B2B payments can now be part of your digital transformation strategy. Venture Solutions offers a solution that bypasses check production entirely, converting supplier transactions into an electronic credit card, ACH, or substitute check.
Faster B2B payments that save you money.
Avoid the risks of printed check stock with electronic payments.
Eliminate delayed payments caused by handling and mailing.
Electronic card funds are guaranteed by Visa/Mastercard.
We coordinate with the suppliers willing to participate.
If your supplier payments are converted into electronic credit cards, those credit card companies will send you a rebate payment for bringing the transaction to them. So, not only can you reduce operational costs incurred by printing checks for every supplier payment, but you can even generate revenue at the same time.
One of the risks of relying on printed checks for transactions is that you cannot complete your payment to suppliers until they physically have the check in hand. Delays in print production or mail delivery might mean complicated accounting reconciliations for both you and your suppliers. Electronic payments avoid those risks and reduce the number of inquiries from suppliers about payment status.
Payment Optimization is simple with Venture Solutions. The client sends us their check payments file which is then reviewed for any businesses that have opted in for electronic payment. If a supplier is enrolled, their checks are converted into their preferred payment method and delivered via email with payment instructions. If they are not enrolled, their checks are printed and delivered as usual. It's that easy!
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