Single Use Account System & Controls for Electronic Payments – Wright Express Purchase Log

Single-use payments help you save—in multiple ways.

Purchase Log simplifies payments to vendors and it’s especially good at adapting to unique circumstances such as specialized payment requirements, up front/time of sale payments, all while maintaining control transaction detail.

Precise control over each transaction . . . for less.

A unique virtual account is available for each transaction. Set controls and minimize risk for each one. Set dynamic credit limits and payment expiration dates to guard against overcharges or unexpected charges.

Eliminate the costs of manual, paper-based payment. Avoid the cumbersome set-up costs for electronic payments to vendors.

Better information means better decisions.

Reporting and reconciliation get simplified and automated. Data elements unique to your business carry through to settlement.  The data you get? Powerfully useful. Invoice-level details, status, payment dates, amounts, vendor info. It’s comprehensive real-time online reporting.

No new software required.

Purchase Log integrates simply with your current systems. So make them more functional and don’t worry about complications. Additionally, ask us about standard Web-services integration.

For you, more working capital.

Pay vendors faster, while maintaining your float. Increase days paid outstanding. Your cash management improves with more flexibility and predictability.

Profit from your payments.

Maximize opportunities for revenue sharing from card-based payments.

Read more about Automobile Protection Corporations successes with Purchase Log ( 621 KB)