American Express recently commissioned a study among a sample of 200 financial decision makers in Canadian mid-sized businesses. They shared some interesting thoughts and statistics - see what the survey had to say!
Any company that works in healthcare knows how important efficiency is to the bottom line. This is certainly the case with Calea—one of Canada's leading providers of client focused home healthcare products and services. They wondered if the positive results they saw from using American Express for their travel and entertainment expenses could be extended to other payments. Their American Express Representative introduced them to Buyer-Initiated Payments® (BIP) and helped them to see that there was an opportunity to streamline their payment process and get more out of their spend.
“It's a win-win.... For us, it's extending the float [and] giving us the opportunity to have financial incentive, but from the vendor's point of view, they get their payment sooner.”
– Patricia Mueller, CFO, Calea
Click on the "GO" button to hear more about this winning solution for Calea. For more information about BIP or other Supplier Payment solutions, contact your representative or visit our website!
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