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IPS Collaborates with globalVCard to Offer its Clients a Simple and Secured Payment Solution

By CIOReview | Tuesday, December 8, 2015

FREMONT, CA: Virtual payment solutions provider, CSI globalVCard, has teamed up with IPS, a document processing solutions provider to automate the purchase-to-pay process on IPS platform and provide payment data to both accounts payable and accounts receivable trading partners.

With its collaboration with globalVCard, IPS will enhance its payable solutions with globalVCard’s electronic payment system. The integration of payment
data including invoices, purchasing information and its related documents into IPS platform offers maximum transparency into the transactions and paves the way for efficient process. It serves as a significant tool during audits and support interactions between the trading partners.

globalVCard offers virtual card technology as a core of the integrated solution that benefits IPS clients including: cost saving by eliminating paper checks and costs associated with it; High security with a single-use credit card number for single transactions, which becomes invalid after the transaction is completed; automated payments that increases efficiency and eliminate the manual errors; providing monthly cash back rewards for the customers on every transaction.

“We are excited to begin our partnership with a company that is so closely aligned with our vision for the future of payables,” said Dave Disque, Managing Director, globalVCard. “IPS does a phenomenal job of automating the capture of invoice and purchasing information on the front-end of P2P. With the integration of our consolidated payment engine on the back-end, we can jointly provide added value and efficiency that is not available to customers today,” he noted.