Author: Ruslan Nikolaev

As a Canadian business owner, you understand the importance of managing your finances effectively, especially when it comes to cross-border transactions. Navigating the complexities of foreign exchange (FX) conversion can be a daunting task, but with the right strategies and tools, you can save money and optimize your financial operations.

In this article, we’ll dive into the world of FX conversion, focusing specifically on how to save on conversions between Canadian dollars (CAD) and United States dollars (USD). By the end of this guide, you’ll be equipped with the knowledge and strategies to make informed decisions and minimize costs associated with currency exchange.

What is FX Conversion?

FX conversion is the process of exchanging one currency for another, such as Canadian dollars (CAD) to United States dollars (USD). Understanding the foreign exchange process is crucial for businesses engaging in cross-border transactions.

How to Save on FX Conversion Between CAD and USD

• Explore strategies to minimize costs: Researching and implementing effective strategies can significantly reduce the financial impact of currency exchange on your business.
• Optimize transactions: By optimizing your cross-border transactions, you can minimize fees and maximize savings.

1. Understand Currency Conversion Fees

• Familiarize yourself with typical fees: Banks and brokers often charge various fees for currency conversion. Understanding these fees is the first step in saving money.
• Compare providers: By comparing different providers, you can identify those that offer the most competitive rates and save on conversion fees.

2. Seek Competitive Exchange Rates

• Monitor the market: Keeping a close eye on exchange rates can help you identify favorable times to convert your currency.
• Utilize rate comparison platforms: Platforms that offer real-time rate comparisons can help you find the best deals and save money on conversions.

3. Use Norbert’s Gambit for Large Transactions

• Implement Norbert’s Gambit: This strategy involves buying dual-listed stocks to transfer between CAD and USD, effectively minimizing conversion costs.
• Understand the steps: To execute Norbert’s Gambit effectively, it’s essential to familiarize yourself with the process and follow the steps carefully.

4. Consider a Corporate Card for USD Transactions

• Use a corporate card for USD: A corporate card for USD transactions can help minimize conversion fees for business expenses.
• Benefits of a specialized corporate card: Corporate cards designed for cross-border transactions often offer competitive rates and additional features to streamline your financial operations.

Tips on Reducing FX Costs

1. Plan Transactions Strategically

• Timing is crucial: By planning your conversions when exchange rates are favorable, you can maximize savings and minimize costs.

2. Utilize Financial Tools

• Leverage financial software: Specialized financial software can help you track and optimize your currency exchanges, ensuring you’re always getting the best rates.

Frequently Asked Questions

What is the cheapest way to convert CAD to USD?

• Use cost-effective methods: Strategies like Norbert’s Gambit or platforms with low conversion fees can be the most cost-effective ways to convert CAD to USD.

How can I avoid high fees when converting currency?

• Compare and use specific strategies: Comparing providers and using strategies like Norbert’s Gambit for large sums can help you avoid high conversion fees.

What are the best strategies for saving on FX conversion?

• Monitor, use corporate cards, and apply Norbert’s Gambit: By monitoring exchange rates, using corporate cards designed for cross-border transactions, and applying Norbert’s Gambit when appropriate, you can effectively save on FX conversion.

How does Norbert’s Gambit work for CAD to USD conversion?

• Buy dual-listed stocks and journal them: Norbert’s Gambit involves buying dual-listed stocks and journaling them to exchange currencies at minimal cost.

Conclusion

By implementing these strategies and staying informed about the latest trends in FX conversion, you can significantly reduce costs and optimize your cross-border transactions. At Float, we understand the unique challenges faced by Canadian businesses, and we’re here to help you navigate the complexities of foreign exchange. Get started for free today and discover how our innovative solutions can help you save on FX conversion between CAD and USD.

Managing business expenses can quickly become chaotic without the right systems. From vendor invoices to employee reimbursements, keeping track of payments is a critical part of maintaining healthy cash flow. 

This is where accounts payable (AP) comes in—the core of your company’s financial operations. But traditional AP processes are often slow, error-prone and a major headache for finance teams. So, how can you streamline your AP process and free up time for what really matters?

In this guide, we’ll break down everything you need to know about accounts payable: what it is, how it works and how modern automation tools like Float can transform your AP workflow. Whether you’re a finance leader aiming to eliminate gruntwork or a business owner seeking better visibility into company spending, we’ve got you covered.

What is Accounts Payable (AP)?

