Boost Payment Solutions Case Study on Retailer Reporting

This case study details how Boost Payment Solutions implemented its straight-through processing (STP) technology, Boost Intercept, to assist a large home improvement retailer in centralizing its reporting and scaling card spend. The retailer faced challenges with decentralized virtual card processes, which complicated payment tracking and reconciliation across over 4,000 locations. By consolidating payment files into a single inbox and enhancing payment notifications with necessary remittance data, Boost streamlined the virtual card payment process. The automation reduced the need for manual tracking and reconciliation, leading to a more controlled workflow. The case study outlines the significant metrics, including over $500 million in annual card spend and 340,000 transactions, while also highlighting the benefits of improved security and reduced fraud risk. The solution ultimately provided cleaner visibility and reduced reconciliation complexity for the retailer's operations.