US Bank

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U.S. Bank European Payables

U.S. Bank has a long history of helping North American-based organizations improve the efficiency, security and accuracy of their payables processes. From commercial cards to electronic accounts payable services, our automated solutions streamline payment and reconciliation processes, reduce costs and fraud risk, and enhance cash management strategies. U.S. Bank now offers payables solutions designed to extend those benefits to your European locations. Our European e-payables and card solutions provide centralized visibility, control and reporting, as well as local flexibility to meet regional needs and requirements. Your staff will recognize familiar, consistent functionality that’s easy to implement and use, regardless of location.

Automate European e-payables Payment currencies Euro British Pound Sterling Czech Koruna Danish Krone Hungarian Forint Norwegian Krone Polish Zloty Swedish Krona Swiss Franc

In partnership with Visa, U.S. Bank is offering the Visa Payables Automation electronic accounts payable service. Like U.S. Bank Access® Online Payment Plus, Visa Payables Automation uses virtual “cardless” credit card accounts and straight-through processing to securely pay suppliers in nine currencies. This easy-to-implement service provides familiar functionality to: •

Enhance cash management

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Increase spend visibility and control

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Improve process efficiencies

Transitioning from other European electronic payment methods to Visa Payables Automation can help your organization: •

Generate new rebate opportunity

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Avoid late payment fees

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Take advantage of early payment discounts

Local, dedicated supplier enrollment support Effective supplier enrollment is critical to the success of your European e-payables program. Our European supplier enrollment team will work with your regional A/P staff to develop effective enrollment campaigns and contact strategies, and to provide supplier education and outreach. This comprehensive approach fast-tracks suppliers, which helps your organization more quickly gain the benefits of Visa Payables Automation.

European commercial card solutions While European countries tend to favor ACH and electronic invoice processing, commercial cards offer several distinct advantages. U.S. Bank offers European commercial card solutions that reflect regional merchant practices and data availability.

Purchasing Card The United Kingdom is one of the few European markets with a fully developed purchasing card culture. This includes the transmission of Level 3 data and VAT information with card transaction detail. U.S. Bank is now issuing purchasing cards in the United Kingdom to help your organization capture more European spend via card. • Gain up to 55 days credit • Extend processing efficiencies and cost savings • Attain supplier discounts • Strengthen visibility and control • Increase rebate opportunity In all other European regions, we recommend using your corporate card program for traditional commercial spend. This highly secure payment method provides greater control over other electronic payment methods and helps build rebate opportunity.

Market-based solutions for your growing global presence U.S. Bank has the global expertise and worldwide resources to help your organization strengthen cash flow, increase visibility and control, and reduce costs wherever you do business.

For more information

To learn more about European payables solutions, contact your U.S. Bank representative or call 866.274.5898.

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