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Our ePayable virtual payment solution allows your employees to make purchases efficiently and securely, without time-consuming paperwork and approval processes.
ePayables produces a zero-credit unique card number which is embedded with a supplier to pay for individual or batched purchases. Enhanced data supports quicker and automated reconciliation and admin processes.
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1 |
Purchase made |
2 |
Invoice received and loaded in ERP |
3a |
Payment file uploaded into Lloyds Bank ePayables generates a contra record |
3b |
Dynamically funds Purchasing Card on file |
3c |
Emails remittance advice to Supplier |
4 |
Supplier processes settlement within 2 days with merchant bank |
5 |
Transaction Details Point of Sale (POS) |
6 |
Transaction Details Card Scheme |
7 |
Transaction Details from Card Processor |
8 |
Auto matches transaction and reconciles to the original payment. |
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Should you need assistance once your programme is set up please contact the relevant team.