Businesses still rely heavily on paper processes when paying their vendors. Given the technology available, this may come as a surprise. Using paper checks to pay vendors is costly, time-consuming and error-prone. And they often require headcount specifically for creating, processing and tracking them.

Accounting teams are essential for keeping funds flowing into and out of any dealership. No matter the number of rooftops, paper processes have long presented problems, especially for Accounts Payable (AP), who manage the vendor payments that keep your business running.

The reliance on modern technology tools, including instant payments, has opened new gateways for efficient transactions. Businesses can streamline their transactions without worrying about factors like payment security and delayed transactions. Real-Time Payments (RTP) and FedNow are the most recent wonders of finance innovation. These services have emerged as some of the fastest and most reliable payment channels in the U.S. We will walk you through a thorough comparison of RTP and FedNow to help you...

The future of payment technology holds many surprises for global business industries. We can expect numerous opportunities and benefits for businesses in the constantly evolving modern landscape of the finance industry. With the rising trend of online businesses, the need for fast and efficient payment services is evident. 

Merchants have successful businesses to run and rarely is there time to learn the numerous credit card and payment processing terms that make up the payments industry. Informed merchants are better positioned to negotiate lower rates and improve overall service. We have created this list of the top 40 payment processing terms as a quick and easy reference guide for industrious merchants. Our thought process is simple: the more you understand about the most common and confusing terms, the better prepared...

Learn more about the easiest way to process payments in your Sage ERP and better understand the common challenges and the easiest solution for processing payments in Sage.

We have gathered feedback from hundreds of customers regarding the challenges they had with payment processing before switching to REPAY. We have broken down all of this feedback and compiled a list of the most common challenges our merchants face with their payment processing before switching to REPAY, and why 96% of our customers...

In today’s fast-paced digital landscape, businesses continuously explore ways to streamline processes and enhance member experiences. One such success story involves a credit union’s strategic implementation of an online self-service portal for faster payments.

Heading into the final stretch of the year, businesses have a unique opportunity to pause, reflect and recalibrate their strategies. Checking in on the year-to-date is the cornerstone for assessing progress, planning for tax season, preparing necessary reports and setting additional goals. This comprehensive guide will provide tips on how businesses can optimize their review. 

In today's digital age, Homeowners Associations (HOAs) face the challenge of managing various financial transactions while maintaining accurate resident records. No matter the number of communities serviced, manual accounts payable (AP) processes can be time-consuming, error-prone and hinder the overall productivity of HOAs. However, by embracing AP automation, HOAs can revolutionize their payment processes, increase efficiency and unlock valuable time and resources. This blog will explore the advantages...

In today's fast-paced world, the automation of various business processes has become essential for organizations to improve efficiency and reduce manual errors. Educational institutions, from colleges and universities to public and private schools, handle various financial transactions such as tuition collection, lunch funds, paying external vendors and suppliers and more. Automating their accounts payable (AP) processes can significantly benefit any educational institution.