Complete guide to upgrade your payables: Supplier payment choice

As a business, you want to offer a positive experience to your suppliers. Supplier satisfaction leads to their willingness to continue to supply your business with goods and services. This positive supplier relationship even builds the potential willingness to negotiate on payment terms.

What do we mean by supplier choice? It means the flexibility offered to your payees in how they receive payments, such as by virtual card, direct to debit card, ACH or eCheck. 

In this guide, you'll learn:

• The challenges of offering supplier choice 
• The two types of supplier choice available 
• The benefits of providing supplier choice