Save time by focusing on production
rather than making manual payments
The high number of invoices and manual paper-based processes in Manufacturing can be costly. Manufacturers who use Finexio eliminate mountains of paper, lower payment costs, and see all their payables in one clean dashboard, ultimately freeing their accounting team’s time for high-value activities.
- AR/AP Digitization and the Push to Enhance Customer Value, PYMNTS.com
The increasing need for skilled workers combined with labor shortages is a major problem. Finexio’s AP Payments as a Service can solve for this by freeing up your existing accounting staff’s time, even reducing the need to increase headcount as your business grows. In fact, manufacturers are known to save up to 84% of their staff’s time with Finexio, who handles all the work for you upon invoice approval.
The ever-changing landscape of production and distribution increases the need to remodel accounts payable in manufacturing. Manufacturers can benefit from Finexio’s AP Payments as a Service, which eliminates paper checks, manual payment processing, and supplier exception handling, while seamlessly moving payments to secure electronic payment methods.
By eliminating manual work, paper checks, and preventing errors. Leverage revenue-generating payments by switching 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.
- John Kates, CEO of Gallagher Fluid Seals, Inc.
- Daniel Condon, CFO at Phoenix Stamping
Eliminate manual paper-based processes.
Full visibility into payments data.
Build healthy supplier relationships.
