This blog will give you information on the free virtual debit card feature from the cloud-based platform and how it helps a radiology company.
Radiology companies are in demand since imaging technology has become an indispensable part of modern healthcare. Radiology has a key role in detecting fractures, monitoring pregnancies, diagnosing life-threatening conditions like cancer, etc. In a situation like this, running a radiology company allows you to contribute to early diagnoses and effective treatment planning.
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However, radiology companies also have challenges, like any other company, especially when it comes to payments. For instance, imagine a situation when your CT scanner suddenly stopped working, and you called the equipment repair shop to inspect and fix it. However, the owner of the shop refused from sending any repairers since you already have a pending payment. But the fault is not yours. You have already made the payment from your end. You sent the money order on the same day you received the service, but it got stuck somewhere.
Let’s also look at another possible situation inside a radiology company. Each of your employees is taking funds from your main account to purchase items necessary for your company. But now you are confused about who has spent how much. In other words, you lack a clear understanding of the expenses incurred by each department under your management.
What can radiology companies do to prevent situations like these from happening?
The answer is simple. They just have to switch to online payment methods like virtual cards. These are digital forms of physical cards that you can use for making payments instantly. You can create and send virtual cards easily with Zil.US.
Make Payments Instantly with Virtual Cards
With virtual cards, you can avoid the unpleasant situations mentioned in the beginning. You can pay your equipment repairers on time and prevent any misunderstandings from happening. For creating virtual cards, you just have to create an account on Zil.US and fill in your wallet. Charging your wallet is not a big deal. You can simply do it from your checking account. The platform lets you create and send any number of virtual cards. Each time when your wallet balance becomes zero, you can easily recharge it. You may also track and manage your spending digitally in real-time using virtual debit cards.
Issue Multiple Cards from One Single Account
With Zil.US, you can issue multiple cards from a single account. This facility allows you to send cards to all your employees, and they can spend accordingly. You can also set spending limits for each card issued. By customizing these limits, you can make sure that every expense is under your control. This way, you can prevent overspending and unauthorized transactions.
The ability to customize spending limits can also simplify the reconciliation process. Having a proper record of who spent what and where can help you easily track and categorize expenses. Therefore, you can save a lot of time and reduce errors in financial reporting with this feature. In short, Zil.US offers a secure, efficient, and transparent way to manage your business spending.
Open A Checking Account at No Extra Cost
As mentioned before, you need a checking account for charging your wallet. The checking account from Zil.US is completely free. There is no initial fee, monthly fee, or any other similar fee. Moreover, there is no need for maintaining a minimum balance or keeping a minimum deposit. That is, with the platform, you can use all your funds for your business and not for unnecessary expenses like checking account fees.
Another highlight of the cloud-based platform’s checking account is that it may be opened from anywhere in the world. You don’t have to be necessarily in the US for opening the account. You just need an internet connection! Moreover, with the platform, you can open any number of checking accounts; there are no limits.
Multiple Payment Options from One Platform
Zil.US offers multiple other payment options in addition to virtual cards. ACH and wire are two of the most commonly used among them for B2B transactions. The same-day ACH feature from the cloud-based platform sends your checks within the next business day. The cloud-based platform is an official member of NACHA, which is the regulating body that controls the ACH network.
With the platform, you can make both international as well as domestic wire transfers. For making international transfers, you need specific codes like SWIFT or IBAN, and for domestic transfers, you only need the account number and the routing number. Wire transfers are the best for transferring large amounts as they offer high transaction limits.
Conclusion
Just like any other business, radiology companies can also make payments easily from the free virtual debit card feature from Zil.US. Creating and sending virtual cards is easy with the platform. You just have to fill in your wallet from your checking account. The cloud-based platform also offers other payment options, such as ACH and wire.