Accounts payable (AP) refers to the money a company owes to its vendors for goods or services received but not yet paid for. It’s recorded as a liability on the balance sheet and includes payments such as supplier invoices, contractor fees and utility bills.

Examples of accounts payable:

• Invoices for supplies and equipment (e.g. office supplies, computer hardware, raw materials, etc.)
• Professional services payments (e.g. legal fees, marketing retainers, consultant invoices, etc.)
• Recurring bills (e.g. rent, utilities, subscriptions, etc.)

Why is AP efficiency so important?

The way your business manages accounts payable can make or break its cash flow, vendor relationships and bottom line. In fact, 65% of SMBs report long processing times for financial transactions, which ties directly to cash flow problems and missed opportunities for growth.

Imagine a missed invoice leads to a late fee and a frustrated vendor who pauses your deliveries. Or maybe your finance team is scrambling to fix a double payment, wasting hours chasing down refunds. Meanwhile, slow approvals stall an important purchase, putting a critical project on hold. There are just a few ways inefficient AP processes can cost you time, money and trust.

Accounts payable vs. accounts receivable

While accounts payable tracks what your business owes, accounts receivable (AR) tracks what others owe you. AP is a liability, whereas AR is an asset. Both are important for understanding cash flow and maintaining financial stability.

Tracking both AP and AR is key to maintaining a healthy cash flow—see how cash flow statements tie it all together.

What is the accounts payable process? 

Accounts payable management involves outlining the journey from invoice to payment, offering a clear framework for how to pay an invoice efficiently and accurately.

Here’s how it typically flows:

• Invoice receipt: Capture invoices via email, mail or automated systems.
• Invoice review: Verify charges and ensure they match purchase orders.
• Approval workflow: Route invoices to the right team members for swift approval.
• Payment processing: Settle bills via EFT transfers, credit cards, or cheques.
• Record-keeping: Log payments into your accounting system.

When your AP process runs smoothly, payments are on time, vendors stay happy and your cash flow stays clear.

6 common challenges in traditional AP management

Traditional accounts payable processes can feel like a time sink—slowing operations, frustrating finance teams, and leaving room for costly mistakes. Without modern tools, businesses face a range of issues that can quickly snowball into bigger problems.

1. Manual workflows

First, there’s the chaos of manual workflows. Paper invoices, spreadsheets and email chains create confusion, waste time and make it easy for documents to slip through the cracks. Finance teams end up chasing receipts instead of focusing on strategic work.

2. Approval bottlenecks

Then come the approval bottlenecks. Payments stall when they’re stuck in endless sign-off loops. The longer the delay, the greater the risk of late fees—or worse, strained vendor relationships.

3. Frequent errors

On top of that, errors run rampant with manual processes. It’s easy to enter the wrong numbers, pay the same invoice twice or miss a payment altogether.

4. Poor visibility

There’s also the issue of poor visibility into spending. Without a centralized view, finance teams are left in the dark, scrambling to piece together where money is going and struggling to catch unwanted expenses in real time.

5. Decentralized tools

Compounding these problems is that many businesses still rely on disconnected tools to manage the AP process—55% of SMBs say financial tools that don’t integrate well with each other are a top inefficiency driver. Often, this looks like using one system for bill intake, another for approvals, an accounting platform to track unpaid bills and a separate bank portal to process payments. 

When integrations between tools break, it causes delays and wastes time on troubleshooting. Even if you’re processing high volumes of payments every month, this patchwork approach can waste time rather than save it.

6. Fraud

What’s worse, all of these challenges compound to increase your fraud risk. Loose controls and outdated systems can leave the door open for unauthorized payments or fake invoices to slip through unnoticed, costing your business money and damaging trust.

When these challenges pile up, they can have real-world consequences. But with a modern, automated accounts payable process, you can gain the visibility and control you need to make payments simpler. 

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Benefits of automating accounts payable management

From speeding up payments to improving visibility, accounting automation helps your business move faster, smarter, and more securely.

Here’s how:

1. Faster invoice processing
   Manual invoice processing is slow and clunky, often dragging payments out for days or even weeks. Automation can capture invoice data instantly and route approvals with a click. Payments that once took days can be completed in minutes, keeping your vendors happy and your operations running smoothly.
2. Reduced errors and fraud risk
   Manual data entry is a breeding ground for costly mistakes: duplicate payments, missed invoices and misfiled records. Automated accounts payable systems use built-in validations to catch errors before they happen, reducing the risk of costly slip-ups. With proper controls and approval workflows in place, you’ll minimize the chance of fraudulent activity or unauthorized spending.
3. Improved cash flow management
   With automation, you get real-time insights into every outgoing payment—what’s due, what’s paid and what’s pending. Clear visibility into your liabilities helps you forecast expenses, avoid late fees and take advantage of early payment discounts. 
4. Increased visibility and control
   No more chasing down receipts or wondering where an invoice stands. Automation centralizes your AP data into one dashboard, giving you a complete, real-time view of every transaction. You can track approvals, spot spending patterns and enforce policies, all without digging through email threads or spreadsheets.

