CHALLENGES:
- Substantial payment management and control requirements due to nearly 7 000 patients and residents in numerous channels
- Significant cash complexities and liquidity requirements for treasury and financial operations from numerous real estate holdings to house patients
SOLUTION
- Banking Hub to streamline processes, gain greater cash visibility and improve payment and bank transaction reconciliation processes
RESULTS
- Eliminated human intervention by 100%
- Reduced duplicate payment execution work by 100%
- Reduction of bank transaction fees of $100k per year
- Fast implementation
- Awarded the 2019 Best Treasury Management Solution by TMI Magazine