Payments Processing Services – IQ BackOffice
IQ’s a la carte outsourcing offerings include services such as 24/7 email and phone support for you and your suppliers. IQ’s web-based invoice processing applications and secure payment automation let you reduce costs while taking advantage of cash-back revenue opportunities.
Payments Processing - With IQ BackOffice, You’ll Have More Control and Visibility, Faster Payments and Lower Costs
- Designed for large enterprises with complex needs
- Real-time visibility and analytics across multiple entities
- Supports management of payments centrally
- You approve every payment
- Enterprise-wide visibility and analytics
- Bank neutral platform
- No licensing fees and no monthly minimum
- Requires minimal investment of IT resources
- Capture detailed remittance data to streamline reconciliations
Payments Processing - IQ Offers Integrated End-to-End Payment Automation For All Payment Types
IQ’s ePayable solution includes check, ACH, ACH+ and virtual credit cards. Virtual card payments are unique one-time virtual credit card account number is delivered to your participating suppliers via an associated email remittance advice. These are processed just like a standard credit card and benefit from:
- Convenience and broad acceptance
- Automatic reconciliation
- Limits on amount and expiration date
- Accelerate the timeline for supplier payments and discounts
- Potential rebates back to you
Our solution leverages enhanced ACH+ payments, which also are immediate cash payments with detailed remittance advice. This data supports your supplier’s ability to correctly apply payment receipts.
Additional types of payments that are supported include: direct (push) payments, online payments for suppliers who require website or phone payments, and dynamic discounting.
IQ BackOffice partnered with Hair Cuttery in their acquisition of one of the largest chains of hair salons in the country with over 500 stores. IQ designed and implemented an entire state-of-the-art back office infrastructure in 30 days including a new accounting system, EDI systems, payroll platforms for over 7,000 employees as well as all of the associated business processes and reporting. IQ saved Hair Cuttery over 80%, while providing best practice financial business processes and technology and excellent quality and services.
IQ BackOffice works with leading global companies which include the world’s largest steel manufacturer, the largest technology and entertainment conglomerate, large retailers and restaurant chains across thousands of stores and e-commerce sites. Other major clients include distribution, energy, healthcare, real estate, and financial services companies.
We would like to hear from you! If you have a question or comment about our Business Process Outsourcing services, or you’d like an IQ BackOffice representative to contact you, please use the form below. We’ll also send you a link to our Corporate Brochure.