1. ePayables 2.0

2. What is ePayables?
ePayables is a card program that moves the back-end payment process (check, EFT) to a credit card without affecting inventory reconciliation
Invoice is received, aged and processed, but the payment is made in form of Card and not check.

3. Process Flow Supplier is notified by e-mail when funds are available
Supplier then processes credit card transaction (cannot process for more than authorized)
Funds are deposited in the Supplier’s account within 48 hours of the transaction

4. Processor (US Transactions Corp)
ePayables 2.0 Accounts Payable Automation Process
ePayables Funds
Vendor Card
Funds Deposited
(48 Hours)
ePayables
Processes A/P
File
Invoice Received
And Approved
Oracle/AP
Card
Processor (US Transactions Corp) 
Remittance
Advice
Supplier
Charges Card

5. Cost of Program
Supplier – Discounted interchange fees for processing credit card transactions over $10,000
Rate is based on Visa Large Purchase Advantage program

6. Supplier Benefits Reduced Days Sales Outstanding
Improved cash forecasting
Eliminates check processing
Receives payment in 2-3 days
Eliminates risk of check delays

7. What happens next?
Once Agreement to Enroll is reached:
Supplier is provided a Visa credit card number and expiration date.
The Supplier account is changed in the Sonoco system as ePayables
Next invoice received will be paid through ePayables
Supplier receives Remittance Advice
Use free software provided by US Transactions Corporation to process transactions

8. Sample Remittance e-Mail

9. Processing Transaction

10. Processing Transaction