With more than 40 years in the commercial card industry, Commerce Bank is a national leader in automated accounts payable solutions. We combine forward-thinking technology with responsive customer service to help you simplify, automate, and control your payment processes.
With ControlPayÂ®, a full suite of high-tech, innovative accounts payable solutions; you can streamline your accounts payable process and create new revenue for your department without changing your current banking relationships. ControlPay AP Payments allows you to pay invoices electronically through the VisaÂ® Network, which reduces check-writing costs and earns you monthly revenue share. This flexible solution requires no software to host; and the Commerce Bank Vendor Enrollment team will contact and enroll suppliers on your behalf. ControlPay EIPP (Electronic Invoice Presentment & Payment) automates invoice receipt, workflow, coding and payment processes within a single solution. You can eliminate paper invoices, enhance process efficiencies and gain real-time visibility to your payment process and financial information.
With a program through Commerce Bank, you will earn monthly revenue share based on an aggregate volume from all Virginia hospitals that participate in these programs. Commerce Bank is a subsidiary of Commerce Bancshares, Inc., a publicly traded holding company (NASDAQ:CBSH), ranked ninth on Forbes Magazine list of America’s™ Best Banks.* (Forbes Magazine, December 18, 2012: Americaâ€™s Best Banks)
- Endorsed by 27 state hospital associations
- Dedicated healthcare vendor enrollment team
- No software to host â€“ simple web-based application
- Reduces exposure to check fraud
- Revenue share to hospitals paid monthly (no minimum spend required)
- Ongoing recruitment of vendor participation to increase revenue share back to hospital
Vice President, Automated Payment Solutions
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