PaymentWorks
Higher Education Institutions Rely on PaymentWorks to Digitize Critical Supplier Payment Functions and Guard Against Fraud
Summary
This case study details how higher education institutions use the PaymentWorks Business Identity Platform to automate vendor onboarding, reduce fraud risk, and streamline payment processes, especially...
Value Drivers
Challenges
- Manual, paper-based processes for vendor verification and payment are inefficient and error-prone.
- Lack of real-time visibility into operations
- Difficulty in scaling current infrastructure
- High operational costs due to legacy systems
3 more challenges available
Solutions
- Implementation of PaymentWorks Business Identity Platform for automated, digital payee and vendor onboarding.
- Deployed real-time monitoring and analytics platform
- Migrated to cloud-based scalable infrastructure
2 more solutions available
Outcomes
- Nearly 70% increase in PaymentWorks higher education customer base over the past year.
- Achieved 24/7 real-time visibility and monitoring
- Successfully scaled operations to support 3x growth
- Decreased operational costs by 40% annually
- Improved data accuracy and accessibility by 85%
4 more outcomes available
Products
Software
PaymentWorks Business Identity Platform
A software platform that automates payee identity processes and vendor onboarding while protecting organizations from business payments fraud.
Target Organization
Johns Hopkins University and Medical Center
Description: A leading research university and healthcare provider, working with thousands of vendors and payees annually.
Industry:Higher Education, Healthcare