According to the report, the “Bank of America ePayables virtual card solution 1 converted our paper checks to a more efficient and cost effective electronic payments process.” It added that the change “reduced materials, labor, and overall cost associated with disbursing payments.”
FAMU saves $200,000 through new ePayables system
June 08, 2018
0
A recent report submitted to the Governance Committee of the Florida A&M University Board of Trustees stated that the school saved $200,000 in the fiscal year ending in 2017 by implementing ePayables with Bank of America.
According to the report, the “Bank of America ePayables virtual card solution 1 converted our paper checks to a more efficient and cost effective electronic payments process.” It added that the change “reduced materials, labor, and overall cost associated with disbursing payments.”
According to the report, the “Bank of America ePayables virtual card solution 1 converted our paper checks to a more efficient and cost effective electronic payments process.” It added that the change “reduced materials, labor, and overall cost associated with disbursing payments.”