EVT (Electronic Value Transfer)

Electronic Value Transfer (EVT) is a form of procurement payment method which facilitates the transfer of funds from a buyer to a seller in an electronic format. EVT eliminates the need for physical documents and manual processing, resulting in less paperwork, faster transaction completion times, and greater cost savings. With enhanced security measures in place, EVT is a secure and reliable way to complete payments between parties. EVT also allows for increased visibility throughout the purchasing process, providing organizations with more transparency and control than ever before.