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CASE STUDY

Dane Street Optimizes Payment Efficiency with Boost Payment Solutions

AT A GLANCE

Challenges

Manual process
High interchange fees
Limited scalability

Benefits

End-to-end automation
Cost savings
Faster funds availability

PROBLEM STATEMENT

Dane Street faced challenges in manually handling virtual card payments. The manual data entry process was time-consuming, hindering the team's ability to focus on core business activities. Payments were being submitted using a variety of traditional methods, including U.S. mail, fax, scans, and email. The lack of automation resulted in increased workload and limited scalability as the transaction volume grew. Additionally, Dane Street was paying interchange fees that were substantially higher than that for which their transactions should have qualified, resulting in overall higher costs.

SOLUTIONS

Boost conducted a comprehensive analysis and proposed solutions focused on Dane Street’s need for streamlined automation and cost reduction. Central to the solution for both parties was Boost’s introduction of its proprietary straight through processed (STP) and HIPAA certified payment technology, Boost Intercept®, which eliminates any human intervention from both payment or reconciliation processes, resulting in faster funds availability, reduced manual work, and improved data accuracy.

BENEFITS

Operational efficiency
Automation of data entry and streamlined processes reduced manual workload, allowing team members to focus on core business activities, driving growth and innovation.

Optimized cost of acceptance
Boost helped Dane Street save money by eliminating the back-office costs associated with manual processing and reconciliation, while also qualifying all transactions at the most favorable commercial interchange rates.

Change management support
Boost worked directly with Dane Street’s payer/insurers to ensure their payments were sent directly to Boost, bypassing the complexities of healthcare payment systems and outdated methods like fax and mail.

Faster payments
Next-day funds availability improved cash flow management and operational agility.

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Valentene ZunnoFinancial Director, Dane Street
"Integration with Boost was seamless and efficient, with next-day funds availability and clean remittance reports telling us exactly what was paid and how it was paid in a much quicker, streamlined process.”
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Robbie ZalzneckMarketing and Special Events, Dane Street
“Boost's attention to detail and accuracy in payment processing has positively impacted our
overall efficiency. Our partnership with Boost has allowed us to scale our payment operations
without compromising on accuracy or speed."

About Boost

Boost Payment Solutions is the global leader in B2B payments with a technology platform that seamlessly serves the needs of today’s commercial trading partners. Our proprietary technology solutions bridge the needs of buyers and suppliers around the world, eliminating friction and delivering process efficiency, payment security, data insights and revenue optimization. Boost was founded in 2009 and operates in 45+ countries.
  www.BoostB2B.com

  @BoostB2B

  @Boost Payment Solutions

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