How to optimise supplier payments by issuing virtual cards

Virtual cards are probably your preferred way of delivering funds to suppliers in real-time if you’re a business making supplier payments. Because they’re automated, this makes them a reliable choice for real-time payments. But there are ways you can optimise your setup even further when it comes to using virtual card issuing to pay suppliers. 

We’re going to walk you through three important elements when it comes to optimising payment transactions. By doing so, you speed up cash flow, increase reliability and save costs, while driving more revenue. 

Before we dive into these areas of focus, let’s understand what the typical virtual cards setup looks like for businesses.