GHX ePay Delivers Big Savings for Large Medical Device Manufacturer
December 1, 2020
Working Capital Optimization
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.