Supplier enablement service
Maximize the benefits of your virtual credit card program by letting us help you onboard suppliers.Speak to an expert now
Is your virtual card program underutilized?
Convincing your suppliers about the benefits of virtual credit card acceptance can be difficult and time-consuming, which is why we offer a free service to do the work for you. Increase your working capital by letting us help you onboard suppliers using our proven methodology that ensures a seamless process every time. The more suppliers you have on your virtual card program, the easier to reconcile expenses, control costs and improve cash flow. Speak to an expert now
Benefits of our specialized service
Appropriate suppliers targeted
Accounts payable (AP) file analytics and supplier segmentation help narrow down those who would most benefit from commercial card acceptance. Moneris specialists then connect directly with your suppliers to explain the advantages and help get them started.
High conversion with straight-through processing (STP)
A key driver of supplier conversion is straight-through processing (STP), which makes receiving payments effortless, quick and secure. Over 90% of suppliers are onboarded to this solution.
Transparent progress reports
Your designated account manager will compile weekly progress reports to keep you up to date on which of your suppliers have been contacted and are being onboarded.
Compatible with major commercial card issuers
Moneris is an active partner of most Canadian commercial card issuers. Overall, Moneris delivers a top-quality experience in B2B payment automation.
Supplier enablement process
Our proven methodology is based on three pillars:
Identify the best suppliers to target
Develop strong value proposition for commercial card acceptance
Utilize specialized B2B sales experts to engage your suppliers
Frequently asked questions
We do all the hard work. There's no cost to you, we have a solid conversion record and we provide the best experience for you and your suppliers.
The onboarding of more suppliers to the virtual card program, ultimately helps optimize your card spend.
To start, accounts payable (AP) analytics and supplier segmentation, help target those that will benefit most from the program. Plus, straight-through processing (STP) fully automates the process, making it advantageous for suppliers to continue with it.
Straight-through processing allows virtual card payments to be deposited directly into a supplier's bank account without manual intervention. Once funds are deposited, a detailed remittance report becomes available online. Moneris is the only processor that provides STP in Canada.
More suppliers added to your program can help you achieve greater financial incentives (i.e. commercial card rebates, reward points). It can also help increase your savings and working capital by eliminating costly cheques.
No. Any merchant enrolled in a virtual card program can benefit from this service.