Modern accounts payable strategies 

Focus on these accounts payable strategies to reduce delays, eliminate errors, and gain better control over your AP processes.

1. Automate invoice processing

Manual data entry is a productivity killer that leads to errors and slows down your entire AP workflow. Automating invoice processing is one of the fastest ways to make your AP process more efficient and accurate.

Here’s how to do it right:

• Digitize invoices with OCR technology. Optical character recognition (OCR) technology scans and converts paper invoices into digital records. This eliminates manual data entry, reduces errors, and speeds up processing—especially if you’re dealing with high volumes of invoices.
• Automate invoice-to-PO matching. Set up rules to automatically match invoices to purchase orders (POs). With automated matching, any discrepancies like price differences or unexpected charges are flagged for review. This helps catch errors early and prevents overpayments.
• Schedule recurring payments. For vendors with regular billing cycles, such as utilities or monthly service providers, automate recurring payments. This ensures that predictable bills are paid on time without the risk of missed deadlines or late fees.

2. Optimize approval workflows

Bottlenecks in the approval process slow down payments, frustrate vendors, and create unnecessary delays. Streamlining your approval workflows keeps payments moving and eliminates confusion.

Here’s how to do it:

• Establish clear approval hierarchies. Define who needs to approve invoices based on payment amounts, vendor types, or departments. With clear guidelines, everyone knows their role, and invoices don’t get stuck waiting for the right sign-off.
• Set spending limits for team members. Create thresholds for automatic approvals to reduce unnecessary reviews. For example, purchases under $250 can be pre-approved, while anything above requires manager review. This keeps small expenses moving without bottlenecks.
• Route approvals digitally. Use an automated system to assign invoices to the right approvers, notify them instantly, and track every step of the process. Real-time updates and digital records eliminate back-and-forth emails and make it easy to follow the status of each invoice.

3. Transition to electronic payments

Paper cheques are slow, costly and prone to error. Switching to electronic payment methods speeds up your accounts payable process and reduces administrative headaches.

Here’s how to make the shift:

• Prioritize virtual cards for all online payments. Virtual cards are single-use or limited-use payment numbers tied to your corporate account. They’re easy to track, help prevent fraud and are perfect for one-off payments or online purchases (especially software trials). Many vendors prefer virtual cards because they process instantly and don’t require banking details.
• Use electronic transfers for domestic payments. For all other domestic transactions, EFT (Electronic Funds Transfer) payments are faster, more secure and often cheaper than traditional cheques in Canada. An EFT payment is ideal for recurring payments and bulk transfers, cutting out mailing delays and lowering processing costs.

💡 Pro tip: Understand the difference between ACH vs EFT. Automated clearing house payment (ACH) is a specific type of EFT used primarily for domestic payments within the US. Some more modern providers do offer cross-border ACH payments, but you’ll need to check with your bank. Or, try making international payments with Float.

New to digital payments? Start by learning how to make an EFT payment, from setting up vendors to scheduling transfers. 

Looking to pay invoices from Canada to other countries?

Check out our articles on how to pay invoices from the U.S., Mexico, Philippines, EU and India..

While this may seem overwhelming at first, modern tools have come a long way. Solutions (like Float) will allow you to implement all of these strategies in one place. 

Accounts Payable Metrics to Track

• Days Payable Outstanding (DPO): measures the average time it takes to pay vendors
• Invoice processing time: tracks the efficiency of the AP process from invoice receipt to payment
• Early payment discount capture rate: shows the percentage of available discounts captured
• Electronic invoice adoption rate: indicates the level of automation in the AP process
• Vendor satisfaction score: assesses the strength of vendor relationships based on timely payments and communication

Tips for choosing the right accounts payable software

Accounts payable software should simplify your processes, not complicate them.

Here’s what to look for.

Start with automation. Capabilities like invoice capture and approval workflows will save your team time and reduce errors. Look for features like OCR technology to digitize invoices and automatic matching to purchase orders to streamline your process.

