Case Study

Anda: Medical distributor saves through Virtual Card Capture

Anda: Medical distributor saves through Virtual Card Capture

Pages 2 Pages

$110,000 Annual savings IMPROVED Customer experience 2.9% TO 2.1% Card processing rate drop 67% INCREASE in transactions in 6 months THE CHALLENGE Anda is a distributor of pharmaceutical products, ranging from generic, brand, specialty and over-the-counter. Shipments of their products from nearly 400 different manufacturers are sent to a range of independent and chain pharmacies, nursing homes, mail-order pharmacies, hospitals, clinics and physician offices. Many of Anda’s customers utilize one-time virtual credit cards to pay their invoices. While convenient for customers, the manual process of sorting through hundreds of emails and manually keying that data was costing their accounts receivable (A/R) team excessive amounts of time. Virtual card payments represented less

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