Case Study: UNC Asheville turns accounts payable into a revenue stream with PaymentWorks EarlyPay

UNC Asheville turns AP into a revenue stream with PaymentWorks, reaching 30% supplier adoption and $2M+ in advances

UNC Asheville, a public university with a large volume of supplier payments, faced a transactional and manual accounts payable process. Their challenge was to move beyond simply processing payments and transform their AP function into a more strategic operation. To modernize this, they partnered with vendor PaymentWorks to implement an automated ACH payment system.

The solution implemented by PaymentWorks was their EarlyPay program. This optional, supplier-funded program allows vendors to choose accelerated payment in exchange for a small discount, generating a risk-free commission for the university. The results were significant, with 30% of their supplier base enrolling and nearly $2 million in advance volume processed within the first year, turning their AP department into a new revenue stream.

UNC Asheville