LOGIS to Offer Additional Vendor Payment Option
Research and analysis by member staff from Apple Valley and Eden Prairie assisted LOGIS staff with product evaluation for electronic vendor payments. LOGIS will now offer two options for electronic vendor payments from the JD Edwards accounts payable application. The PayMode option provides a discounted payment to the vendors via a card network. The Wells Fargo option is an ACH payment with a fee to the Payor, but still provides cost savings over paper check processing. With both options vendors are automatically notified when payments are issued, along with detailed payment information.
The cities of Edina and Minnetonka will be the first to implement the newly offered Wells Fargo solution. Apple Valley and LOGIS will convert to Wells Fargo as a second step in the process. LOGIS members interested in either vendor payment option should notify Dave Schleicher for more information.
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Category: Financial Systems