Case Study: Luxury Resort Developing Company achieves over $1.14M in annual savings with Edenred Pay

Ease of use enables luxury resort developer to self-manage CSI Paysystems - and drive over $1MM in annual savings

Luxury Resort Developing Company had reverted to paying vendors by check after an earlier bank card program proved unsatisfactory and wanted to cut costs while regaining the speed and convenience of card payments. To address this, the company adopted Edenred Pay’s virtual card payment solution to streamline AP, speed vendor payments, and reduce the overhead of paper checks.

Using Edenred Pay’s virtual card program and self-managing vendor enrollment with one dedicated employee, the company achieved nearly 60% vendor enrollment, captured $62,724,264 in virtual card spend, generated $802,358 in rebate revenue, and saved $339,920 by eliminating checks—totaling more than $1,142,000 in annual savings. Edenred Pay’s solution enabled faster vendor payments and predictable rebates that more than covered staffing costs and effectively turned AP into a profit center.