Next, prioritize integration. Your software should connect seamlessly with your accounting system, keeping your records accurate without extra manual work.

Visibility matters, too. Real-time dashboards and easy-to-read reports help you track spending, catch errors and make smarter financial decisions.

Don’t forget security. Built-in safeguards like multi-factor authentication and role-based permissions protect your payments from fraud and unauthorized access.

Last, choose software that grows with you. Look for a solution that can handle increasing transaction volumes, add users easily and adapt to your changing needs, all while offering responsive support.

Why Float fits the bill 

Float offers fast automation, real-time insights and secure, seamless integrations—everything you need to manage your accounts payable process without the headaches. With built-in tools like bill pay to automate invoice payments, you can process transactions faster and reduce manual work. Plus, it’s built to scale with your business, supporting your growth every step of the way.

Simplify business spending with Float’s smart AP & corporate cards

“Float’s Bill Pay has become our main AP solution for Canadian business expenses. They built a product that is better than anything else on the market in Canada.”

Thomas Kwon
Head of Finance & Operations

Accounts payable management doesn’t have to be complicated or costly. Float brings everything you need into one easy-to-use platform, helping you automate your AP workflows, track spending in real time, and process payments faster—all while keeping complete control over your finances.

With Float, you get a smarter way to manage every dollar your business spends. 

• Issue corporate cards instantly
• Automate bill payments from one place
• Close your books up to 8x faster with seamless accounting integrations
• Earn 4% interest on your Float balance
• Get 1% cashback on card spend

Float is trusted by thousands of Canadian businesses to simplify their spending, from approvals to payments—all with no hidden fees and fast, friendly support when you need it. Whether you’re eliminating approval bottlenecks or gaining better control over your cash flow, Float helps your business spend smarter and scale faster.

Ready to take control of your business spending?

Get started with Float today and experience faster payments, fewer errors, and complete visibility.

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by Canadians, for Canadian Businesses.

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As a Canadian business owner, paying invoices efficiently is essential to maintaining a healthy cash flow and fostering strong relationships with your suppliers. By streamlining your invoice payment process, you can save time, reduce errors, and ensure compliance with Canadian tax regulations.

In this guide, we’ll walk you through the steps to efficiently pay invoices, from verifying invoice details to optimizing your payment processes. We’ll also provide tips on leveraging technology and maintaining good supplier relationships to help your business thrive.

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What is Invoice Payment?

Invoice payment for Canadian businesses involves the process of settling outstanding bills from suppliers or service providers. This typically includes verifying the invoice details, ensuring compliance with GST/HST regulations, and choosing the appropriate payment method.

How to Efficiently Pay Invoices as a Canadian Business

Efficient invoice payment is crucial for maintaining good supplier relationships and cash flow. Here are the steps to follow:

Step 1: Verify Invoice Details

• Accuracy is key: Cross-check the invoice for accuracy, including the amount, due date, and supplier details. Ensure that the invoice includes the correct GST/HST information. Verifying these details is crucial to avoid disputes and ensure tax compliance.

Step 2: Choose the Right Payment Method

• Select the best option: Evaluate the best payment method for your business needs, such as bank transfer, credit card, or online payment platforms. Consider factors like cross-border payments, currency conversion, payment fees and the efficiency of using a best accounts payable platform.

Step 3: Schedule Payments

• Timely payments matter: Set up payment schedules to avoid late fees and take advantage of early payment discounts. Utilize automated reminders and scheduling tools to ensure payments are made on time.

Step 4: Record and Reconcile Payments

• Maintain accurate records: Keep accurate records of all invoice payments for accounting and tax purposes. Reconcile payments with bank statements to ensure accuracy. Utilizing automated invoice payment systems can help streamline record-keeping.

Step 5: Review and Optimize Processes

• Continuously improve: Regularly review your invoice payment process to identify areas for improvement. Implement feedback from suppliers and internal teams to enhance efficiency.

Tips on Efficient Invoice Payment for Canadian Businesses

1. Utilize Technology

• Leverage tools: Bill pay and reimbursements tools can automate and streamline the invoice payment process, saving you time and reducing errors.

2. Maintain Good Relationships

• Foster strong partnerships: Ensure timely and accurate payments to build trust and maintain positive relationships with your suppliers.

3. Stay Compliant

• Adhere to tax laws: Ensure compliance with Canadian tax laws, including GST/HST, to avoid penalties and maintain good standing with tax authorities.

