Private liberal arts college
The college’s accounting staff was spending two hours a day cutting and stuffing checks for suppliers in addition to reimbursement checks to employees; the mailroom was spending time processing and sending those checks; and lost checks and check reconciliation were an ongoing burden.
After spending more than a decade searching for an electronic payments partner that would fit within their existing workflow, they learned of Paymerang and decided to move forward. During the two-week implementation process Paymerang adapted its software to fit the college’s accounting system and called vendors on behalf of the college to see what payment methods they would accept.
Fewer bank fees due to lower check volumes
Time savings of 500+ hours a year by eliminating manual processes
Cost savings from decreased postage, envelopes and check stock
Added $50K in revenue annually through cash rebates
The Full Report
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