SOURCE: ACOM Solutions

ACOM Solutions

December 13, 2010 18:14 ET

ACOM Solutions, Inc. Announces Enhanced Vendor Self-Service Portal for Payment Preferences, Account Updates, and History

LONG BEACH, CA--(Marketwire - December 13, 2010) - ACOM Solutions, Inc. has enhanced its web-based Vendor Self-Service Portal with messaging and tracking features that make it easier than ever for payees to define their own payment preferences, maintain their account details and track their payment histories in a secure, password-protected, browser-accessed viewing space.

The Vendor Payment Portal is a self-administered companion module to ACOM's EZPayManager payment solution, and according to Scott, ACOM's own experience in using the product suggests that the convenience, savings, and security afforded by the portal encourage vendors who otherwise might resist moving their payments from checks to electronic payments.

"ACOM has served as its own test-bed on this product; we now have 75 percent of our Tier One vendors accepting ACH payments, with advantages both to our company and to the trading partners," Senior Vice President James R. Scott stated today. "Because the vendors enter their own information, they have no problems with security breaches, removing the chief objection to ACH payments. Benefits include faster remittances, greater control over bank accounts and reduced personnel requirements for both accounts payable and accounts receivable."

Organizations can assign password-protected space in the portal to any vendor choosing to participate. Vendor-selectable parameters include, among others:

  • Payment options:
    • Check
    • Electronic
  • Format of remittance advice:
    • Paper document
    • PDF (eMail or Portal)
  • Receipt of remittance advice information:
    • Mail
    • Fax
    • Secure eMail
    • Secure posting at the portal

Vendors opting for direct deposit provide their bank routing and account information, which is protected under a multi-layer password scheme. Vendors retain the ability to modify and update their information at any time. 

Modifications update the vendor record in EZPM or the accounting software, eliminating the need for accounting personnel to collect, manage and store the vendor's bank information. Once the portal is set up, all of the information related to current and past payments is available to the payee with a few mouse clicks.

About ACOM Solutions, Inc.
For over 27 years, ACOM has been automating document and payment processes for more than 4,000 organizations, across all industries. ACOM's solutions integrate with any financial/ERP system to extend their capabilities to decrease an organization's costs and dramatically improve efficiency by automating their paper-based processes. For more information, call 800-699-5758, email sales@acom.com, or visit http://www.acom.com.