Program Details
Generate much-needed, extra revenue for your Ohio School District simply by paying your bills!
CPS Payment Services, Inc., in partnership with Organizational Results, LLC, is proud to offer this unique Program to Ohio Public School Districts. This solution utilizes proprietary software that automates your A/P process from payment to reconciliation by enabling your company to pay expenses with a single-use virtual MasterCard. Implemented for free and integrated with your financial systems, the payment solution generates a cash return on your total monthly spend – just by paying your bills.
- Increased value to the A/P organization by earning rebates
- Submit consolidated remittances for your suppliers electronically
- Leverage existing vendor pay cycle (terms)
- Secure payments through one time use feature (exact payment amount)
- Reduced AP costs
- Reduce financial risk and enhance financial controls
Transform Your Ohio School District’s A/P Cost Center
into a Profit Center with
Expense Reduction and a
Monthly Cash Rebate
1.5% Monthly Cash Rebate
On all previous month’s non-labor spend
pushed through the Program. No annual fees,
no spending caps, no usage tiers.
Integrates with ASUS & EDGE
And all other major ERP systems. Searches, holds, previews, consolidates, and reconciles all payments via one easy-to-use interface
No Cost to the School District
No set-up investment. No maintenance costs. No cancellation fees. Eliminates check writing costs, postage, printing and labor while reducing check fraud and fees.
6 Easy Steps
Our Payment Solution requests the card number, generates a custom remit, sends payment by fax or e-mail, automates reconciliation, and enables users to hold payments, search payments and generate reports.
Submit
Payment
Payment batches can be imported quickly through a payment file integration or a direct database link.
Card Number Created
A one-time use virtual credit card and electronic remittance for each payment is generated for delivery to the vendor.
Process
Payment
We deliver an electronic remittance including invoice & payment level data in the preferred format of your vendor.
Transaction Files Returned
The CPS Payment Portal pulls real-time transaction status of authorizations and cleared payments.
Payment Reconciled
Reconciled payments can be delivered back into your School District’s source/
ERP System.
Immediate
1.5% Rebate
Receive monthly rebate checks based on all previous month’s non-labor spend pushed through the Program.
Implementation & Setup
Start receiving rebate checks as quickly as NEXT MONTH!
Your virtual credit card program can be up and running in as little as 7–15 days without eating up a bunch of your team’s time and resources.
Speed Matters. Every check payment that goes out the door is a lost opportunity for rebate revenue and cost savings. A dedicated project manager will lead our in-house team of implementation specialists to integrate our system to your accounting software.
Vendor Enrollment
We offer the industry’s most advanced vendor enrollment approach—which means less effort for you with more benefits, including:
- Automated payment type determinations.
- In-house team of full-time specialists who understand the needs of your vendors
- Substantial vendor network with 46% growth over the last two years
- Multiple advanced enrollment techniques to maximize electronic payments.