Electronic payables (ePayables) are an alternative type of Commercial Card solution designed to capture spend that end-users do not usually push through the traditional P-Card channel. Moreover, they offer additional controls, but typically not as much process savings as P-Cards. See also an overview of Commercial Cards.
These solutions are also known as electronic accounts payable (EAP). See related insight on EAP by RPMG Research Corporation. Further, depending on the type, they are also associated with various other terms: push payments, straight-through payments (STP), buyer-initiated payments (BIP), supplier-initiated payments (SIP), Virtual Cards, single-use accounts (SUA), etc. Each provider has a proprietary name for its solution and the functionality varies for each.
The Mechanics of ePayables
- How suppliers get paid with the different types of ePayables
- Benefits and how ePayables compare to P-Cards
Buyer-initiated vs. Supplier-initiated Options
The three resources listed below delve deeper into the two main types—buyer-initiated payments (BIP), also called push payments, and supplier-initiated payments (SIP) like Virtual Cards and single-use accounts.
- Insight from an end-user with diverse experience
- Why one bank opted out of Virtual Cards
- Insight from Bora Payment Systems LLC, a BIP provider
- Virtual Card acceptance made easy
- Strategies for enrolling suppliers in your Virtual Card program
- Effectively on-board suppliers to avoid the re-board blues
- Raising the bar on vendor enrollment (a blog post by AOC Solutions in which Recharged Education is quoted)
ePayables and Your Payment Strategy
- How ePayables can be a bridge to something better
- Developing a payment strategy that includes P-Cards and ePayables
- Identifying when to use ePayables
- Virtual Card usage for lodging expenses
See also broader resources pertaining to payment strategy.