Recently, some European service providers and a couple of US service providers have chosen to add suppliers fees on top of the fees clients already pay for electronic invoicing services.
Asked about the move by some industry players to charge suppliers, iPayables CEO Ken Virgin stated, “I believe the competition is trying to maximize their existing revenues at the expense of their client’s success. Clients are usually saving between $2 - $8 per invoice when they move to electronic invoicing. Their main goal should be to get as many suppliers to go electronic as possible. We don’t charge suppliers because we want our client implementations to be as successful as possible.”
iPayables boasts an average adoption rate of 3,350 suppliers per customer, more than five times the closest competitor.
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iPayables is the leading provider of advanced electronic invoice, approval workflow, and payment solutions. Our broad service offering is used by more than 26,000 companies in over 150 countries, including over half of the Fortune 100 companies.