VASS LAUNCHES PARTNERSHIP WITH AWARD-WINNING ACCOUNTS PAYABLE EPAYMENT AND PAYMENT FRAUD PREVENTION SOLUTION
Paymerang has partnered wtih VASS to provide a best-in-class electronic payables solution for school districts in Virginia, with industry-leading payment fraud protection.
“From its inception, Paymerang has transformed the way organizations pay their suppliers electronically, enabling them to be more efficient, secure and profitable. This is incredibly important as the latest Global Fraud and Risk Report from Kroll showed over 80% of respondents reported their companies were targeted with at least one attempt at fraud in the past 12 months,” said CEO Nasser Chanda.
“Payment fraud is not just another state’s problem. It has hit home in Virginia directly affecting our school divisions,” according to Virginia Association of School Superintendents Executive Director Ben Kiser.
He continued, “Our newest Associate Partner Paymerang will provide our members with immediate solutions to this problem and help us with long-range preventive strategies for the future.”
Paymerang goes the extra mile to protect payments—securely enrolling suppliers online, encrypting data, storing it and requiring secondary authentication. The company undergoes rigorous audits on a regular basis to ensure the highest standards in payment security are practiced by its employees.
“We want Virginia schools to be able to provide the highest quality education to their students. By outsourcing their vendor payment processing to Paymerang, schools can focus on their mission of developing lifelong learners that are responsible, engaged and successful citizens. Paymerang has been providing best-in-class payment security to the private sector for over ten years, and we are committed to doing the same for public schools across the country,” said CEO Nasser Chanda.
This partnership will allow school districts to automate the entire vendor payment process.
With the touch of a button, they can automatically pay all invoices. Paymerang makes the payments and handles all the reconciliation, ensuring all payments are processed and paid to the correct accounts.
Clients no longer need to print and mail checks or chase uncashed payments. This simple process change allows clients to refocus efforts away from payment processing and reconciliation to more strategic priorities like operational efficiency and financial controls.
It’s a win-win-win situation that will revolutionize B2B payments for school districts.