Virtual Ease

By on Sep 27, 2019 in News

Paying for the materials and services that keep a property running smoothly has never been simpler or more convenient. That’s because Yardi Bill Pay now allows payments with Mastercard-branded virtual credit cards.

Property managers can execute the entire vendor payment transaction process with a single-use virtual card number. The process embeds transaction-level controls and leverages existing workflows, which saves time and money previously required to process paper checks, complete payment file uploads and retrain staff. Built into Yardi Voyager, the system requires no interaction with other data sources.

Property managers gain full control and visibility over spend while avoiding per-transaction fees associated with checks and ACH. Vendors, who must be enrolled in VENDORCafé to participate in Yardi Bill Pay, get paid faster and simplify their reconciliations.

“Mastercard is committed to provide secure, efficient and paperless payments for the property management industry,” said Marie Aloisi, Mastercard senior vice president, business development, U.S. “The Yardi Bill Pay solution, powered by Mastercard’s virtual cards, benefits supplier by providing faster payments and reconciliation tools to ensure a seamless experience for all parties.”

“Users need only initiate a payment in Yardi Voyager and Yardi Bill Pay completes the entire paperless process. Vendors can earn preferred supplier designation, reduce the need for credit checks and collection efforts, improve their cash flow and shorten their days sales outstanding,” said Akshai Rao, vice president of Yardi Procure to Pay and Energy.

Call 800-866-1144 for more information about Yardi Bill Pay and the Mastercard virtual credit card.