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Supplier / AR Automation
Rx for Savings: Faster Cash Flows Lead to Healthy Margins
Seeking ways to protect your margins and trim unnecessary expenses? Take a look at accounts receivable, it’s a prime area for saving time and money.
CASE STUDY: The Total Economic Impact of the GHX Platform
Cost savings and business benefits enabled by the GHX platform for a healthcare provider and a healthcare manufacturer based on the Forrester Total Economic Impact model.
Automation is Key to Improved Financial Position for Healthcare Suppliers
Based on a survey of 100 senior finance decision makers working for healthcare suppliers in North America. The survey shows the importance of automation in accounts receivable performance and support for working capital management.
Driving Performance Through Automation
Forward-thinking professionals are embarking on a strategy to improve receivables with greater end-to-end visibility and accelerated cycle times. Driving Performance Through Automation, a report based on an Institutional Investor Research survey of 100 finance executives, explores the growing financial pressure on healthcare suppliers to improve cash and working capital.
The Forrester Total Economic Impact of the GHX Platform for a Manufacturer
Key manufacturer metrics from the Forrester Consulting Total Economic Impact™ (TEI) study of the GHX Platform are highlighted in this infographic.
Invoice and Payment Solution - Drive invoice efficiency and faster payment
The more quickly invoices are delivered and customer inquiries are resolved the faster you get paid. GHX's invoice and payment solution answers the order-to-cash challenges providing choice and greater control for suppliers.
ePay for suppliers
The existing ways to get paid are limited and force a trade-off between speed and efficiency versus cost. ePay uniquely addresses your payment goals: reduce payment fees and DSO, gain visibility into cash position, and improve customer relationships.
What is the true cost of getting paid?
GHX and Harte Hanks partnered to create this discovery into the true cost for suppliers to get paid today. The paper explores accounts receivable cost improvements and the opportunity cost of DSO and quantifying the time value of money.
The Total Economic Impact™ of the GHX Platform for a Manufacturer
Using results from a Total Economic Impact™ (TEI) study, Forrester Consulting reports findings after examining the potential return on investment a healthcare supplier may realize by deploying the GHX Exchange, and related products and services, to automate the order-to-cash cycle. Read the final Forrester report here.
E-payments Surprises With Big Savings for a Large Medical Device Manufacturer
Upon discovering that credit card fees from customer payments were one of the largest selling general and administrative (SG&A) costs, a large medical device manufacturer embarked on a program to address this area of significant margin erosion, implementing GHX ePay. The first year resulted in cost avoidance and hard dollar savings over $20M from reduced credit card fees and DSO stability.
How Automating Your Receivables Process Can Maximize Savings
GHX joins CryoLife for this webinar to discuss how ePay helped streamline the accounts receivable process, reduced card fees by 94% in the first year and improved DSO to an average of 12 days.
Putting the Cash in “Order to Cash”
GHX joins with Medtronic in this timely webinar to reveal new opportunities for driving efficiency into payment processing. With a single processing channel suppliers can offer multiple payment options to customers, find ways to reduce fees and introduce automation into payment processing for greater efficiency.
Easy To Do Business With: Invoice Automation
Learn how to drive paperless invoicing success through planning, customer segmentation, subject matter expertise, an outreach strategy and support from internal stakeholders.
Overcoming Invoice Delivery Challenges
There are significant challenges with invoice delivery in healthcare. GHX can help you overcome these challenges and reduce costs at the same time.
Touchless Orders and eInvoicing Helps Stryker to Serve Customers at Highest Level
Sumur Underhill, Customer Service team lead at Stryker, shares how Stryker underwent a channel consolidation project with GHX for touchless transactions. Through automation, resources formally dedicated to labor-intensive data entry and invoice processing, can now be reallocated to one of Stryker’s highest priorities — servicing customers at the highest level possible.
Buying Time in the Cash Cycle – Payables Automation with ePay
Timing in the cash cycle is critical to suppliers and providers in healthcare. Which is why getting alignment with your customers on a new payment platform requires a well thought out strategy, even when there are clear benefits. Hear about our e-payables journey - what was easier than expected, our approach to escalate participation, results so far and projections for the next phase.