New! Staffing Shortages, a Looming Recession, and how Senior Living Communities are Leveraging Accounts Payable Automation: While there is no one way to fix severe staffing shortages and the looming threat of a recession, automating repetitive and time-consuming tasks is a good starting point for success. By automating AP, aging services organizations can achieve economic resilience during an economic downturn while overcoming additional challenges. Click Here to Read More.
Paymerang Payment Automation means faster payments for suppliers.
It’s just that simple.
Paymerang processes billions in payments annually for clients around the country in diverse sectors including banking, education, healthcare, media, manufacturing and services. Our payment network spans 200,000+ suppliers from coast to coast, with 75% receiving electronic payments over traditional checks.
Protected payments. Proven profit.
By enrolling suppliers in electronic payments, we dramatically cut back the waiting time between when they submit an invoice and when they get paid. Not only that, but electronic payments reduce the risk of check fraud, and all payments made through our network are protected from fraud
With Paymerang you get:
- Greater efficiency through processing and payment reconciliation
- Greater security through encrypted account data and two levels of authentication
- Greater speed though fast implementation and an easy-to-use interface
- Greater support through a dedicated team of payment specialists
A massive labor shortage is gripping corporate America. Higher wages, fat signing bonuses, staff training and other enticements only go so far with job seekers and employees. The key to attracting and retaining top talent in the finance office is to digitally transform the Accounts Payable (AP) function into a more rewarding and strategic role, where staff have the automated, personalized tools that they need to be productive anywhere. Click here to read the full article.
“We’ve only been with Paymerang for a short time. I only wish we found out about it sooner! The fully automated system saves us time and money. The people are wonderful to work with. We signed up right at the start of COVID and they were very patient with us as we worked through the implementation. All while we were working from home. They do all the work with the vendor and make is so easy. This was a big Win Win!” – Harbor’s Edge
“Despite the COVID19 health crisis, we were able to implement Paymerang in about a month and streamline our entire accounts payable process – saving our accounting team valuable time and resources. The service has enabled us to work remotely if we have to and still make payments” – Westminster Canterbury Richmond
With Paymerang, you get a new revenue stream without paying anything out of pocket for our services. Your suppliers get faster payments. And you can reclaim hundreds of ours for your finance team. It’s a win-win-win.
Read more on the Paymerang blog.
Paymerang’s Revolutionary Work in Senior Living Accounts Payable Results in Substantial Growth: Paymerang has witnessed phenomenal growth in senior living Accounts Payable over the past five years and now serves more than 200 communities in 20 states nationwide. Before Paymerang’s expansion in the long-term care space, Accounts Payable (AP) Automation was nonexistent. Paymerang quickly recognized the need for finance automation within the industry, achieved product-market fit, and grew its customer base by providing users with a streamlined AP automation platform. Click Here to Read More.
4 Ways to Protect Yourself From Phishing Emails: Business email compromise, phishing scams and ransomware attacks are all top of mind for finance teams in the new year. A recent survey by the Association of Finance Professionals found that 61% of respondents indicated that their Accounts Payable department was the most vulnerable business unit targeted. Digitizing the procure-to-pay process significantly decreases the risk of fraud, as it offers document encryption, multi-factor authentication, and reduces the risk of data breeches with secure cloud-based systems. Click Here to Read More.
Ignore These Myths About Cloud Technology and Maximize Your AP Performance: In today’s world, a rapidly evolving labor market and economy leave finance departments with no choice but to do more with less. At the same time, the desire to reduce operations costs, increase productivity to free up staff to focus on value-added activities, and maximize limited capital budgets and IT resources remain the same. While Accounts Payable (AP) automation quickly makes these goals more attainable, many accounting departments still use manual, paper-based processing, preventing them from operating proficiently. Migrating AP to the cloud – processing, storing, and accessing information via the Internet, rather than using a local hard drive – overcomes many operational issues that AP departments face. Click Here to Read More.
6 Common Myths About Finance Automation Implementation: Finance automation uses machine learning and artificial intelligence (AI) to streamline accounting processes, enabling AP practitioners to dedicate more time to strategic initiatives and value-added activities relevant to their industry. While 80% of finance leaders agree finance must significantly accelerate its implementation of digital technology to effectively support the business by 2025,1 many are often hesitant to implement because of some of the myths about automation. Click Here to Read More.
B2B Healthcare in the U.S.: The Next Frontier For Digital Payments: While the world is increasingly moving toward digital payments, commercial healthcare has been slow to catch on. Nearly 85 percent of healthcare procurement, in which hospitals and healthcare providers purchase medical supplies and equipment, is paid manually via paper checks.1 This can result in significant operational inefficiencies and financial losses. Click Here to Read More.
Learn More About Paymerang in the LeadingAge Buyer’s Guide.