In today’s fast-paced business environment, efficiency, security, and profitability are more important than ever. If your business is still making payments to vendors and suppliers through ACH or checks, you may be missing out on a huge opportunity. It’s time to stop leaving money on the table and start taking advantage of the financial benefits that come with switching to virtual card payments.
At Business Solutions Group, we specialize in helping businesses transform their Accounts Payable (AP) processes by moving away from traditional payment methods to digital payments that not only streamline operations but also generate revenue. By switching to virtual card payments, businesses can earn rebates of up to 1.5% on every dollar spent. That’s $150,000 back on every $10 million spent — and who wouldn’t want to turn their AP department into a profit center?
Many businesses still rely on checks and ACH payments for vendor transactions, but these methods are outdated and come with a host of inefficiencies. Checks are slow, can be easily lost or delayed, and don’t offer the same level of security as digital payments. ACH payments, while faster than checks, still don’t provide the same level of visibility or potential for rebates that virtual cards offer.
With virtual card payments, businesses can unlock several key benefits that contribute to greater efficiency, security, and profitability:
Virtual card payments offer businesses the opportunity to earn up to 1.5% in rebates on every dollar spent. This can quickly add up, especially for businesses that process large volumes of vendor payments. If your business processes $10 million in payments, that’s $150,000 in rebates. Over time, these rebates can add up to a significant revenue stream that can be reinvested back into your business.
Managing vendor payments can be a complex, time-consuming task. With the Virtual Card program, Business Solutions Group helps simplify this process by eliminating paper checks and reducing reliance on ACH payments. Payments are processed digitally, providing businesses with more control, better visualization of spend, and faster transactions.
Virtual card payments offer enhanced security compared to traditional methods. Since each payment is made through a unique, one-time-use virtual card, there’s a significantly reduced risk of fraud or payment disputes. Both businesses and vendors benefit from faster, more secure transactions, creating a safer and smoother payment experience.
Unlike many payment solutions that charge fees for processing payments, Business Solutions Group’s Virtual Card program charges no fees at all. Instead of paying for the service, your business is rewarded. You earn rebates on every payment, which means you get money back just for using the service.
Making the switch from traditional payment methods to digital payments can seem daunting, but Business Solutions Group takes care of the heavy lifting. We work directly with your vendors to handle the transition, enrolling them in the program and ensuring that payments are processed smoothly. We also provide all necessary communication, and our dedicated team monitors payments so you can focus on what really matters: growing your business.
The process to start earning rebates is simple. Here’s how it works:
That’s it! The process is designed to be hassle-free, with no disruption to your business operations. We handle everything from vendor enrollment to payment monitoring, ensuring that your transition to digital payments is as smooth as possible.
With over 25 years of experience in payments and AP automation, Business Solutions Group has a proven track record of helping businesses optimize their AP processes. We’ve processed over $1 billion in annual payments and have over 500,000 enrolled vendors. Our powerful, all-in-one payment technology platform helps businesses automate their entire AP lifecycle, from invoice approval to payment reconciliation.
By choosing Business Solutions Group, you’re partnering with a team that’s committed to making your AP process more efficient and profitable. We understand that every business is unique, and we tailor our solutions to meet your specific needs.
Transforming your AP process into a profit center is easier than you think. With Business Solutions Group’s Virtual Card program, you can start earning rebates on every payment you make, streamline your operations, and reduce costs — all without disruption.
Click here to schedule a call with our experts today and start saving!
Maximize your AP potential with Business Solutions Group. Simplify, secure, and profit from every payment.