Our partner has proprietary software that automates the accounts payable process from payment to reconciliation by enabling organizations to pay expenses with a single-use virtual MasterCard. This program creates cash rebates for a client’s total monthly non-labor spend for paying bills that they have to pay anyway. Free cash generated is approximately $15,000 for every million dollars of spend through the system. The program is customized to meet specific needs and is installed free on a client’s network. This is a quick, noninvasive, nonthreatening way to infuse additional cash straight to a client’s bottom line, at no cost. These dollars are tax-free as they are considered a reduction in the cost of goods.
A few points worth emphasizing that differentiate our Partner from their competitors in the marketplace:
- E-Payment Services is their exclusive business.
- Size and volume have no limits.
- They provide a high percent rebate from day one, dollar one. No tiered structure.
- They perform a very detailed, data driven analysis to arrive at the realistic pool of spend that is eligible for E-Payment services.
- Vendor participation on client sites far exceeds that of their competitors. This component of the program is just as important as the percent rebate to determine your maximum rebate dollars.
- Their program is the client’s program, which means if a client decides to switch banking relationships the program is portable and not tied to a bank.
Expected Results
- Transforms manual A/P processes into electronic environment
- Transforms A/P Cost Center into Profit Center thru expense reduction and payment of industry high flat monthly CASH REBATES on prior month’s transactions processed through Solution—NOT tiered based on volume.
Service Offering
- Streamlines bill payment processes. Solution requests the card number, generates a custom remittance, sends payment by fax or email, automates reconciliation; and enables users to hold payments, search payments, and generate reports.
- Payment Portal runs securely on any network and searches, holds, previews, consolidates, and reconciles all payments via one easy-to-use interface.
- Fully Integrated ERP Solution that interfaces with most ERP systems including Lawson, Oracle, PeopleSoft, JD Edwards, SAP, and most others.
Payment Portal for Insurance Claims
- Consolidates the claims payment process into a custom, secure email
- Provides customized remits that match the current providers’ statements.
- Eliminates manual processing costs including check writing, postage handling, printing, account reconciliation, and A/P personnel time while reducing check fraud and fees.
Deliverables
- Automates the A/P process from payment to reconciliation by enabling organizations to pay using a Single-Use Virtual MasterCard. Procurement { P-CARD }, and Fleet Card options are also available.
- Provides customized payment solution which generates a unique MasterCard number for each payment processed, creates a customized remittance, sends payment by fax or email; and enables users to hold payments, search payments, and generate reports.
Solution Offerings
- Virtual Card (e-Payables)
- Eliminates check writing and postage-thru Single-Use Virtual MasterCard
- Available when client has $10 million or more of non-labor spend annually
- Reduces the labor cost of the Accounts Payable function
- Pays industry high monthly rebate on prior month’s transactions processed through Solution
- Integrates with all major ERP systems thru proprietary, patent pending technology/software
- Provides all vendor “on-boarding”; optimizing vendor participation-No cost
- Provides greatest number of vendor participants
- Facilitates electronic account reconciliation
- No cost for network installation
- No fees for using
- Eliminates fraud and abuse-thru Single-Use Virtual MasterCard
- Facilitates spend management compliance
- Provides spend reporting
- Provides “optional” fleet card-same rebate
- Purchasing Card (P-Card)
- Under $10 million of non-labor spend annually
- No on boarding
- Eliminate Check writing
- Go Green-reduce bill payment costs
- Provides Monthly Cash Rebates on Purchases
- Establishes Spending Controls Based on Client Needs
- Tracks and Manages Spending Online in Real-Time
- Authorize groups, sub-groups, or individual employees for specific purchase
- Establish parameters for when, where, how much and how often purchases are made
- Establish locations where the card cannot be used
- Establish dollar limits based on position
- Change limits, block or unblock cards
- Make one-time exceptions
- Download expense reports for integration with financial systems
- Fleet Card
- Free and Easy
- Manage your fleets, streamline payments and increase cash flow with our scalable, customized payment program. Our Partner’s scalable payment program is customized to fit your needs, regardless of fleet size.
- Improve your company’s cash flow by assigning cards to drivers or vehicles, utilizing our online fuel pricing tools, and streamlining invoicing and reporting.
- Earn cash rebates. Manage and control your fleet expenses with our Partner’s MasterCard-the card that transforms your fleet expenses into cash by earning a rebate on every dollar spent.
- Leverage discounts and reduce fuel costs
- Assign cards to specific drivers or vehicles
- Fuel discounts at thousands of locations nationwide
- Free savings locator – search for the lowest fuel prices in your area involvement
- Accepted at millions of locations worldwide