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Supplier Payment Optimization

Doug Seaberg
Doug Seaberg

Store Financial offers a supplier payment optimization platform using virtual cards that provides benefits to both businesses and their suppliers. Their private label virtual card program generates rebates for businesses based on supplier enrollment and usage. Store Financial aims to enroll more suppliers through education and outreach compared to other payment solutions. They provide end-to-end payment control, security through their proprietary payment network, simple implementation, ongoing enrollment support, and help reduce costs and risks for businesses while offering suppliers faster payment processing and support.

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Store Financial / 7171 W. 95th Street, 4th Floor / Overland Park, KS 66212 / 800.755.5001 / www.storefinancial.com Store Financials Supplier Payment Optimization platform is a cost-saving, revenue-generating payment solution. Our unique virtual card (v-card) platform easily integrates with your existing check and ACH payment process, resulting in improved efficiencies for both you and your suppliers. Receive More Rebates Store Financials private-label v-card platform has a ladder of v-cards with lower card-acceptance fees, versus the usual high fees on other v-card and purchasing card (p-card) programs. Lower card-acceptance rates encourage your suppliers to enroll, enabling you to earn more rebates. The more Store Financial v-cards are utilized, the more rebates you earn. Enroll More Suppliers Our Supplier Payment Optimization program helps us convert more of your suppliers than any other payment card solution. Store Financial heightens enrollment by continuing the communications process with suppliers including those that have rejected v-card programs in the past and educating them about this new opportunity for lower-rate v-card payments. End-to-End Payment Control We manage both issuing and acquiring services for business to business (B2B) v-card payments, which uniquely allows us to control and optimize the total cost of v-card payments for participating suppliers. Reduce Risk Store Financial provides a fully payment card industry (PCI) compliant data center which stores and manages your suppliers payment and bank account information, so you dont have to assume this ever-increasing risk. 2015 息Store Financial. All rights reserved. This document contains Store Financial confidential and/or proprietary information which may not be reproduced or transmitted without the express written consent of Store Financial. Supplier Payment Optimization Virtual Card Payments At a Glance As an expert in commercial payments, Store Financial partners with corporate buyers to offer a Supplier Payment Optimization program that complements their existing supplier payment strategies. Even if you have already implemented a purchase card or virtual card program, Store Financials solution is designed to provide the highest total rebates on B2B spend while lowering your costs and reducing risk. Earn Rebates Reduce Costs Improve Processes
Store Financial / 7171 W. 95th Street, 4th Floor / Overland Park, KS 66212 / 800.755.5001 / www.storefinancial.com Most Secure Way to Pay Suppliers Store Financials proprietary Custom Loop network only allows payment of funds to suppliers enrolled in your supplier network. This capability virtually eliminates your v-card payments exposure to fraud and provides a more secure payment than check, automated clearing house (ACH) or other v-card payments. Simple Implementation Implementation is simple and straightforward. There are no changes to your enterprise resource planning (ERP) and accounts payable systems, and there are no changes to your bank relationships. To begin the program, simply provide us with a list of your suppliers. Store Financial handles everything else including individually contacting all your suppliers using a fully customized, co-branded campaign. Continuous Enrollment Effective supplier enrollment is not a one-time effort. Store Financial provides ongoing support, marketing and communication with your suppliers regarding their payment preferences to make sure they are in line with your customized v-card payment initiative. As your supplier list changes, Store Financial continues to enroll new suppliers and assists in managing their payment information. No IT Support Required Store Financial accepts any payment file from your accounts payable system and provides the payment confirmation files in the format your accounts payable system needs for easy reconciliation. Store Financial provides payment remittance data for your suppliers accounts receivable system so that your IT staff is not burdened with these requests. Reduce Cost Studies have shown that the total cost of paying with a check ranges between $5 and $20 depending on the costs included for lost or stolen checks and check fraud. Using positive pay with checks costs even more. ACH payments are costly if your suppliers do not receive adequate remittance information. Store Financials Supplier Payment Optimization program lowers the number of ACH payments and checks that are necessary, reducing these costs. Eliminate 1099s You have enough to worry about simply running your business, which is why we also help you with 1099 reporting. When suppliers move to card acceptance for payments, the card acquiring companies are responsible for preparing and filing 1099s. Store Financial relieves you of this responsibility so that you can focus on your business. Supplier Benefits Store Financial delivers compelling benefits to your suppliers, such as: Assurance of timely payment Delivery of remittance data improves your suppliers reconciliation efforts, which increases their efficiencies. Online portal provides ease-of-use and transparency into your suppliers payments Suppliers receive v-card payments much faster than checks V-cards clear faster than checks, potentially reducing days sales outstanding First-line support is available to suppliers regarding status of their payments Suppliers without card acceptance capability can easily and quickly accept v-card payments with the help of Store Financial We can provide a confidential analysis of the Supplier Payment Optimization and v-card program at no cost to you. The analysis includes a review of your suppliers and an estimate of your total potential rebate utilizing our unique v-card program. Contact us today. FL_0010_v1_021915 2015 息Store Financial. All rights reserved. This document contains Store Financial confidential and/or proprietary information which may not be reproduced or transmitted without the express written consent of Store Financial.

