Download the Presentation - Silicon Valley Bank

Implantable Provider Group: The Challenge
In order to ensure timely payments to its suppliers under the current
setup, IPG needs to make a large number of payments to a variety of
different vendors.
The company’s existing vendor set-up process for each payee is
cumbersome and inefficient. IPG would prefer a payment tool that is
both secure and more efficient as well as electronic.
The company would like to increase payments on cards, leading to
fewer check payments, reduced paper processing, improved working
capital and increased visibility into expenditures.
IPG has two major concerns about increasing its current purchasing card program:
1. Compliance/Fraud – IPG requires several approvals before releasing payments.
2. Lack of necessary data – Credit card data is missing certain key fields including
PO numbers and General Ledger information.
21