Optimize and Simplify Your Payment Origination Process
PNC can help your organization transform its payables management process by developing a payment protocol - a strategic way to maximize value and achieve an optimum payment mix when converting from paper-based payments to electronic payments.
Payables Advantage takes the payment protocol to the next level by automating your disbursement payment function with a single transmission of consolidated payment files - check, card, ACH, and wire transfer.
You can also streamline invoice processing by automating receipt of invoices and managing approval workflow on line through A/P Advantage Invoice Automation. Converting paper invoices to electronic images enables you to efficiently match invoices to purchase orders, automate invoice routing/approval and expedite dispute resolution.
As a result, you can reduce the costs and maintenance of multiple payment systems. You can also choose when payments should be released, retaining the flexibility to control outbound cash flows, yet still satisfying your vendor's needs and ensuring that all payments are made on time.
Let PNC show you how to release all of your payments via one tool so you can spend more time focusing on your business.
|Learn more about PNC's Payables Advantage - download the Product Sheet.|
2008 AFP Payments Fraud and Control Survey
In January 2008, the Association for Financial Professionals (AFP) conducted a survey to spotlight the type and frequency of payments fraud experienced by organizations in 2007. The survey was a follow-up to similar AFP surveys conducted in each of the previous three years to measure the prevalence of payments fraud and the weapons that organizations deploy to defend against it.
This year's survey sought to reveal the gaps in payment systems defenses that resulted in financial liability for some organizations and the fraud control measures that other organizations use to prevent financial losses from payments fraud. Responses to the survey would identify best practices that protect organizations against fraud in check, ACH and card payments from both internal and external sources. The survey was also designed to focus attention on the security measures that organizations are adopting to protect online payments and cash management data.
Read the entire Report of Survey Results.
For details on using PNC's Payables Advantage service, contact your Treasury Management Officer.Click here to review the PNC General Disclosure.