As you look to gain efficiencies and cut costs by migrating to more electronic payments, U.S. Bank Consolidated Payables can help. Consolidated Payables enables you to send U.S. Bank a single electronic file combining instructions for up to four different payment types-checks, wire transfers (both domestic and foreign currency), Automated Clearing House (ACH) and cardless payment accounts.
You simply dictate the payment type for each transaction, as well as the payment amount and the day you want to pay, and U.S. Bank handles the processing and payment delivery. Best of all, U.S. Bank's robust data translation facility enables you to submit your payment instructions in whatever format your financial system generates.
Consolidated Payables helps your Accounts Payable organization:
For organizations utilizing SAP®, you can further streamline operations by integrating your SAP system with U.S. Bank's Consolidated Payables service. The SAP Consolidated Payables Link for U.S. Bank application, allows you to create a single payables file within your SAP system and transmit to U.S. Bank for processing, eliminating the need to develop separate file formats and custom interfaces between your ERP and bank.
- Gain cost savings
- Realize greater efficiencies
- Enhance control and cash flow
- Improve strategic vendor relationships
Learn more about U.S. Bank Consolidated Payables.