Spokane County has partnered with Bank of America Merrill Lynch to offer a virtual card payment program, called virtual payables, to the County’s suppliers. This is the County’s preferred method of payment and is part of a county-wide effort to reduce paper and decrease the amount of time to pay our suppliers.
When an invoice is approved for payment an electronic remittance advice will be sent to the supplier by email or fax, instead of check. The remittance advice will include statement-type information such as invoice numbers, dates and amounts for the invoices. Payments can be retrieved with the bank’s designated account number that will be assigned to the supplier. The current procedures for invoicing, as well as any County contracts, remain the same.
What are the advantages of virtual payables?
If you are interested in learning more about Virtual Payables and its benefits, please go to www.baml.com/VirtualPayablesvendors. Spokane County appreciates your products and services and we look forward to providing you with this more efficient payment option.