Frequently Asked Questions

What are the steps to pay an invoice as a Canadian business?

The key steps to paying an invoice as a Canadian business include verifying invoice details, choosing the right payment method, scheduling payments, recording and reconciling payments, and reviewing processes for continuous improvement.

What are the best methods for paying invoices in Canada?

The best methods for paying invoices in Canada include bank transfers, credit cards, online payment platforms, and automated invoice payment systems. Choose the method that best suits your business needs and helps streamline your payment processes.

How do I ensure compliance with GST/HST when paying invoices?

To ensure compliance with GST/HST when paying invoices, verify that the invoice includes correct GST/HST information and maintain accurate records for tax purposes. Staying compliant with Canadian tax laws is essential to avoid penalties and maintain good standing with tax authorities.

Is there a limit to how much money I can send via EFT?

Most banks do not impose limits on the amount of money you can send via EFT. However, some banks may have daily or monthly transfer limits for security reasons. Check with your bank for specific limits.

How can Float help me pay my Invoices?

Float is an all-in-one platform for Invoice payments that includes EFT, ACH, and Global Wire payment capabilities. Float is Free to use on our Essentials plan, where you will be able to issue unlimited virtual CAD/USD cards, earn 4% interest on deposits, reimburse employees and pay vendor bills.

How does Float help businesses save 7% of their spend?

Unlike traditional cards that get you to spend more, Float is the only corporate card in the world that helps businesses spend less. Through a combination of financial rewards like our 1% cashback, 4% interest on deposits, no FX fees with our USD cards and time savings of at least 8 hours per employee Float’s customers on average save 7% on their spend.

Role of Accounting Automation in Paying Vendor Invoices

Automation in accounts payable (AP) is revolutionizing how Canadian businesses handle financial processes. By automating tasks like invoice matching, data entry, and approval workflows, companies can reduce errors, save time, and improve efficiency. AP automation ensures compliance with Canadian tax regulations such as GST/HST, automatically calculating and reporting taxes accurately.

Additionally, accounting automation enhances cash flow visibility and strengthens vendor relationships by enabling timely payments. It reduces the risk of duplicate payments and fraud, while also supporting eco-friendly initiatives through reduced paper usage. For Canadian businesses, AP automation is key to boosting productivity and maintaining competitiveness.

How to Choose the Right Software to Manage Invoice Payments?

Choosing the right software to manage invoice payments is key to improving efficiency, reducing errors, and maintaining better control over cash flow. Our 2025 Best Accounts Payable Software review takes an in-depth look at the top solutions available in Canada, comparing key platforms based on:

• Automation & Efficiency – AI-driven invoice capture, GL coding and approval workflows to reduce manual work.
• Payment Capabilities – Support for EFT, ACH, credit card payments and international wire transfers.
• Integration & Usability – Seamless connections with accounting software and user-friendly interfaces.
• Pricing & Value – Transparent pricing, cost-saving features, and additional benefits like Float’s 4% interest on held funds.

It also includes a handy comparison chart of the top providers to help you easily compare costs, features and more.

How to Pay International Invoices as a Canadian Business?

Are you looking to pay international invoices out of your Canadian entity? We’ve got you covered with our dedicated step-by-step walkthrough of making payments across the globe.

• Making EFT Payments in Canada
• Making ACH Payments to the US
• Making a Global Wire Payment to the EU
• Making a Global Wire Payment to Mexico
• Making a Global Wire Payment to UK
• Making a Global Wire Payment to India
• Making a Global Wire Payment to Philippines

Also, check out our resource on ACH vs. EFT for a better understanding on the two payment methods and what might be right for your business.

Streamline Your Invoice Payments with Cutting-Edge Solutions like Float

By using a comprehensive bill pay service, you can enjoy a centralized platform for managing all your invoice payments, regardless of the payment method or currency. This streamlined approach saves you time, reduces the risk of errors, and provides greater visibility into your financial transactions.

If you’re looking for a comprehensive solution to streamline your invoice payment process, we invite you to explore Float’s Bill Pay service. With features like AI-powered Bill Intake, embedded EFT/ACH and Global Wires, and 4% interest on funds, Float’s platform is designed to simplify the way you manage and make invoice payments in Canada.

Are you looking to streamline your business’s payment processes and reduce transaction costs? ACH payments offer a secure, efficient, and cost-effective solution for Canadian businesses. In this step-by-step guide, we’ll walk you through the process of setting up and making ACH payments, helping you optimize your financial operations.

