E-Pay
Turn your accounts payables into a profit center.
During these strained economic times, we are all working to identify new ways to find additional efficiencies, cost reduction, and revenue opportunities.
Our B2B Payment Service Solution partner can turn your Accounts Payables into a profit center. Automating your organizations payments to vendors can generate significant monthly cash rebates on payments made through our a proprietary payment solution.
Typical rebates realized are $1 Million for every $100 Million of spend processed through our model.
With as few as 8-10 hours of work, your organization can be optimizing value within your AP disbursements and generating significant rebates/revenue. Also, the effort to get started is all done remotely by phone and web meetings.
If by chance you have an existing program in place, our partner has a GUARANTEE to increase your current rebate by a minimum of 25% and can leverage the existing file format for payments.
Improve:
- Revenue and cash flow
- Customer satisfaction
- Solution adoption
- On-time payments
- Supplier relationships
- Funding speed
Reduce:
- Time spent
- Employee resources
- Manual errors
- Fees and costs
- Outages and delays
- Processing time
Case Studies
SOUTH FLORIDA CITY
Challenge: The city was forced to deal with reduced budgets and was looking for ways to cut cost and increase revenues. The city looked for both process improvements as well as reduced labor costs.
Solution: E-Pay Solution
Results: The city generates over $300K annually through payments issued and processed.
SCHOOL DISTRICT
Challenge: The school district was looking for ways to automate their payment process and increase revenue back to the district.
Solution: E-Pay Payment Solution
Results: Solution was up and running 10 days after signing the contract. Monthly rebate is $13K. Increased back-office efficiencies and increased vendor participation while enhancing the monthly rebate.
BUSINESS
Challenge: The organization had an e-Payment program through their lending bank for several years. Current rebate earned was below expectations.
Solution: Replaced e-Payment program. Robust enrollment process maximized results.
Results: Within 2 weeks of converting, there was an additional $58M of annual vendor spend enrolled (+120% increase). The total annual vendor payment throughput after full enrollment is estimated over $125M (3X the bank program). At full enrollment, the annual rebate will be over $1.5M versus the $600K through the prior program.
