Xba - Ap Automation

the most expensive way to pay your suppliers and vendors is by paper check. it is estimated that most us companies still pay 70% of their accounts payable invoices by check, despite the fact that checks are the most expensive way to pay vendors. furthermore, various studies have concluded that the average cost of issuing checks range anywhere from $4 to $20 per check depending upon the business. to capitalize on this opportunity, our firm helps organizations to simplify their accounts payable process by reducing the volume of checks written to suppliers and converting them to more cost effective and risk adverse automation payments. the primary types of automation payments that we utilize are virtual credit cards (vcc) and automated clearinghouse (ach) payments. vccs are single, one-time use digital credit card numbers that are only valid until a payment is processed. for each payment made to a supplier, a 16 digital credit card number (not an actual plastic credit) is generat