Case Study: American Mortgage Service Co. achieves 500+ hours saved and streamlined AP operations with Paymerang

Paymerang streamlines mortgage company's AP department

American Mortgage Service Company, a multistate lender with more than 40 locations and nearly $1 billion in annual lending, faced a burdensome accounts payable process that required staff to cut, stuff and mail checks daily. Seeking a fully outsourced electronic payments solution that fit their existing workflows, they selected Paymerang’s finance automation services to eliminate manual check production and streamline AP operations.

Paymerang implemented a complete outsourced electronic payment and AP automation solution that removed the day-to-day check processing and follow-up from American Mortgage’s team while delivering competitive rebates. The change saved 500+ hours annually, sped vendor payments, generated increased revenue from quarterly rebates, cut postage/envelope/check-stock costs, improved remote work capability, and freed AP staff to better serve customers.

American Mortgage Service Company

Philip Go

Chief Financial Officer