Capture Vendor Discounts and Improve Payment Processing With ACH and P-Cards

When St. Luke’s University Health Network (Bethlehem, PA) experienced rapid growth, the AP department needed to implement some new strategies to increase efficiency.“Weekly check runs were labor intensive, and our postage and check-printing costs were rising,” says Pam Buda, accounts payable manager. “We were also seeing an increase in lost checks. This required intervention to ensure that stop payments were placed on the checks. Then, when the payments were reissued, it resulted in additional…