Case Study: FlexKeeper halves AR collection time with Alternative Payments

FlexKeeper cuts AR collection time in half with Alternative Payments

FlexKeeper, a full-service financial firm, faced challenges with its billing and collections process run solely through QuickBooks. This led to staff wasting time chasing overdue invoices and the firm absorbing $15,000 annually in credit card fees. They sought a solution from Alternative Payments to gain control and reduce these costs.

By implementing Alternative Payments, FlexKeeper gained the ability to seamlessly pass credit card fees to clients and integrated it with QuickBooks for automatic invoicing. This solution cut their accounts receivable cycle in half, from 30 days to within the first 15 of the month, and reduced credit card processing costs by an estimated $1,000 monthly. The vendor's platform also nearly eliminated manual reconciliation and migrated billing systems with no client disruption.

FlexKeeper