A full-service regional hospital
With an accounts payable workload that had tripled in three years due to rapid expansion, the hospital was looking for a way to streamline and eliminate routine tasks, pay their suppliers electronically and earn cash rebates in the process. The addition of new service lines and construction projects required a flexible and scalable solution. After speaking with several banks, they decided to search elsewhere for a solution that would fit their needs, not the other way around.
Paymerang worked with the hospital to implement a fully electronic AP solution in 60 days, requiring only 20 hours from the finance team and zero IT resources. We were able to set up a quick check-file upload, enroll all their vendors and drastically reduce their workload.
$60K in additional revenue from cash rebates
$15K in direct cost savings by moving to electronic payments
300+ hours of administrative time saved each year
Increased scalability through flexible technology and processes
The Full Report
Download the PDF report here.