A note from Jeff Felser
Welcome to the summer edition of Payment Solutions News, your insider view into the latest payables products and services from PNC's Treasury Management group. In this issue, you'll learn about some exciting new enhancements to the PNC ActivePay® platform.
Looking for ways to streamline and improve the overall ActivePay process, PNC's Card Services Account Development team recently conducted a detailed Lean Six Sigma analysis of ActivePay. The project's findings identified specific opportunities to reduce the timeframe of a typical vendor enrollment campaign, leading to faster realization of card spend for our clients.
This ActivePay project is just the latest example of PNC's dedication to providing our clients with the best treasury management solutions possible.
Senior Vice President
Community-based healthcare company converts 95% of suppliers to ActivePay
Martin Health System, a not-for-profit, community-based healthcare organization based in Stuart, Florida, recently moved their electronic payment program to PNC's ActivePay platform. With a multiple-hospital system consisting of more than 240 beds, Martin Health was expanding and looking for new ways to maximize their cash on hand.
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PRODUCT SPOTLIGHT: PNC ACTIVEPAY
Make your payables process more efficient and gain added payment control
PNC's ActivePay® solution allows you to integrate commercial cards as a settlement option within your existing Accounts Payable (AP) process. This can lead to several significant benefits for your company.
For more information on PNC's ActivePay® solution, click here.
INSIGHTS FROM VISA
PNC's Commercial Card division was recently awarded the 2011 Service Quality Performance Award for "highest domestic authorization approval rate" in Visa's commercial card segment. This award is given to issuers who achieve the highest approval rates for authorization requests while controlling risk.
Two proven ways to increase card payments among new and existing vendors:
ACHIEVEMENT IN NUMBERS
PNC seeks to speed the ActivePay enrollment process.
One of the primary goals of the improved ActivePay process is to expedite the vendor enrollment process in a measurable way. In fact, using our new approach with a Higher Education client, it took less than six months to enroll $45 Million in vendor spend out of the original $60 MM in projected spend.
National Economic Outlook
Published early each month, PNC's National Economic Outlook provides analysis and forecasts of key U.S. economic variables, such as real GDP, interest rates, inflation, income, employment, industrial production and house prices.
PNC will be sponsoring, exhibiting and/or speaking at these events:
Please let your PNC Commercial Card Account Manager know if you or anyone from your organization will be attending so we can make arrangements for an in-person meeting.
85Th Annual AAA Western Conference
Date: August 12-15, 2012
Colorado, CO 80906
No part of this publication may be reprinted without written permission. This newsletter provides general information only and should not be relied upon as specific legal, tax or accounting advice or recommendations.
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©2012 The PNC Financial Services Group, Inc. All rights reserved.