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PayStream Advisors delivers unbiased, third-party market trend information, assessments of financial automation technology, and innovative ideas to business leaders in healthcare, consumer billing, finance and treasury, accounts receivable and accounts payable.

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Case Study | Drive Financial


Publication Length: 2 Pages
Publication Date: 4/8/2010
Publisher: PayStream Advisors

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Drive Financial Services, LP (Drive), is a Dallas-based national consumer finance company engaged in the purchase, securitization and servicing of retail installment contracts of more than $1 billion originated by automobile dealers throughout North America. In 2004, Drive instituted a corporate strategy to outsource many non-core business functions — a key component of which was Accounts Payable (AP).

According to Michele Rodgers, Drive’s Controller, “The objective of outsourcing was not so much to cut expenses on the individual outsourced tasks, but to change the focus of the company leaders from cost savings and personnel management to revenue growth and corporate strategy.” For AP, Drive was looking for a company that would provide a good price point and enhanced process monitoring while enabling Drive to maintain control. Processing offshore was not an option.

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