{"id":21512,"date":"2019-01-08T05:00:10","date_gmt":"2019-01-08T13:00:10","guid":{"rendered":"https:\/\/www.yardi.com\/blog\/?p=21512"},"modified":"2020-12-25T01:34:27","modified_gmt":"2020-12-25T09:34:27","slug":"ap-efficiency","status":"publish","type":"post","link":"https:\/\/www.yardi.com\/blog\/ap-efficiency\/","title":{"rendered":"AP Efficiency"},"content":{"rendered":"

Property managers can save time, reduce errors and decrease paper use with Yardi Bill Pay<\/a>, an automated vendor payment solution.<\/p>\n

Yardi Bill Pay, part of the Yardi Procure to Pay Suite<\/a>, automates check writing, electronic payments and credit card processing for accounts payable (AP). Payments are issued and distributed, then recorded in the user\u2019s Yardi Voyager database in real time. Yardi Bill Pay works seamlessly with approval workflows. Just click a button to authorize Yardi to make the payment on your behalf via ACH, check or credit card.\"\"<\/a><\/p>\n

The solution pulls daily payments from the user\u2019s database, creates and transmits files to the user\u2019s banking network, then sends acknowledgement files back to Yardi Voyager.<\/p>\n

Yardi Bill Pay users have always been able to process incoming payments for accounts receivable, and they can now manage that process and AP from one platform.<\/p>\n

More than a passive routing system, Yardi Bill Pay can be an active revenue earner by turning AP in a revenue center with credit card payments. Clients have the option of obtaining single-use Mastercard\u00ae<\/sup>-branded virtual card numbers to make payments to their vendors. Yardi completes the entire paperless transaction through vendor payment.<\/p>\n

Benefits of the credit card option include:<\/p>\n