Case Study: Associated Asset Management achieves major cost savings, faster payables, and new revenue with Edenred Pay

Associated Asset Management cuts payment late fees, creates a more efficient workflow, and earns a new revenue source

Associated Asset Management (AAM), a professional community association management firm, was struggling with a paper-based accounts payable process—13 AP coordinators, two-to-three week vendor payments, and $250–$500 per month in late fees. After an attempted in-house card program proved too resource-intensive, AAM partnered with Edenred Pay to implement a vendor payment automation and virtual card solution.

Edenred Pay integrated with AAM’s Village Management Software, enabling auto-reconciliation, data syncs, duplicate detection, and an active vendor enrollment program. The results: virtual card conversion of 20–30%, payables processing time cut in half, payments sent in days instead of weeks, late fees reduced to under $50 per year, staff redeployed to higher-value tasks, and a meaningful new revenue stream for AAM.

Associated Asset Management

Matt Murphy

Vice President of Financial Management