Orlando, Fla.-based Viewpost, a business to business electronic invoicing, payments and cash management network, and Florida Hospital in Orlando expanded their relationship to optimize bill payments and reduce costs.
Here are three things to know.
1. Viewpost will work with Medius, a provider of cloud-based AP invoice automation solutions, to provide combined services to Florida Hospital, marking the first time Viewpost has pursued this kind of partnership.
2. Florida Hospital is a long-time customer of Viewpost. The combination of Medius' services is expected to reduce invoice processing time and increase savings.
3. "The medical industry has been leading the migration to electronic patient records, so it's a natural step for us to do the same with electronic business transactions," said Esmond Chan, director of accounting at Florida Hospital. "With over 10,000 suppliers from across the country, Florida Hospital is using Viewpost to streamline payables, lower operating costs and collaborate with our suppliers to provide more than $5 million in working capital financing."