CHANTILLY, Va.--(BUSINESS WIRE)--AOC Solutions® and 3Delta Systems Inc.®, companion companies and leaders in online business-to-business credit card processing, accounts payable and data tokenization solutions, today unveil powerful new access to their popular AR-Exchange® portal, which streamlines and secures B2B payment information shared between corporate buyers and their suppliers.
AR-Exchange’s Quick View launched in November 2015, offering suppliers access to remittance information in a web application accessed through simple, secure email links. With today’s launch of the full AR-Exchange portal, they gain access to comprehensive payment histories, search features, custom reporting with exportable results and savable templates, the ability to manage buyer connections, and a simple way to see and download information across multiple payments and customers.
AR-Exchange’s core features — remittance management and invoice matching — enable suppliers to fully realize the benefits of buyer-initiated, straight-through processing. The new product also provides service for commercial cards — including virtual cards and single-use ghost accounts (SUGAs) — as well as ACH transactions, wire transfers and checks.
“One of the key benefits of AR-Exchange is that it aggregates payment and remittance information for suppliers from their corporate buying organizations across many financial institutions,” says Kara Szostek Lunsford, director of product management at 3Delta Systems. “This means fewer places they need to go to get payment data, which helps them streamline the payment application processes.”
Users are suppliers that are paid through AOC Solutions’ EnCompass® electronic B2B payments application. EnCompass, available to corporate buying organizations through AOC’s partner financial institutions, is the proven commercial card and accounts payable platform used by top-tier commercial card issuers and their clients.
“This is more than a cosmetic enhancement to AR-Exchange,” says Todd King, Chief Product Officer of both AOC Solutions and 3Delta Systems. “When we first launched Quick View last year, it was a leading-edge method for suppliers to obtain remittance details that support cash application and invoice matching. The launch of the full portal unleashes a tremendous amount of power in managing those remittances and exporting the data — letting them identify payment trends and trouble spots while keeping the core principle of simple, consolidated web access intact.”
About AOC Solutions
AOC Solutions Inc., headquartered in Chantilly, Virginia, is a veteran-owned company whose innovative commercial payments technology, federal financial management, business process improvement services and contact center operations have been serving more than 400,000 corporate, government, public and private sector customers since 1996. AOC’s strategic relationships within the financial management and integration markets enable a streamlined approach to commercial payments from virtually any accounts payable or general ledger payments system in use today, with flexible payment options including multi-currency, multi-language and respective localization. In 2016 AOC Solutions introduced Transact Global®, the innovative issuer processing platform dedicated exclusively to single-use virtual card payments. AOC has been named to the Inc. 500-5000 list of the nation's fastest-growing private companies six times, the latest in 2014. For more information, visit aocsolutions.com. You can also follow us on Twitter, Facebook and LinkedIn.
About 3Delta Systems
3Delta Systems Inc., also based in Chantilly, is an innovative payment solutions company and a pioneer in safeguarding confidential payment data. Our Internet-based systems for processing credit cards and purchase cards deliver peace of mind to enterprise, B2B, B2C and e-commerce customers by increasing their productivity, cutting operating costs, lowering business risk and strengthening security. 3DSI’s complete suite of payment solutions are designed from the ground up to be scalable, easy to implement and conform with PCI Data Security Standard best practices so that merchants and buyers can manage, authorize and settle card transactions in real time. 3DSI’s payment systems can process transactions in more than 100 currencies and settle in 12 of them. 3DSI processes an average of more than 2 million transactions per month for more than 19,000 merchant accounts and 21,000 users who handle corporate and e-commerce payments — and recently surpassed a lifetime processing milestone of $100 billion. For more information, visit 3DSI.com or follow us on LinkedIn.