Integrated VAI ERP and Comdata Payment Processing Solution Eliminates Manual Paper Checks by 75% for Nation’s Top Industrial Distributor
Ronkonkoma, N.Y. – March 23, 2015 – VAI, a leading ERP software provider, and Comdata, an integrated financial solutions company that powers payment platforms, today announced that Martin, Inc., one of the nation’s leading providers of custom tailored solutions for maintenance, repair, and operation supplies (MRO) to construction markets, is successfully using the companies’ integrated ERP payment processes solution to improve productivity for processing electronic payments and generate new revenue streams.
With multiple divisions in place, Martin sought a single ERP system to gain both operating and administrative efficiencies. As the company looked to streamline business processes in the accounts payable area and migrate away from checks to more cost-effective electronic settlements, it was introduced to Comdata, a company specializing in integrated payables.
After a thorough evaluation of Martin’s payment process, Comdata introduced them to the value of leveraging an integrated Virtual MasterCard (single-use account number) with e-mail remittance to the supplier as the preferred settlement method. The Martin FastPay program serves as a way of turning accounts payable into a revenue generator. The project required an integrated ERP and payment processing solution that would enable Martin to seamlessly issue and reconcile all payments.
To address these needs, Martin deployed VAI’s S2K V-Payment solution. Comdata’s automated and bank-neutral payment platform seamlessly integrates with VAI’s S2K V-Payment Solution to automate the transfer of payment data from the ERP system to Comdata. By enabling automatic payment reconciliation and eliminating the inefficiency of manual check processing, Martin can pay suppliers and capture customer payments quickly and securely.
“Any interruption in business operations costs time and money, so we needed an ERP solution that could easily and seamlessly integrate with our payment solution,” Gordon Ruggles, CFO, Martin, Inc. “VAI provided exactly what we wanted, and the ongoing data transfer between the integrated S2K V-Payment solution is helping drive Martin’s electronic payment initiative by allowing for a fully automated payment delivery tool.”
The solution has already eliminated manual paper checks by 75 percent. Martin continues to collaborate with Comdata for vendor enablement services for new suppliers being added during the year.
“By integrating ERP systems with automated solutions like our payment platform, organizations increase the convenience and security needed in electronic payment processes,” said Bob Sneed, senior vice president of corporate payments at Comdata. “We’re thrilled that our partnership with VAI is paying off for Martin by providing them with the automation and productivity required to run a successful business.”
“One of the most important factors in an ERP solution is its ability to work well with other solutions,” said Bob Vormittag, Jr., project director, VAI. “We designed our ERP S2K software specifically to work seamlessly with customers’ existing and future technologies. We are delighted that Martin is taking advantage of S2K’s successfully integration with Comdata for additional savings and improved efficiency.”
Comdata is a leading business-to-business provider of innovative electronic payment solutions. As an issuer and a processor, Comdata provides fleet and corporate payment solutions to over 20,000 customers. In 2013, Comdata managed over 625 million cards and processed over 1.4 billion transactions from over 48 countries and in 37 currencies. Founded in 1969 and headquartered in Brentwood, Tennessee with approximately 1,300 employees globally, Comdata enables over $54 billion in payment volume annually. For more information about Comdata solutions, call 1-800-266-3282 or visit www.comdata.com.
About VAI (Vormittag Associates, Inc.)
VAI is a leading independent mid-market ERP software developer renowned for its flexible solutions and ability to automate critical business functions for the distribution, manufacturing, specialty retail and service sectors. An IBM Premier Business Partner, VAI is the 2012 IBM Beacon Award Winner for Outstanding Solutions for Midsize Businesses. VAI continues to innovate with new solutions that leverage analytics, business intelligence, mobility and cloud technology to help customers make more informed business decisions in real-time and empower their mobile workforces. VAI is headquartered in Ronkonkoma, NY with branch offices in Florida, Illinois and California. For more information, visit www.vai.net, follow @VAISoftware on Twitter or “like us” on facebook.com/VAISoftware.
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