Industries We Service

  • Health Care
  • Government
  • Manufacturing
  • Retail
  • Education
  • Media
  • Third Party Administrators
  • K-12 and Higher Education
  • Defense
  • Quick Service Restaurants
  • Grocery
  • Advertising
  • Professional Services
  • Automotive
  • Property Management
  • Real Estate
  • Casinos/Gaming
  • Hospitality

Case Study

“The $4 Billion Dollar Paint Manufacturer”

The organization has had an e-Payment program through their lending bank for several years. They did not feel they were having the throughput and rebate earned that they thought they should. Their goal was to find an e-Payment provider that could dramatically increase vendor enrollment and rebate.

SOLUTION:

The company selected CPS to replace their bank e-Payment program. CPS has a robust enrollment strategy that maximizes success for their clients. It includes:

  • 100% vendor contact – Every vendor is contacted by CPS during the enrollment process
  • Pay4You – CPS manually pays vendors on behalf of clients who will take a credit card as a form of payment but can not or will not accept in the standard e-Payment delivery method. CPS will pay the vendor through phone call, online web payment, secure fax, etc. This service is performed at no charge to the client.
  • Continuous Analysis – The CPS enrollment specialists are constantly performing data analysis across clients vendors paid and performing reconciliations within each account to ensure all enrolled vendors are converted and being paid by the client.

The RESULT:

The company was paying $45M annually through their bank program. Within 2 weeks of converting to CPS, there were 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.

Case Study

“$700M Hospital”

The hospital, as with many organizations, was looking for opportunities to reduce operating cost and drive margin to net income. One criteria was quick payback on investment and high ROI on all cost takeout initiatives.

SOLUTION:

The hospital implemented the CPS “best practice” Electronic Accounts Payable Solution enabling them to pay roughly 25% of their total AP spend with a Single-Use Virtual MasterCard. The cost free implementation of the CPS e-payables program enabled the client to immediately start realizing cost savings and cash return on their total monthly spend. With $0 cost, there was immediate payback and extremely high ROI.

The RESULT:

The hospital ran its first e-Payment run of over $2M within 10 days of signing the CPS Contract. The hospital processes on average $5M per month in vendor e-Payments and generates nearly $1M in total net income improvement from the cash rebate and reduced check printing cost. The implementation required less than 10 hours of total AP and IT support to go live.

Case Study

“$30B Defense Contractor / Manufacturer”

The company was looking for a way to increase automation of their AP process and take advantage of cash rebates from paying vendors who accept credit cards as a form of payment.

SOLUTION:

The company was going through an enterprise-wide Oracle upgrade. CPS worked with the company to implement a development a technology instance in both the 11i and R12 environments. This allowed the company to begin their end to end testing within 11i and continue the testing for R12. The CPS e-Payment team worked collaboratively with the client IT and Finance professionals to provide multiple instances.

The RESULT:

CPS enrolled over 30% of the client provided AP vendors into the e-Payment program. The total implementation time took less than 20 hours. Total check processing cost and total ROI continue to grow as the organization increases the AP vendors targeted for enrollment by CPS.

Case Study

“Large South Florida City”

Due to the current economic environment, 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. CPS was invited to present their e-Payables solution.

SOLUTION:

CPS offered a unique solution as the e-Payment provider for the municipality. CPS implemented their Payment Portal in less than 2 weeks. The City Manager charged CPS with paying utility vendors in addition to standard AP vendors. Many utility vendors accept credit card payments with special handling (phone, website login, fax). CPS offered their “Pay4you” service for the city to accommodate their utility payments. The Pay4you team at CPS routes the payments from the city to the Pay4you desk where experienced professional manually process and apply these payments on behalf of the city.

The RESULT:

The city increased its AP ePayables payments through CPS by nearly $20M annually through the CPS Pay4you service generating an additional $300,000 in cash rebates for the City.

Case Study

“The $4 Billion Dollar Paint Manufacturer”

The organization has had an e-Payment program through their lending bank for several years. They did not feel they were having the throughput and rebate earned that they thought they should. Their goal was to find an E-Payment provider that could dramatically increase vendor enrollment and rebate.

SOLUTION:

The company selected CPS to replace their bank e-Payment program. CPS has a robust enrollment strategy that maximizes success for their clients. It includes:

  • 100% vendor contact – Every vendor is contacted by CPS during the enrollment process
  • Pay4You – CPS manually pays vendors on behalf of clients who will take a credit card as a form of payment but can not or will not accept in the standard e-Payment delivery method. CPS will pay the vendor through phone call, online web payment, secure fax, etc. This service is performed at no charge to the client.
  • Continuous Analysis – The CPS enrollment specialists are constantly performing data analysis across clients vendors paid and performing reconciliations within each account to ensure all enrolled vendors are converted and being paid by the client.

The RESULT:

The company was paying $45M annually through their bank program. Within 2 weeks of converting to CPS, there were 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.