Solution Overview
CPS e-Payable solutions enables organizations to automate the disbursement of their vendor payables through the use of one-time use virtual cards. By replacing checks, organizations are able to generate significant revenue on payments made to vendors and eliminate the cost of the check printing and processing.
Outcomes and Benefits
▪ Through successfully addressing the FPL payments, CPS produces approximately $750,000 in rebate for Broward County Schools on an annualized basis, paid monthly.
▪ Cost reduction in payment processing both in labor and check costs.
▪ No cost for implementation or ongoing support fees