Case Study: Anda (medical distributor) achieves $110,000 in annual savings and 67% more electronic transactions with Billtrust BPN

Medical distributor saves through BPN

Anda, a pharmaceutical distributor serving pharmacies, hospitals and other care providers, struggled with one-time credit card payments: hundreds of emailed payments required manual keying, consuming 20% of the accounts receivable team’s time and forcing the company to turn away customers. To address this, Anda turned to Billtrust and its BPN solution to automate card acceptance and cash application.

Billtrust implemented BPN quickly, and Anda saw immediate results: $1.3M applied in the first month across 360 transactions, a 67% increase in electronic card transactions (about 3,000 automated in six months versus 3,600 the prior year), $110,000 in annual savings, and a drop in card processing rates from 2.9% to 2.1%. Billtrust’s rollout streamlined cash application and improved customer experience.

Anda

Ryan Millan

Associate Director of Financial Operations