
Case Study: PGR Media
globalVCard paysystems delivers $845,000 in annual savings to media company
Background
Like many companies, PGR Media had been relying heavily on paper check payments. Controller Margaret Beatty grew increasingly frustrated by the high costs, inefficient manual labor, and the lack of flexibility in the process. “My position requires mobility – I’m not sitting at the office every day,” said Beatty.
The Solution
The first step was to review PGR’s existing vendors and estimate how many would actually accept globalVCard payments. “The acceptance rate was high. A good portion of our vendors were already accepting card payments so converting them to globalVCard virtual payments was easy.”
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“We’re able to pay our vendors faster, reconcile accounts quicker and close out the month easier.”