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1Proprietary & Confidential
July 2015
Bringing a Unique Approach to Corporate Payments
2Proprietary & Confidential
Who We Are
3Proprietary & Confidential
Our Purpose
Flexible | customer-driven | corporate payments | service |
team
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Corporate Payments
FleetSolutions
Boutique Approach
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Why EFS?
We’re Helping Our Customers…• Grow Revenue
– Optimize working capital – Focus on your core business– Revenue sharing
• Reduce Expenses– Automation – Eliminate paper– Centralize payment processing
• Mitigate Risk– Consolidated spend view– Improved visibility, real-time control– Spend strategically
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6Proprietary & Confidential
A New Approach to Payments
Taking the mystery out of the purchasing equation:
YOU become the Issuer SECURED ENVIRONMENT = MAXIMUM Rebate Value
COMMERCIAL CARD INTERCHANGE
Commercial card Card-not-present Card present Fleet transaction
295bps 265bps 250bps 210bps
EFS Processing Fee
MAXIMUM REBATE
7Proprietary & Confidential
Flexible Payment Options
Physical card assigned to an employee for standard business
purchases
Permanent MasterCard® card
number assigned to a specific vendor or
department – used for repeated purchases
Unique 16-digit MasterCard® card
number electronically generated for one-time payment/use
EFS MasterCard® Corporate Card
EFS MasterCard® Ghost Card
EFS MasterCard® Virtual Card
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1x
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Overall
High Capture
Primary reasons to accept cards
Why Do Vendors Accept Cards?
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Manual or electronic
Ensure invoice is processed into AP system with appropriate GL coding
Ensure 2 or 3 way match is made
Appropriate approvals
Process payment to the supplier
EFT/ACH
Checks
INVOICE RECEIPT
FINANCIAL SYSTEM
APPROVAL PAYMENT
EFS solution becomes an additional payment method
EFS Electronic Accounts Payable (EAP)
Standard Invoice Payment Process
10Proprietary & Confidential
EFS’ Automated Payment Process
$200.00
Customer sends payment disbursement
file to EFS
EFS assigns Virtual MasterCard® account number, dollar amount with remittance
Vendor receives and authorizes Virtual MasterCard® and settles payment
EFS provides customer with an invoice file for reconciliation – Customer can pull reports and view/reconcile payments in Expense Reporting
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$200.00
11Proprietary & Confidential
Get more from our fuel and fleet cards
Dedicated Implementation Manager
Dedicated Integration Manager
Supplier Onboarding
EFS will contact suppliers on your behalf
Letter Campaigns
Phone Campaigns
EFS sets up each supplier
Customer endorsement is critical to success
Complete end-to-end testing
EFS DOES THE HEAVY LIFTING
Multi-Channel Vendor Onboarding Support