In terms of overall AP processing efficiency and performance, Best-in-Class companies are between 5 and 6 times more likely to outsource payment processing and disbursement compared to Industry Laggards.*
As part of The Complete AP Solution, Anybill provides the following payment processing and disbursement services:
- Bank Integration – Anybill's account payable automation software will work with our client's bank to seamlessly integrate our payment processing and settlement services.
- ACH Management – Anybill will manage the ACH process when performing payment processing and settlement.
- e-Payment Processing – Anybill will process electronic payments upon request and within the client policy limitations for the vendor to be paid.
- Check Printing – Anybill will print checks with signatures and account numbers as specified by our client.
- Remittance – For payment by check, Anybill will stuff, stamp and send checks with remittance advice to the USPS for delivery to addressee.
- Fraud Protection – Anybill will assume all fraud risk when processing payments for clients. In addition, clients who choose to cut checks with Anybill also benefit from Reverse Positive Pay.
- Settlement – Anybill will track checks drawn on Anybill's account and post cleared checks for client review via AnyAP.
*A/P’s Continuing Journey: Outsource, Automate, Transform (December 2007)