Every 15th of the month, you go online to pay your bills. It takes a few clicks and, within a few minutes, you’re done. Afterwards, there’s one less task on your plate.
But then, you decide to add a sunroom onto your house. Disappointingly, you discover that none of the small contractors and sole proprietors (like the flooring guy) offer an online payment option.
Consequently, you have to dig around for the check book, write multiple checks, and mail them. Then, you hope the US postal service delivers the checks on time.
The same thing happens with companies who pay hundreds – or thousands – of vendors with an AP payments solution. They automate their payments because they want the efficiencies of online payments. And yet they still have to write checks for those SMBs or small proprietors who can’t accept card payments.
For that reason, Nexus has added a new SMB virtual card payments service to its AP Payments solution.