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PayStream Advisors delivers unbiased, third-party market trend information, assessments of financial automation technology, and innovative ideas to business leaders in healthcare, consumer billing, finance and treasury, accounts receivable and accounts payable.

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Electronic Payments Report: Streamline Purchase-to-Pay, Reduce Costs

Publication Length: 44 Pages
Publication Date: 5/1/2010
Publisher: PayStream Advisors

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PayStream has developed a Technology Insight Series report — Electronic Payments: Streamline Purchase-to-Pay, Reduce Costs — to provide an overview of the electronic payment landscape and address the following questions generally asked by finance managers:

• What challenges are organizations facing when it comes to manual settlement processes? What factors are driving the migration from paper checks to electronic payments?
• In spite of the widespread availability of ePayments and their tangible benefits, why are more than 75 percent of B2B payments settled via checks? What barriers are hindering further adoption of ePayments and how can they be overcome?
• What are the different types of electronic payments? How do ACH payments, wire transfers, and purchasing card transactions differ from one another? What benefits does each ePayment tool deliver?
• What related developments in the procure-to-pay space are impacting the growth of electronic payments? Where does ePayments fit in a broader P2P automation roadmap?
• What are the functional components of an ePayment solution? Who are the key players in this space? What solution functionality is available from these technology vendors?
• What are some of the best practices innovator companies are following in order to streamline their payment processes and increase the usage of electronic payments?

The report also features profiles of five leading providers in the electronic payments space – American Express, Bottomline Technologies, J.P. Morgan, TradeCard and Vendorin.

Table of Contents

1. Introduction
2. Case for ePayments Automation
3. Electronic Payment Types
4. ACH Transactions
5. Wire Transfers
6. Corporate Purchasing Cards
7. Different Flavors of P-Cards
8. ePayables Innovations
9. Learn from the Innovators
10. ePayments Solution Functionality
11. Solution Profiles
12. Evaluating ePayment Vendors
13. About PayStream Advisors, Inc.