Canada's Digital Marketplace

Large, primarily Canadian, company

• Other

• Ecommerce
• Fintech
• SaaS (software as a service)

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https://www.moneris.com/b2b

https://twitter.com/Moneris

https://www.linkedin.com/company/moneris-solutions/

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Created as a joint investment between RBC Royal Bank and BMO Bank of Montreal, Moneris® is one of North America's leading payment providers.

We're committed to the success and growth of your business, so we tailor our enterprise solutions to you. Moneris offers payment processing solutions that create back-office efficiencies while enabling commercial card acceptance customized to your needs.

With Moneris B2B Pay, business transactions can be made with a commercial card. This allows a buyer to send a direct credit card payment to a supplier's bank account and requires no action from the supplier. This can help you to fully automate and simplify your accounting process while helping to improve overall business management through robust reporting, including detailed remittance data.

Both buyers and suppliers can benefit from using or accepting commercial credit cards.

For suppliers:

• Straight-through processing: Funds are directly deposited into the supplier's account, with no action required by the supplier.
• Faster payments: Suppliers can receive payments as soon as the next business day, which allows you to capture the value of funds faster, and increase your working capital. Accepting other payment methods, such as cheques, could mean waiting up to 60 days to receive payments.
• Improved process and detailed data: Accepting card payments can help streamline collections and saves time that would have been spent on new customer background checks. It also helps improve the reconciliation of Accounts Receivables processes through automation and detailed remittance data reporting.
• Increased sales and optimized rates: Payment cards can help suppliers expand their customer base, while detailed transaction data can also help lower interchange rates.
• Reduced risk: Receiving payment by card reduces the risks associated with accepting cheques and provides payment certainty along with faster payments and access to funds. As a leader in payments, we also have tools to help protect your payment data against fraud.

For buyers:

• Expanded payment window and lower processing costs.
• Increased buying power.
• Additional security and efficiency with Virtual Cards.

In a world of digitization, B2B payments have begun to catch up in the movement towards electronic transactions. Optimize your payments and realize business benefits with Moneris B2B Pay.

Our Moneris Representatives can help you find the solutions that make sense for an organization like yours. To learn more about Straight Through Processing, Moneris B2B Pay, or the benefits of ePayables, please call 1-866-943-8929 or email b2b@moneris.com to connect with an expert

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https://www.moneris.com/en/Products-Services/Enterprise/Moneris-B2B-Toolkit

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