In this business climate, customers want results fast. They get them with us.
Atlanta, GA (Vocus/PRWEB) February 02, 2011
“Last year, we helped our clients earn an extra $3.25 million,” says Leslie Wright, President of Solvit. “Our clients make money as they spend money. Thanks to our Resolve and PAVA tools, they’re getting real power out of their p-card programs.”
Solvit Software’s Resolve simplifies p-card management. Traditionally, employees make card purchases, then initiate an inefficient, multi-step, paper-driven approval and reconciliation process. “Now with Resolve, it’s automated,” says Mike Herndon, Director of Procurement and Contract Services at University of Southern Mississippi. “Resolve has taken a lot of the manual labor out of the process.” Ultimately, Resolve cuts administrative costs by several hundred dollars per transaction. “Plus,” Wright says, “Resolve’s nightly feed into an organization’s general ledger allows auditors to spot fraud much sooner than if they had to wait for a monthly statement.”
Solvit Software’s PAVA turns accounts payable into a profit center by using virtual p-cards to pay invoices. PAVA imports the client’s invoices, creates a one-time-use virtual card through the bank, and notifies the vendor of the payment. The vendor immediately receives payment details through a secure server and sees receipt of funds within 24-48 hours. By using p-cards to pay invoices, clients significantly increase the bank rebate they receive. “Before we implemented PAVA, our check used to be about $1,500 a month,” says Herndon. “(Recently our rebate was) over $15,000. Everything we pay through accounts payable is new dollars spent through the program. It’s a tremendous opportunity.”
“We have successfully interfaced with many of the major ERP systems, such as SAP, Oracle Financials, PeopleSoft, and Lawson,” explains Wright. Solvit Software serves a variety of K-12 school systems, universities, and Fortune 100/500 companies. “We are committed to helping each one of our clients see the difference in their bottom line immediately. In this business climate, customers want results fast. They get them with us.”
Electronify your p-card program through Solvit Software.