Pairing technology and service in AP payments, so you can focus on the guest experience
The Hospitality industry is always looking to improve and provide top-tier service to all their guests. In the AP Payments as a Service industry, Finexio aligns with this same value to all customers. Hotels who use Finexio drive new efficiencies, increase payment security, optimize cash flow, and receive revenue back on payables.
- Digital Payments Technology: Investing in Payments Systems for the Digital Economy, PYMNTS.com
In the Hospitality industry, AP teams lack access to the necessary payment automation tools, technology and services, which require a lot of coordinated orchestration. Finexio’s AP Payments as a Service solve for this by offering secure, digital AP payment solutions that can be easily implemented, so teams can focus on more value-added business activities.
Whether it’s reconciling statements at the end of the month, or maintaining an audit of historical records, accounts payable is key to every Hospitality business. Hotels can benefit from Finexio’s AP Payments as a Service, which eliminates repetitive manual processing, and delivers faster and more secure electronic payments to your vendors.
By eliminating manual work, paper checks, and preventing errors so suppliers can be paid quickly and efficiently. Leverage revenue-generating payments by switching to suppliers to virtual card payments
By removing administrative payment tasks, check-runs, and supplier management, so your AP team can focus on other value-add activities
With insight into supplier payments and payment types, reconciliation, and other relevant reporting data.
By reducing payment management liability and removing security burdens caused from poor visibility into payment audit trails. Virtual cards are the most secure form of payment methods that suppliers could be accepting.
- The Strategic Role of the CFO: How AP and AR Digitization are Transforming Customer Relationships, PYMNTS.com
Revenue-generating virtual card payments.
Build and maintain healthy supplier relationships.
Easy to view remittance information.
