, expensive ACH transactions, reconciliation time, and workflow.
- Provides monthly rebates on vendor payments - up to 1% of all payments through our card product
- AP invoice automation software streamlines your entire AP workflow
- Transitions your company to a paperless environment
- Provides ONE go-to system to manage invoice processing, payments, and reporting before posting to your core accounting system
- Automated payments & reconciliation
- Enhanced security
Vendor enrollment is the key to any virtual card program. Obviously the more vendors participating in your program the better results you will see from rebates, streamlined reconciliation, and program success. Digital Designs partners with the industry's leading provider and fastest growing company to bring vendor enrollment expertise, network payment processing, and funds issuance. With over $50 billion processed each year, Comdata is well positioned as the issuer and processor of card payments.
VIRTUAL CARD PROGRAM MANAGEMENT
Digital Designs holds your hand through the entire implementation process, but unlike banks we don't stop there. We provide an industry leading vendor enrollment program that outperforms the typical bank 3 to 1. Imagine getting 300% more vendors through your system utilizing V-Pay! Vendor enrollment is not a onetime event; it takes constant improvement, communications, and support. Digital Designs and Comdata provide this and includes a free 24/7/365 help line.
The ROI on V-Pay is too good to be true until you analyze the details and see for yourself. Digital Designs only uses tangible hard cost savings in our ROI models. Call today to get your custom ROI analysis.
A PASSION FOR SERVICE AND SUPPORT
Our passion begins with the consulting and sales process. We believe doing business should be easy. At Digital Designs we not only deliver the highest quality, most robust, and most manageable software solutions, but we also take great pride in our acclaimed customer service and support. Our Software Solution Specialists are on hand to provide timely answers to your questions and help you get the greatest value from your software investment.
Considering Your Bank for Virtual Payments?
- Just another system to manage with little payback
- No integration to your core accounting system
- Not flexible for integration or implementation
- Only focuses on a small percentage of your vendors
- Very small conversion rates from your vendors
- Typically has you managing the vendor file for card acceptance
- Costly to implement
- Has no workflow solution for your AP processes
- Reporting does not integrate with overall accounting reports, not very detailed, and no management dashboard
- Has low rebate fees (what else is new)
- Digital Designs provides integration connectors to numerous accounting systems
- With over 30 years' experience, if we do not have a connector for your system, we will build it at no charge to you
- IBM System I (iSeries)
- Legacy based systems & software
THERE IS A BETTER WAY
Call us today at 1-800-948-6293 to learn more about global document management solutions by Digital Designs.