Commerce Gateway Payables

Commerce Gateway Payables

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800-810-5625

Simplify your payables by breaking down traditional barriers to electronic payment adoption with BB&T's Commerce Gateway Payables. It is a fully integrated, end-to-end solution that streamlines accounts payable processes and can substantially reduce cost.

With Commerce Gateway Payables, your organization can easily realize the benefits of today's more efficient payment and remittance technologies.

Improve Efficiency

  • Lower overall payment processing costs
  • Eliminate manual processes and reduce errors
  • Simplify reconciliation through automation and integration of all payments

Accelerate Conversion to Electronic

  • Expand e-payment adoption with vendor assistance
  • Improve relationships with trading partners
  • Earn rebates for Virtual Card payments (if eligible)

Strengthen Control and Risk Management

  • Reduce risk of payments fraud
  • Strengthen controls from built-in workflow and multi-layer security features
  • Deliver remittance information to suppliers via web portal or EDI

Enhance Working Capital

  • Optimize your cash conversion cycle
  • Extend Days Payables Outstanding when converting payments to Virtual Card
  • Increase accuracy of cash forecasting

Through a web-based application, your company connects securely to Commerce Gateway Payables to manage payment processing jobs from start to finish.

Here's how Commerce Gateway Payables works:

  1. Transmission of Payment Instructions

    Using our intuitive web application, your company's authorized user transfers payment instructions and remittance detail to BB&T in virtually any data file format.

  2. Validation & Approval

    A second user with the appropriate entitlements receives an email notification. They log on, review the payment records and approve the transactions for release.

  3. Payment Execution

    BB&T automatically differentiates disbursements to be paid by Virtual Card, ACH, wire transfer or check. Electronic transactions are executed, and checks are printed and mailed.

  4. Remittance Delivery & Posting

    Your vendors receive email notifications, access the vendor web-portal and obtain detailed remittance data.

  5. Confirmation

    Commerce Gateway Payables provides electronic confirmations to ensure job completion and validate payment execution.

Automation

  • Accepts virtually any data file in any format
  • Converts checks automatically to Virtual Card or ACH with optional vendor enrollment program
  • Provides automatic analysis of data and disbursement for payment

Visibility and Control

  • Provides control of the payment production process with an intuitive web-based application
  • Stores payment information in a secure archive for viewing online
  • Sends email notifications at both submission and release of payments to promote accuracy and security
  • Includes job tracking for visibility of all payments in process to help verify accuracy and completion

Integration

  • Pays vendors by Virtual Card, ACH, wire and check all with a single file of payment instructions
  • Processes Positive Pay check issue information without a separate file transmission
  • Assigns check numbers to ACH payments for simplified reconciliation

For Your Vendors

  • Emails remittance advice automatically through a dedicated web portal or bank using traditional EDI data
  • Allow access to view, download or print images of remittance documents
  • Offers dedicated support

Payments

  • BB&T Virtual/Purchasing Card1
  • ACH (CCD+, CTX, PPD, PPD+)1
  • Custom Check Fulfillment
  • Domestic and International Wire Transfer

File Submission

  • Web-based Buyer Portal
  • Secure FTP Transmission

Payments

  • Single-Use Account Numbers (no plastic)
  • Payment Controls
  • Rebates (if eligible)

Vendor Enrollment Assistance

  • Proactive outreach campaign to transition your vendors from check to Virtual Card or ACH
  • Highly customized for each client's needs and preferences
  • Existing network of more than 100,000 vendors
  • Outreach by phone, mail and email
  • All support and maintenance provided by SunGard
  • Powered by BB&T's partnership with SunGard, the industry leader in transitioning to electronic payment
  • Thorough status reporting throughout

Get Assistance

By Phone

Call BB&T Treasury Management at 800-810-5625.

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