Visa has announced the introduction of Visa Accounts Payable Automation, a new service designed to help large and mid-sized businesses reduce costs associated with expense management, purchasing and accounts payable processes.
Visa said that Visa Accounts Payable (AP) Automation is an enhancement to its portfolio of commercial payment products and services. The integration capabilities are enabled by Visa Data Integration Services, a suite of new commercial payment tools and applications that includes connectivity, file mapping, data enrichment and transformation solutions that can help businesses and banks eliminate time-consuming data integration implementations, added Visa.Darren Parslow, head of global commercial solutions at Visa, said: "With the introduction of Visa AP Automation, it is now even easier for companies to eliminate costly check and paper-based processes and enjoy the potential cost saving and efficiency improvements associated with Visa Purchasing card transactions."
