FORT LAUDERDALE PARTNERS WITH CPS TO GENERATE REVENUE THROUGH PAYMENT PROCESS
BACKGROUND
Fort Lauderdale is a city on Florida’s southeastern coast with apopulation over 180,000. It is the county seat of Broward County and a principal city of Miami metropolitan area.
Due to the economic environment, Fort Lauderdale was forced to deal with reduced budgets and was looking for ways to cut costs and increase revenues. The city looked for both process improvements as well as reduced labor costs.
SOLUTION
CPS presented Fort Lauderdale with a comprehensive solution
that included a non-disruptive implementation process, seamless integration with easy-to-use and intuitive software, and a robust vendor enrollment strategy.
The program included a 100% vendor verification strategy, conducted by CPS personnel, complimentary Pay4You manual payment processing, and continuous vendor analysis.
RESULTS
In the first two months of the program, Fort Lauderdale was ableto eliminate 1,100 checks. The city increased its AP ePayables
payments nearly $20M annually through the CPS Pay4you service generating an additional $300,000 in recurring rebates for the City.
• The city increased its AP electronic payments through CPS by nearly $20 million annually
• City saved costs in payment processing both in labor and check costs
• Implementation was completed in less than 2 weeks with no costs for implementation or ongoing fees
Fort Lauderdale has been impressed with the CPS solution and additional revenue stream. As a long-time customer of CPS, Fort Lauderdale has received millions of dollars in rebates over the years.
The city increased its e-Payment through CPS by nearly $20M annually generating an additional $300,000 in recurring rebates.
As a longtime customer of CPS, Fort Lauderdale has received millions of dollars in rebate
