Reynolds Electronic Payables
Digitize and streamline the way you handle invoices and pay vendors.
Paying your vendors is one of your reoccurring tasks that has never gotten easier. It takes hours to process and approve all your invoices, print checks, stuff envelopes, pay for postage, and get them in the mail. Then you wait for checks to clear. You are only able to do this once or twice a month, so some bills end up being paid weeks before they are due. You’re laying out cash early with no benefit to the dealership.
Your accounts payable process is in need of an overhaul. Reynolds Electronic Payables improves inefficient and costly A/P processes by digitizing and streamlining the entire workflow. Begin by uploading, reading, and routing your vendor invoice for approvals. When it comes time to pay the invoice, upload a single batch file and each individual invoice will be paid electronically on the precise day it is due. Plus, with the use of a virtual card, you can earn rebates on vendor payments, turning a traditionally costly process into a revenue generator.
Benefits of Reynolds Electronic Payables
Reduce the chance for human error by using OCR technology to build a digital accounting transaction.
Streamline your A/P processes with automated invoice routing for approvals and electronic vendor payments precisely when they're due.
Receive rebates on every virtual card payment that was previously paid by check.
Send payments directly from ERA-IGNITE for efficiency, speed, and accuracy.
Turn Accounts Payable into Your Newest Revenue Generator
Are you gambling with your dealership’s cash flow?
Subtract Bad Processes for Positive Cash Flow