“Customers now expect that if it says ‘ procure-topay ’, it better have the ‘ pay ’ as part of it , and it needs to be good ”
ERNEST ROLFSON , CEO & FOUNDER , FINEXIO
Q . IN WHAT WAYS DOES FINEXIO ’ S AP PAYMENTS AS A SERVICE SOLUTION CUT COSTS WHILE STRENGTHENING SUPPLIER RELATIONSHIPS ?
» The biggest way we help cut costs is by eliminating all paper , period . On day one of our service , our clients are no longer sending another cheque . Every single cheque is eliminated on the very first day . It ’ s completely digitised from their perspective in the back office , which is absolutely tremendous .
Secondly , we leverage AI and machine learning to predict supplier payment preferences with 90 %+ accuracy . We provide self-service tools , but we ’ re also leveraging data to know who we can target for outreach , who we can accelerate and who we can drive towards other digital means of adoption . Many of those payment methods drive further cost savings or cashback for our clients ,
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