EML reviews the customer's entire vendor file, parsing through their vendors, payments, and payment terms. Whether a recurring or a one-time payment, strategic or non-strategic supplier, and so on, the company ensures a compliant and optimized payment in line with the buyer’s objectives. EML has expanded globally, heightened the payment card (EMV) security measures, and launched payment cards compatible with Apple Pay, Samsung Pay, and Google Pay. Though the company eyes to leverage new digital payment methods, it relies on their consultative approach and delivers only the best overall solution in accordance with the customer’s payment requirements.
Optimization and standardization are the ancillary benefits that EML provides. Meticulously examining the payment flows, EML helps buyers understand and rationalize their vendors. For instance, EML identifies buyers paying ten different vendors for office paper; works with the buyer to consolidate that into one or two vendors helping them save time and money. Also, EML enables buyers to pay vendors in 10 days instead of 30 to get benefits from the vendors in the form of cash-backs, discounts on future expenditure, and more.
We will not try to push customers onto the newest shiny object of payments, because a lot of times those payment methods don't make sense
EML's "payments" prowess proved highly beneficial for Wow Communications, a cable company in Colorado. Wow faced the challenges of optimizing payment flows and standardizing their payment terms wherefore they approached EML. The company executed an extensive 30-day process of 'supplier enrollment' that involved contacting the vendors and discussing their current payments and the way Wow wanted to pay them in the future. The customer is now in a standardized and optimized position in terms of their payments to their suppliers.
Recognizing the potential of payments’ digital evolution while upholding simplicity, EML is the answer to improving the payment flow, on behalf of the accounts payable department. "From a competitive and geographic standpoint, EML intends to innovate both organically and inorganically," concludes Eric.
The acquisition makes EML the global leader of the shopping sector with the management of over 800 gift card programs.
FREMONT, CA: EML, a payment solution corporation, has recently announced the acquirement of Flex-e-Card (FEC) that trades flex-e-vouchers and cards. EML’s payment solution empowers businesses with added transparency, control, and flexibility on payment processing. Also, the enterprise makes transactions secure and efficient from the beginning to end while facilitating organizations to improve their customer service and augment the brand loyalty.