Our Clients

Morgan & Morgan

This personal injury law firm with more than 300 attorneys in almost 40 offices throughout the US was using a major bank to pay their suppliers via virtual card.

 

 

What Finexio Accomplished

Morgan & Morgan’s banking partner only targeted the top tier of suppliers for virtual card payments, which totaled less than 20% of their overall spend. Finexio’s intelligent technology was able to identify thousands of incremental payment opportunities that the bank missed, and enrolled 447 additional suppliers into our electronic payment program.

 

Results

  • Enrolled 177% more suppliers to the Finexio network.
  • Increased the total number of electronic payments by 58%.
  • Converted additional millions of dollars to electronic spend.

RxSense

This leading provider of pharmacy benefit programs paid the majority of their suppliers manually via paper check, from printing to signing to mailing.

What Finexio Accomplished

Proposals from banks and other payment execution companies could not address a number of issues associated with RxSense’s supplier base, such as a high concentration of spend with a few key strategic suppliers and a large proportion of spend associated with industries not traditionally considered viable for electronic payments.

By leveraging our proprietary network, Finexio was able to offer RxSense’s suppliers a broad range of payment options and timing. We also gave RxSense the ability to process payments directly at supplier banks, which helped secure existing discounts and drive additional rebates.

Results

  • Converted 62% of RxSense's supplier spend to electronic payments.
  • Switched high-spend ACH volume to rebate and discount-generating payment methods.
  • Generated $200,000 in annual rebates.