BUSINESS RESULTS
Change is never easy, particularly when it involves installing new systems. “We weren’t excited about going through the change process. We already had our plates full and didn’t have time to learn a new, complicated software system.”
The Club was pleased with how smooth the transition was, and the support provided by CSI along the way. CSI’s dedicated account management team guided them through the learning curve and spearheaded the vendor enrollment campaign, contacting every vendor and ultimately moving nearly 50% of the Club’s vendors to CSI Paysystems.
“It wasn’t a lot of work for us to get through the change. The CSI team was very hands on and checked in often to make sure things were going well. Anytime we had an issue with our Jonas software integration or with a payment, they were quick to communicate and solve any problems.”
What would Nissen say to other financial executives experiencing the skepticism that he once felt? “CSI Paysystems requires no more work; in fact, in many ways it’s easier than the old, traditional process of check writing. And we get approximately $2,000 in rebates back to us every month. The rebate is new revenue we never had before, simply by paying our bills through CSI Paysystems. It’s really a no-brainer.”
PROGRAM HIGHLIGHTS
- Nearly 50% of vendors accepting virtual payments
- Improved efficiencies by eliminating paper checks
- Cost savings of $5.14 per eliminated check (as estimated by The Accounts Payable Network); or an estimated $4,217 annual savings for the Club.
- New monthly revenue of $1,500-$2,000 per month from cash back rewards.
