GHXcellence Awards

GHXcellence Awards recognize supply chain leaders that are driving savings and efficiency for their organizations, their trading partners and the healthcare industry through automation and best practices.

Excellence in ePayables - Supplier

This award is presented to the GHX supplier customer that has demonstrated the value of automating invoicing and payment processes.  

Prerequisite

  • Must be a GHX eInvoicing and/or ePay customer

Criteria considered

Note: Nominees are not required to meet all these criteria, nor are they limited to these. This criteria defines the range of accomplishment considered for this award. 

  • Percentage of payments received electronically
  • Percentage of invoices delivered electronically
  • Reduced postage expense due to invoices delivered electronically
  • Reduced Days Sales Outstanding (DSO) due to electronic invoice delivery and/or payment automation
  • Reduce Accounts Receivable staff time on reconciliation, collection and invoice mailing due to electronic invoice delivery and/or payment automation
  • Strategic execution – how ePayables and eInvoicing help achieve organizational objectives

Nominations should include supporting documentation whenever possible.

2019 Winner: Arthrex

2019 - Arthrex
  • Arthrex was accepting credit cards for almost half of its customers, which resulted in significant fees, margin erosion and operational inefficiencies.

  • By embracing GHX ePay as its preferred method of payment, Arthrex has been able to automate its cash application process, establish predictable payment schedules, reduce outbound collection calls and lower its days sales outstanding (DSOs).

  • Arthrex is currently on track to save over $1M in credit card fees over the next 18 months and achieve an 11-day DSO average for payments received from its ePay customers. This cost savings allows Arthrex to reinvest in its business and provide greater customer service to its client base.
2018 - Excellence in ePayables - Supplier (Boston Scientific Corporation)
2018 Winner -
Boston Scientific Corporation
2018 - Excellence in ePayables - Supplier (Medtronic)
2018 Winner -
Medtronic
2017 - Boston Scientific
2017 Winner -
Boston Scientific
2016 - Excellence in ePayables - Supplier
2016 Winner -
Medtronic