Vendor Payment Management Jeff DeMeo Business Development Manager The ADP logo and ADP are registered trademarks of ADP, Inc. In the business of your success is a service mark of ADP, Inc. © 2012

Agenda  Move to Digital  ACH Payments  Costs  Fraud  Supplier Portal

Digital is mainstream © Copyright 2012 ADP, Inc. Proprietary and Confidential Information.

Invoicing and payments… Companies and vendors are making the move to electronic payments * Electronic Payments Study, Association of Finance Professionals, 2010 (49% of vendor payments by check) Over 1/2 of vendor payments are made electronically 5% and growing at over each year * 

Benefits of Making ACH Vendor Payments  Lower Printing and Processing Costs  Greater Security from Fraud  Positive Pay, No Access to Checks  Less Manual Activity and Greater Staff Productivity  Better Cash Management  Visibility into Payment Lifecycle  Improved Vendor Relationships

ACH Payments Benefits of Electronic Payments

Bank of America Study “A business check can cost an aggregate of $4 to $20, based on the price of the check and shipping, plus the time employees spend writing, mailing, collecting and reconciling the check.”

Fraud Prevention

Fraud Prevention. ACH is Most Secure.

Check Fraud The most prevalent check fraud methods in % counterfeiting by altering the MICR line on a check. 52% alteration of the payee name

Check Fraud 31% Counterfeited checks with a names drawn on a fake or another organization’s account information 37% Alteration of the dollar amount on issued checks

Fraud Prevention 45% of organizations that experienced fraud from cards in 2013 suffered fraud associated with their own commercial cards

Vendor Payments Portal  Vendor Self-Service – Ownership of payment information shifts to vendors  Vendors enter payment information  Vendors gain visibility into payment status  Reduce inquiries and burden on your staff

Vendor Payments Portal V W X Y Z Staying Connecting in the Cloud Clients/Buyers Suppliers/Vendors Visibility Supplier Self Service Payment Scheduling Reporting Support Buyer Fraud Compliance Working Capital Optimization Improved disaster recovery ACH onboarding Foundation for eInvoicing

ADP is so much more than payroll. Welcome to more. Thank you Jeff DeMeo Business Development Manager OpenInvoice.com

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