Monthly Archives: June 2012

Direct Insite Lands $2 Million eInvoicing Client

The company signs a large contract to provide eInvoicing platform to American multinational confectionery, food and beverage conglomerate.

Direct Insite Corp. (OTC BB: DIRI), a provider of cloud-based e-invoicing solutions for Accounts Payable, Accounts Receivable, and Payments Automation, announced that it has signed a major customer contract for an American multinational confectionery, food and beverage conglomerate. The three-year deal is valued at approximately $2 million USD. Continue reading

ReadSoft Lands Big Contract

Global chemical manufacturing company automates invoice process through 400,000 USD agreement with ReadSoft.

This world-leading manufacturing company receives service invoices, physical material invoices and freight invoices primarily in paper format at decentralized manufacturing plants, jumpstarting a repetitive manual invoice process. Paper invoices are scanned upon receipt, routed for approval and mailed to a centralized AP processing center where the invoices were scanned a second time and entered into SAP.  Continue reading

ReadSoft Announces Partner Awards

All Star Systems is named “Partner of the Year,” and ACOM Solutions, Inc. is given “Rising Star” award as commendations of unmatched loyalty and continued innovation.

Partner award recipients were nominated and selected from ReadSoft’s impressive pool of North American partners and judged by a panel of industry personnel who reviewed the solutions, return on investment delivered, and customer confidence expressed by each of the candidates. Continue reading

ADP Awarded Contract by HP

Enterprise-wide Implementation to Consolidate and Standardize Payroll Practices, Processes and Procedures across 40 Countries

ADP®, a provider of payroll services, and time and labor management solutions, today announced that it has been awarded a contract by HP to deliver a global payroll and time and labor management system for internal use by HP employees across 40 countries. Continue reading

PayStream Releases Healthcare ePayables Report

In an effort to maximize cash flow and maintain profitability, healthcare organizations are slowly transforming the way they do business.  The goal of every healthcare provider is to optimize limited IT and accounting resources, lower costs and increase productivity, without compromising the quality of patient care. Continue reading

Emdeon Payment Network: A step in the right direction

It is a widely known fact that healthcare providers are behind most industries in the management and automation of back-end processes. They have the longest way to go in improving the effectiveness of their payment practices.

Emdeon Payment Network which was launched on June 21st provides a comprehensive suite of electronic and print payment infrastructure that supports both electronic and paper based payments management.

By offering a variety of print and electronic payment channels including virtual card, Automated Clearing House (ACH) direct deposit and Image Cash Letter (ICL) payment capabilities, Emdeon Payment Network does not force the Healthcare Providers to accept electronic payments which greatly reduce the barrier to adoption. However, the analytical engine embedded into the Payment Network identifies and suggests a suitable electronic payment method which nudges the hospitals to move away from paper to a more economical electronic payment platform.

You might also be interested in reading:

Healthcare ePayables Report: Turning AP into a Paper Free Environment

Italian payment practices: Unhealthy delays

Lexmark Awarded 5-Year, $21 Million Printing Contract From FAA

Company offers more than just paper and ink with innovative mobile device software and security solutions.

Lexmark International, Inc. (NYSE: LXK) has been awarded a five-year (one base year and four one-year options) contract valued at $21 million that will make it the sole provider of printing technology for the Federal Aviation Administration (FAA). Continue reading

Taking the Pain Out of Collection Claim Processing Part III

Art Hernandez
vice president, product management, receivables
SunGard’s AvantGard business unit

In Part I of my Taking the Pain Out of Collection Claim Processing series, I described the importance of maximizing recoveries.  In Part II I describe how you can use collection agencies as a strategic resource to help you maximize recoveries. In Part III I will describe the challenges that occur in the traditional claims process. Continue reading

Emdeon Launches Emdeon Payment Network

Solution Suite designed to transform how provider payments are delivered, and help payers cut costs.

Emdeon Inc., a provider of healthcare revenue and payment cycle management and clinical information exchange solutions, announced the launch of the Emdeon Payment Network™, a comprehensive suite of services that combines electronic and print payment infrastructures with an intelligent analytical engine to leverage the payer’s chosen distribution channels for healthcare payment transactions. Continue reading