A Note from Jeff Felser
Welcome to the latest edition of Payment Solutions News. In this issue, you'll discover how PNC's Payables Advantage can help optimize and simplify your payment process. Plus you'll learn how a leading packaging company put Payables Advantage into action to streamline their payment disbursement process.
We also want to highlight our annual User Group, which was held last month in Chicago. Clients enjoyed presentations on topics such as Visa's Payment Fraud Prevention initiative, and shared experiences and insights with each other. The event culminated with an inspiring keynote address by legendary coach Mike Ditka.
We appreciate your business.
Senior Vice President
AEP Industries streamlines payment process with Payables Advantage
AEP Industries, a leader in flexible packaging products, worked with PNC to develop a low-cost, automated payment system. Their recent implementation of Payables Advantage allowed them to centralize disbursement of all payments, saving valuable time and manpower.
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Enjoy greater efficiency with total payment automation
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.
PRODUCT SPOTLIGHT: PAYABLES ADVANTAGE
Reduce the cost and maintenance of managing multiple payment systems
Payables Advantage is an efficient way to centralize your payment origination process, and convert from paper-based to electronic payments. It automates disbursement of all your payments (check, card, ACH and wire transfer) with a single transmission of files. This can drastically reduce the time, risks and expense of maintaining multiple payment processes and systems in-house.
ACHIEVEMENT IN NUMBERS
By automating your payable processes, you can save up to 91% in invoice processing costs.*
*E-Payables: Advancing Payable Automation, Research Brief, Aberdeen Group, March 2007.
Deliver your remittance information automatically
With Payables Advantage, you can have payment data sent directly to your vendors via email or fax.
Mark Your Calendars!
Visa is hosting a Webinar to help card clients review current IRS 1099-MISC filing requirements and review the changes that will take place over the next few years. Linda McGee of Visa's Commercial Information Management team and Paula Porpilia of TIN Compliance Consultants will provide an update on reporting changes that were recently finalized by the Internal Revenue Service and how these regulations will impact your reporting to the IRS over the next few years.
Details on how to register are below:
IRS Compliance Rules Webinar
Date: Thursday, November 18, 2010
Time: 11 a.m. PT / 1 p.m. CT / 2 p.m. ET
Duration: 1 Hour
To register for this session click here
Once the host approves your registration, you will receive a confirmation email with instructions for joining the session.
To learn more, contact us today or call Melinda Jensen at 216-222-7999.
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