#Paperless payment manual

In 2020, specifically after the pandemic outbreak, there was a rapid surge in online sales and the number of digital shoppers.

Ensures long term success: e-payments are a key to making your online marketplace a better place for your consumers, thus opening doors to several growth opportunities.

The key benefits of using paperless Accounts Payable solutions include: Customers and businesses both prefer faster, more secure, and more seamless transaction environments, especially in the face of innumerable technical issues causing payment failures, and a rise in cybersecurity attacks. Payment processing providers and tech companies are coming up with advanced innovations to facilitate a better digital payment experience. This way, you can stop worrying about cross-checking every piece of information manually. In short, paperless invoicing solutions automate all the core processes, ranging from capturing the vital information from every invoice, importing it to your ERP, creating vouchers for each invoice, etc. After verifying that all the expenses and charges are recorded accurately, you can finally integrate with ERP and prompt it to issue a voucher. Now that you have all the essential data, you can retrieve the purchase order or receipt to prepare your invoice. Next, you can import the required data and read the invoice to gain the necessary inputs. Using paperless invoicing techniques and solutions, you can instantly capture your invoices as you receive them via email. What’s more, it saves you from comparing all the information manually or verifying whether each line item is accurate. It eliminates the need to manually type each supplier invoice into an accounting program, thus saving time.

#Paperless payment manual

With paperless invoice processing, which is a smarter alternative to manual invoice payments and approvals, one can use efficient Optical Character Recognition (OCR) software to record and import invoice and purchase data automatically. The process also encompasses other mobile devices that use NFC (near field communication) or RFID (radio-frequency identification).Įxamples of digital payment processes using these technologies include Google Pay, Apple Pay, Samsung Pay, Fitbit Pay, and similar other banking mobile apps that support secure and fast contactless payments. Paperless payment processing removes the manual systems and touchpoints from your accounts workflows and replaces them with a seamless, automated, efficient, and electronic payment processing solution.Ĭontactless payment systems, another type of paperless payment, is a term given to solutions like debit and credit cards, smart cards, key fobs, and devices, such as smartphones, tablets, etc. Going paperless or digital also ensures greater accuracy in processing as it eliminates the risks of manual errors. How Does Paperless Payment Processing Work?īusinesses and their customers are looking for more digitized payment processing solutions to facilitate faster and smoother processes.

By freeing up huge piles of paper and folders of invoices and documents stored in your office, you can also have a cleaner and more efficient work environment. You will be surprised to see the amount of time, money, and even space saved by going paperless, and most importantly, it’s eco-friendly. Paperless payments may not be the best solution for all businesses, but some of the benefits offered by these processes can be totally irresistible. Going paperless offers a far more efficient and streamlined alternative compared to traditional payment processing systems, which were mostly manual. Recent years have seen a rapid evolution of online payment processing systems and contactless transaction modes, largely in an effort to prevent virus transmission. Simply create your online account and you will be automatically enrolled in paperless billing (unless you opt out of it).įor more information, see our Setting Up Your Account video.We have all used cashless digital payments at some point in time, even more so after COVID-19 spread across the globe in 2020. You can set up your online account and go paperless in just a few easy steps. You will receive a message letting you know that your selected accounts have been enrolled.įor more information, see our Paperless Billing and Autopay video. Select the account(s) you want to enroll in paperless billing and click “Next”.Click the “Set up Paperless Billing” link.From the overview page, click on Billing & Payments.Signing up is quick and easy just log in to the customer portal and follow these instructions: Our program enables you to receive your monthly statements online, pay at your convenience or set up recurring payments, and view past water bills. Save time, eliminate postage, and reduce clutter by signing up to receive and pay your bill online.