Paymerang and CFO Colleague Join Forces to Empower Higher Education Institutions with an Award-Winning Payment Automation Solution
Tom Smith | Published on August 30, 2024
Paymerang, a leader in B2B accounts payable (AP) payment automation, is pleased to announce a new partnership with CFO Colleague, a financial and operational advisory firm specializing in higher education. This collaboration will provide higher education institutions with cutting-edge AP automation solutions combined with the deep financial expertise of seasoned CFOs who understand the unique challenges of this sector.
Transforming Financial Operations in Higher Education
This partnership is set to transform the financial operations of colleges and universities across the country. By integrating Paymerang’s AP payment automation platform with CFO Colleague’s strategic advisory services, institutions can streamline their financial processes, optimize resource allocation, and enhance overall operational efficiency. This is particularly critical in today’s environment, where institutions face increasing financial pressures amidst fluctuating enrollment trends and rising operational costs.
“We are thrilled to begin this partnership between Paymerang and CFO Colleague, a collaboration designed to bring unparalleled value and efficiency to higher education institutions across the country. With the challenges confronting academic institutions, streamlining financial operations and enhancing payment security are more critical than ever. By joining forces, Paymerang and CFO Colleague are committed to addressing these challenges head-on, offering proven solutions tailored specifically for the unique needs of higher education institutions.”
– Tom Smith, VP of Higher Education, Paymerang
Empowering CFOs with Proven Solutions
CFO Colleague brings to the table a wealth of experience from the financial front lines of higher education. Since 2013, they have helped over 200 institutions implement best practices, smart metrics, and forecasting tools that drive financial stability and long-term success. The firm’s approach is hands-on, transforming higher education institutions towards sustainability while leveraging automation to achieve strategic goals.
“This is a natural addition to our portfolio of services. One of our clients eliminated $40,000 of check processing costs and earned $60,000 in fee income in their first year with Paymerang. We’re excited to offer Paymerang to our growing list of clients.”
– Jeff Spear, Founder of CFO Colleague
About Paymerang
Founded in 2010, Paymerang provides a streamlined invoice and payment automation platform that brings finance departments into the modern age. Paymerang’s platform saves AP departments thousands of hours annually, enhances visibility, increases accuracy, improves efficiency, and earns rebates while reducing paper, fraud risks, and operating costs. Learn more at paymerang.com.
About CFO Colleague
CFO Colleague is a financial and operational advisory firm specializing in higher education. Founded by veteran CFOs, the firm is dedicated to helping institutions navigate the complexities of the higher education landscape. Through their expert guidance and time-tested tools, CFO Colleague empowers higher education institutions to make data-driven decisions, optimize cost structures, and achieve long-term financial success.
