Dynamic Discounting Enables Operational Savings and Optimized ROI
Viewpost, known as the secure B2B network for e-invoicing payments and real-time cash management, recently announced a fruitful relationship with Florida Hospital, one of the biggest not-for-profit healthcare providers in the U.S.
In collaboration with Medius, known as a leading provider of AP invoice automation solutions in the cloud, Florida Hospital is ramping up bill payment to cut back office costs while maintaining the commitment to excellence and personal care for patients.
Florida Hospital has long been in the registry for Viewpost, and a recent adopter of Viewpost Express early payment discounting. With the added feature of MediusFlow, a new level of cloud AP invoice automation solution from Medius is slated to accelerate Florida Hospital’s discount savings by reducing invoice processing time, making it feasible to capture even more early payment discounting opportunities.
Working alongside Medius to jumpstart payables for an existing customer is an entirely unique partnership fore Viewpost and a perfect example of how healthcare providers such as Florida Hospital are spearheading payables automation and operational efficiency.
“The medical industry has been leading the migration to electronic patient records, so it’s a natural step for us to do the same with electronic business transactions,” said Esmond Chan, Director of Accounting at Florida Hospital. “With over 10,000 suppliers from across the country, Florida Hospital is using Viewpost to streamline payables, lower operating costs, and collaborate with our suppliers to provide more than $5 million in working capital financing.”
“The partnership between Medius and Viewpost will expand our offering and further enhance our ability to modernize the way accounts payable functions. We’re excited to help Florida Hospital achieve their invoice automation goals,” said Andreas Granath, Senior Vice President at Medius. “By focusing on capture, validation, process management and reporting, our clients can easily map out their gaps, identify areas for improvement and build a streamlined roadmap toward AP invoice processing best practice. Viewpost’s comprehensive and inventive solution for data visibility in the B2B marketplace is a perfect complement to our own cloud-based invoice automation and benchmarking capabilities.”
“Viewpost is designed to remove the costly transactional friction experienced by any company, from the largest enterprises to the smallest service providers,” said Max Eliscu, CEO of Viewpost. “Florida Hospital, with its diverse population of suppliers and quick adoption of Viewpost Express dynamic discounting and payment automation, is validation of the win-win created by an ability to securely connect, transact and track payments electronically while collaborating to optimize cash distribution and access to on-demand working capital.”