Leading national healthcare insurance and service provider wanted more efficient payments with little impact on overburdened IT Department.

1. Insurance Case Study
Leading national healthcare insurance and service provider wanted more efficient
payments with little impact on overburdened IT Department.
The Treasury Manager of one of part of the leading national health care insurance and
service providers was seeking an Accounts Payable upgrade to include electronic
payments to reduce costs and create a new revenue stream for the company. She had
the Controller researching numerous options of outsourcing with several banks and the
card processors but learned that doing this would require the existing payment files to
be manipulated.
She turned to the CIO seeking help streamlining data and enabling connectivity. The
CIO researched numerous options, many of which required a huge project that his staff
wouldn’t be able to plan, let alone initiate, for a year. Others required outsourcing
payments, something that he, the Treasury Manager and Controller were not
comfortable with.
OnPay Solutions provided SecurePayPlus as an add-on module to their PeopleSoft®
ERP. The integration requires absolutely no manipulation of data and enables the
payments team to work in a hosted environment that is locked-down to meet the
Network Security Team, Security Assessment Team and Risk Management Teams’
hard scrutiny.
Today, this company is earning rebates on Virtual MasterCard® payments close to
$80,000 annually and have reduced their costs by $28,000, making a total impact of
$108,000 per year on the organization.