Keiko Reid – Chief Financial Officer
We are thrilled to share the news that ECFS is partnering with Pairsoft to bring about a faster and more secure payment solution, leveraging the expertise of Finexio in commercial payment execution. Through this partnership, we have chosen Finexio’s Virtual Card as our preferred payment method.
This solution will effortlessly integrate with your current card payment processing system, enhancing your organisation’s cash flow. With payments settling within an average of 1-2 business days, this streamlined process is further fortified by advanced security features, effectively reducing the risks associated with Check and ACH fraud.
For your convenience, we have provided below links to various resources, including FAQs and the Executive Letter of Authorization already sent to our valued supplies, informing of this program and outreach on behalf of Finexio. If you have any questions, please contact Finexio’s Help Center and their team will be delighted to assist you.
Warm Regards,
Keiko
What to expect
Email
Notification
An initial reach out.
- You should receive a welcome email from Finexio to inform you of our move to electronic payments. Benefits include access to our Supplier Portal, where you can view funding stages on your incoming invoices and gain access to the Finexio Customer Operations team for additional payment support.
Telephone
Follow up
Talk through your payment options.
- Finexio will call your phone number on file to answer any questions you may have and enroll your organization into electronic payments.
Docusign Confirmation
The Final Step.
- For Finexio Express and ACH enrollments, as well as bank changes, completion of security forms through the Docusign platform is mandatory. This ensures that only validated contacts within your organization, authorized for the provided bank accounts, can make changes to your profile.
Key Benefits of Electronic Payments
Electronic payments can be issued quickly and delivered electronically, so you can process your payments and have access to your funds faster than via traditional paper check.
- Improved cash flow – In addition to faster settlement, electronic payments limit the risk of late payments and eliminate the potential of lost checks.
- Improved transaction details – Transaction details are provided in both directions, helping to ensure delivery, acceptance, and reduce the risks of fraud.
- The most secure payment method – Virtual cards are 7x less likely than paper checks to incur the risk of payment fraud.