Case Study: Bay Colony Community Association achieves 40% supplier payment conversion to virtual cards and $48K in rebate income with Edenred Pay

Property management company converts 40% of supplier payments from check to virtual card, to increase efficiency and earn net new income

Bay Colony Community Association, an upscale 957-unit property in Naples, FL, was issuing 75–100 supplier checks per week and facing lost/damaged mail, rising check fraud, and a time-consuming manual AP process. They partnered with Edenred Pay to deploy an automated accounts-payable platform and virtual card payment program that integrated with their Northstar accounting system.

Edenred Pay implemented the virtual card solution, managed supplier outreach, and guided Bay Colony through initial pay runs to streamline the transition. The program cut in-house check volume, improved real-time visibility and fraud controls, and boosted productivity; Bay Colony now pays about 40% of invoices by virtual card and has earned $48,000 in incremental rebate revenue since the program launched in mid-2016.

Bay Colony

Martha Mazzitelli

Chief Financial Officer