ORLANDO, Florida–(BUSINESS WIRE)–Viewpost, the defended B2B arrangement for cyberbanking invoicing, payments and banknote management, today appear that the Orlando Magic able basketball alignment is application the defended Viewpost business arrangement to accomplish affairs with its citizenry of suppliers and accumulated customers. Through Viewpost, the Magic sends cyberbanking invoices to accumulated customers, collects cyberbanking payments, receives invoices from its suppliers and sends payments with abounding remittance data. Their accumulated amount of online invoices and payments exchanged over the arrangement exceeds $54 million.
Recently, the Magic’s accounts payable aggregation adopted Viewpost Express® aboriginal acquittal discounting, a affection that allows the Orlando Magic to optimize balance clamminess by alms acquittal on appeal to suppliers in charge of added alive capital.
The Orlando Magic has automated its procure-to-pay and bill-to-cash processes by leveraging all of the primary capabilities on the Viewpost network, including announcement and collection, balance cancellation and payment, and now activating discounting. Managing the circadian business of active a able sports authorization is arduous enough, and Viewpost believes that announcement and accumulating shouldn’t be. For the Orlando Magic, the accomplishment to abridge these operational processes has taken a behemothic bound advanced with Viewpost.
Viewpost and Orlando Magic History and Success
By affective to Viewpost, the Orlando Magic and its accumulated barter and suppliers accept adored cogent time and accomplishment through bigger abundance and collaboration. Additionally, by enabling suppliers to access acquittal on demand, the Orlando Magic has created a win-win for its Treasury team, the alignment and its supplier population.
“Viewpost is like Facebook for B2B payments. It gives trading ally the adeptness to affix and accretion actual afterimage into announcement and payments data,” said Jeff Bissey, Vice President of Finance for the Orlando Magic. “On their defended network, we’re aing online with our suppliers and accumulated barter to accumulate our processes and optimize banknote performance. My accounting aggregation loves Viewpost because it has freed them up to assignment on added key initiatives.”
In 2015, Viewpost aboriginal appear that the Orlando Magic had aing the arrangement for its online invoicing product. Back then, the Magic has called to booty abounding advantage of the Viewpost artefact suite. The affiliation serves as an archetype for able sports organizations and for any business gluttonous to alleviate opportunities to annihilate transactional abrasion and advance trading accomplice relationships.
The Orlando Magic uses Viewpost to accelerate online invoices to its accumulated customers. In a little over a year, the alignment has presented invoices account tens of millions of dollars to added than 100 of its key accumulated customers, including Pepsi, Amway, Fox Sports, JPMorgan Chase, Walt Disney, Florida Hospital and Anheuser-Busch Company.
By sending cyberbanking invoices through Viewpost, the Orlando Magic can clue the cachet of its invoices at any time to bigger see back invoices accept been received, reviewed, accustomed and appointed for payment. The Orlando Magic additionally utilizes Viewpost as its arrangement of almanac for these invoices and payments.
Adding Viewpost Express
From an cyberbanking acquittal and remittance perspective, aggregation expenditures accommodate a advanced ambit of suppliers, from uniforms and biking to IT and logistics. Recently, the Orlando Magic’s accounts payable aggregation enabled Viewpost Express aboriginal acquittal discounting to aerate certain allotment for banknote on hand.
Application Viewpost Express, the alignment sets customized activating discounting rules to action aboriginal payments to its suppliers. The beforehand the payment, the college the abatement becoming by the Orlando Magic. The alignment has apparent allotment as aerial as 36 percent back activating activating discounting. With Viewpost, the alignment has the adaptability to accelerate payments to its suppliers via cyberbanking payment, acclaim agenda or cardboard check. Suppliers affiliated to the Orlando Magic on Viewpost accommodate Residence Inn by Marriott, Russell Brands and North American Van Lines.
“As is the case with any business, able sports teams attending for means to advance efficiency, cut costs and capitalize on opportunities to acquire greater returns,” said Max Eliscu, CEO of Viewpost. “We’re appreciative of our activating discounting capabilities, breadth accouterment certain alive basic to suppliers enables the Orlando Magic to acquire above-average returns.”
Viewpost North America is revolutionizing the way businesses transact with anniversary other. Viewpost congenital the best trusted accessible business arrangement to empower businesses of all sizes with real-time banknote administration for anytime operating decisions. On the defended Viewpost network, companies affix and barter cyberbanking invoices and payments with aberrant affluence and visibility, accessing alive basic on demand. Enterprise audience application Viewpost to cut costs, access ability and advance banknote administration include Accenture, Florida Hospital Medical Center, Georgetown University, the Orlando Magic and Whole Foods Market. With enterprise-grade security, including ISO 27001 and SSAE16 audited certifications and the TRUSTe Privacy Seal, Viewpost is partnering with banking institutions to accompany banknote administration accoutrement to business barter at U.S. Bank, Bank of America and Fifth Third Bank. Viewpost addition has been awarded Best in Show by Barlow Research, Best CISO/CSO by FireEye Cyber Defense Summit, CSO50 Award (three-time honoree) by IDG’s CSO, and Best B2B Payments Platform by Tradestreaming. Back Viewpost was opened to the accessible in aboriginal 2015, the absolute invoices presented and payments candy has accomplished $71.4 billion beyond the network. Founded in 2011, Viewpost is headquartered in the Orlando area, with added teams in Boston, Minneapolis and San Francisco.
Learn added at www.Viewpost.com, Viewpost.com/blog and @Viewpost.
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