Operating in a highly competitive, highly fluctuating market, the bank was seeking new ways to create efficiencies that would allow them to continually deliver value to shareholders and customers. Their accounting team was spending hours each day issuing checks and enrolling vendors into ACH payments. The bank wanted to streamline operations and build an automated process that would meet current needs and scale for future ones.
Paymerang worked with the bank to outsource virtually all of their check, ACH and virtual card payments, including those they had already enrolled in their in-house ACH program. As the bank grew through acquisitions, Paymerang gave them the agility to add new payments and vendors into the service, enabling a smoother and less expensive integration process.
$90K in additional annual revenue through cash rebates
$15K in direct cost savings by outsourcing payments
400+ hours of administrative time saved each year
Increased scalability through flexible automated processes
The Full Report
Download the PDF report here.