vPayment Procurement

vPayment Penny

The Penny Stops Here.

Supplier is paid up-front on shipment or execution of service. A company's existing procurement system calls vPayment and adds the credit card number to the PO.

Integrated Settlement vPayment Contact Us

Features & Benefits

  • Increases use of buying tool and drives policy compliance
  • Easily implemented with millions of suppliers who already accept vPayment
  • Automates procure-to-pay process
  • Streamlines reconciliation while increasing accuracy
  • Increases contract adherence

Several GE businesses have used vPayment since September 2001 with their Oracle-based and other e-procurement systems. Several thousand online suppliers are enabled, currently settling orders worth millions of dollars a month via vPayment. Back-office reconciliation efforts have dramatically decreased since the introduction.

Related Links