Accounts Payable ~ Class Action Settlements
Transform your Accounts Payable department into an additional revenue channel. Improve efficiency and security of paying your vendors with no additional cost or change in your accounting software. Also recover money spent earlier running the business.
We track open class action settlement cases and notify you when we believe you may be eligible to participate in these settlements. We can act on your behalf to ensure all of your eligible business units (subsidiaries, divisions, acquisitions and divestitures) are included to maximize your recovery.
Many organizations pay their vendors with paper checks or ACH transfers. Checks are inefficient, costly and not secure. And 70% or more of vendor payments are still processed via check. ACH payments cost less and are more secure but limited in data exchange. Plus neither of these payment methods generate revenue.
Our Virtual Payment technology is significantly more efficient and faster than checks or ACH and generates substantial revenue just from paying your vendors. Our solution:
- Works with your existing accounting system at no additional cost
- Is highly secure
- Saves time and money and most importantly
- Pays you for each transaction
You have to pay your suppliers anyway so why not generate revenue from doing so? Every $10 million in virtual payments could add up to $135,000 in additional revenue to your bottom line.
One of our biggest service additions has become one of the best ways to help your business obtain your fair share of antitrust class action recoveries. We provide specialized class action settlement claims consulting services that includes:
- Notification of settlements in which you may be eligible
- Research to assure that all appropriate parts of your operation are included in the claim process
- Advice on what, if any, documents need to be collected
When documents are required and not available or are too burdensome to collect, we develop alternate means to satisfy documentation requirements: preparing, assembling, submitting claims packages and managing them on your behalf throughout the administration process. Our team tracks many different class actions. Currently there are over twenty which total over $8 billion in potential recoveries.