By understanding the benefits of ACH payments and following our detailed instructions, you can take advantage of this powerful payment method and improve your business’s financial efficiency. Let’s dive in and explore how ACH payments can transform the way you manage your transactions.

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What is an ACH Payment in Canada?

ACH (Automated Clearing House) payment is an electronic funds transfer system that processes payments between banks. It is commonly used for direct deposits, bill payments, and other types of financial transactions. ACH payments are processed in batches and can be more cost-effective than wire transfers.

Why Use ACH Payments for Your Business?

ACH payments provide a secure, efficient, and cost-effective way for businesses to manage transactions. They offer lower processing fees compared to credit card payments and enable businesses to streamline their accounts payable processes. Additionally, ACH payments are ideal for recurring payments, reducing the need for manual intervention. But not every financial service provider offers ACH (learn more about ACH vs EFT in this article.)

How to Make an ACH Payment as a Canadian Business

Step 1: Set Up Your ACH Account

• Contact your bank to set up an ACH account, ensuring it supports ACH transfers.
• Provide necessary business documentation and verify your identity.
• Your bank will guide you through the setup process and provide the required forms.

Step 2: Gather Required Information

• Obtain the recipient’s banking details, including their bank account number and routing number.
• Ensure you have the recipient’s full name and address as it appears on their bank account.
• Collect any additional information required by your bank, such as the recipient’s SWIFT code for international transfers.

Step 3: Initiate the ACH Payment

• Log into your bank’s online portal or use their ACH payment service.
• Enter the recipient’s banking details, the payment amount, and the payment date.
• Review the information for accuracy and submit the payment request.
• Confirm the payment through your bank’s security verification process.

Step 4: Monitor the Payment Status

• Track the status of your ACH payment through your bank’s online portal.
• ACH payments typically take 1-3 business days to process, but this can vary based on your bank and the recipient’s bank.
• Ensure that the payment has been successfully completed and received by the recipient.

Step 5: Record the Transaction

• Keep a record of the ACH payment for your financial records.
• Update your accounting software or accounts payable platform with the transaction details.
• Monitor your bank statements to verify the payment has cleared.

Tips on Ensuring Successful ACH Payments

1. Verify Recipient Information

• Double-check recipient details: Carefully review all recipient information before initiating the ACH payment to avoid errors and delays in processing.

2. Schedule Payments in Advance

• Plan ahead: To ensure your ACH payments are processed on the desired date, schedule them in advance, taking into account the processing time required by your bank.

3. Use Secure Banking Platforms

• Prioritize security: Always use secure online banking platforms to protect your financial information and ensure the safety of your transactions.

Frequently Asked Questions

What are the steps to make an ACH payment as a Canadian business?

The steps include setting up an ACH account, gathering recipient information, initiating the payment, monitoring the payment status, and recording the transaction.

Are there any specific regulations for ACH payments in Canada?

Yes, Canadian businesses must comply with regulations set by Payments Canada, including obtaining proper authorization from the recipient.

Which banks or services offer ACH payment options in Canada?

If you are looking for a modern solution for ACH payments in Canada, look no further than Float. Otherwise, many major banks in Canada offer ACH payment services, including RBC, TD, and Scotiabank, among others, however, additional fees may apply.

How much does Float cost?

Float is Free to use on our Essentials plan, where you will be able to issue unlimited virtual CAD/USD cards, earn 4% interest on deposits, reimburse employees and pay vendor bills. If you need more sophisticated functionality, like over 20 physical cards, Netsuite integration, or an API solution, you will have to consider our paid Professional and Enterprise plans.

How does Float help businesses save 7% of their spend?

Unlike traditional cards that get you to spend more, Float is the only corporate card in the world that helps businesses spend less. Through a combination of financial rewards like our 1% cashback, 4% interest on deposits, no FX fees with our USD cards and time savings of at least 8 hours per employee Float’s customers on average save 7% on their spend.

Best way to manage ACH payments is with Float

Using our bill pay solutions and accounts payable platform, Canadian businesses can streamline their ACH payment processes, reduce errors, and ensure timely payments. Our platform offers seamless integration with your existing financial systems, making it easier to manage accounts payable and stay on top of your business finances.

By following this step-by-step guide, you can confidently navigate the world of ACH payments and unlock the benefits they offer for your Canadian business. As you embark on this journey, remember that we’re here to support you every step of the way. Get started for free with our user-friendly platform and let us help you streamline your payment processes, saving you time and money.