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Supplier Payment Optimization

  • 1. Store Financial / 7171 W. 95th Street, 4th Floor / Overland Park, KS 66212 / 800.755.5001 / www.storefinancial.com Store Financials Supplier Payment Optimization platform is a cost-saving, revenue-generating payment solution. Our unique virtual card (v-card) platform easily integrates with your existing check and ACH payment process, resulting in improved efficiencies for both you and your suppliers. Receive More Rebates Store Financials private-label v-card platform has a ladder of v-cards with lower card-acceptance fees, versus the usual high fees on other v-card and purchasing card (p-card) programs. Lower card-acceptance rates encourage your suppliers to enroll, enabling you to earn more rebates. The more Store Financial v-cards are utilized, the more rebates you earn. Enroll More Suppliers Our Supplier Payment Optimization program helps us convert more of your suppliers than any other payment card solution. Store Financial heightens enrollment by continuing the communications process with suppliers including those that have rejected v-card programs in the past and educating them about this new opportunity for lower-rate v-card payments. End-to-End Payment Control We manage both issuing and acquiring services for business to business (B2B) v-card payments, which uniquely allows us to control and optimize the total cost of v-card payments for participating suppliers. Reduce Risk Store Financial provides a fully payment card industry (PCI) compliant data center which stores and manages your suppliers payment and bank account information, so you dont have to assume this ever-increasing risk. 2015 息Store Financial. All rights reserved. This document contains Store Financial confidential and/or proprietary information which may not be reproduced or transmitted without the express written consent of Store Financial. Supplier Payment Optimization Virtual Card Payments At a Glance As an expert in commercial payments, Store Financial partners with corporate buyers to offer a Supplier Payment Optimization program that complements their existing supplier payment strategies. Even if you have already implemented a purchase card or virtual card program, Store Financials solution is designed to provide the highest total rebates on B2B spend while lowering your costs and reducing risk. Earn Rebates Reduce Costs Improve Processes
  • 2. Store Financial / 7171 W. 95th Street, 4th Floor / Overland Park, KS 66212 / 800.755.5001 / www.storefinancial.com Most Secure Way to Pay Suppliers Store Financials proprietary Custom Loop network only allows payment of funds to suppliers enrolled in your supplier network. This capability virtually eliminates your v-card payments exposure to fraud and provides a more secure payment than check, automated clearing house (ACH) or other v-card payments. Simple Implementation Implementation is simple and straightforward. There are no changes to your enterprise resource planning (ERP) and accounts payable systems, and there are no changes to your bank relationships. To begin the program, simply provide us with a list of your suppliers. Store Financial handles everything else including individually contacting all your suppliers using a fully customized, co-branded campaign. Continuous Enrollment Effective supplier enrollment is not a one-time effort. Store Financial provides ongoing support, marketing and communication with your suppliers regarding their payment preferences to make sure they are in line with your customized v-card payment initiative. As your supplier list changes, Store Financial continues to enroll new suppliers and assists in managing their payment information. No IT Support Required Store Financial accepts any payment file from your accounts payable system and provides the payment confirmation files in the format your accounts payable system needs for easy reconciliation. Store Financial provides payment remittance data for your suppliers accounts receivable system so that your IT staff is not burdened with these requests. Reduce Cost Studies have shown that the total cost of paying with a check ranges between $5 and $20 depending on the costs included for lost or stolen checks and check fraud. Using positive pay with checks costs even more. ACH payments are costly if your suppliers do not receive adequate remittance information. Store Financials Supplier Payment Optimization program lowers the number of ACH payments and checks that are necessary, reducing these costs. Eliminate 1099s You have enough to worry about simply running your business, which is why we also help you with 1099 reporting. When suppliers move to card acceptance for payments, the card acquiring companies are responsible for preparing and filing 1099s. Store Financial relieves you of this responsibility so that you can focus on your business. Supplier Benefits Store Financial delivers compelling benefits to your suppliers, such as: Assurance of timely payment Delivery of remittance data improves your suppliers reconciliation efforts, which increases their efficiencies. Online portal provides ease-of-use and transparency into your suppliers payments Suppliers receive v-card payments much faster than checks V-cards clear faster than checks, potentially reducing days sales outstanding First-line support is available to suppliers regarding status of their payments Suppliers without card acceptance capability can easily and quickly accept v-card payments with the help of Store Financial We can provide a confidential analysis of the Supplier Payment Optimization and v-card program at no cost to you. The analysis includes a review of your suppliers and an estimate of your total potential rebate utilizing our unique v-card program. Contact us today. FL_0010_v1_021915 2015 息Store Financial. All rights reserved. This document contains Store Financial confidential and/or proprietary information which may not be reproduced or transmitted without the express written consent of Store Financial.