Goodway Group Payment Automation Case Study

This case study details the implementation of Edenred Pay's Payment Automation Platform by Goodway Group, a digital media provider. The document outlines the challenges faced by Goodway Group in managing payments, particularly with a workforce spread across multiple states and a reliance on outdated payment methods like paper checks. The case study explains how the integration of Edenred Pay's platform, which includes various payment options such as virtual cards and ACH, addressed these challenges. It highlights the significant time savings achieved, with the payment processing time reduced from 15-20% of an employee's weekly hours to less than an hour. Additionally, it discusses cost savings from reduced bank fees and increased revenue from virtual card rebates. The case study also notes the improvement in electronic payment adoption, rising from under 10% to 70%. The overall impact of the solution on Goodway Group's accounts payable processes is documented, showcasing the enhanced efficiency and communication with vendors.