Posts by Andy Charles

Do You Love Printer/copier Leases?

Obviously the answer to the question is an emphatic NO! We work on your behalf with your current vendor to negotiate cost savings on your leases and maintenance agreements. 98% of the time we succeed, and we only get paid for success. No savings = no fee. Also, starting in 2019 companies will need to…

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Healthcare Cost Reduction

A few of our success stats with reducing employer healthcare costs: Over the last 5 years most of our clients have experienced a decrease in overall healthcare expenditures Reduced cost to employees (Contributions & Out-of-Pocket) Option for $0 Out-of-Pocket (No Deductible & No Co-Insurance) 12-25% Savings without switching Broker or Health Plan Provider Benefits increase…

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Healthcare costs on the rise? We can help stop the bleeding.

Less than 30 years ago, family health coverage cost just $200 per month. Now the cost to insure the same family is over $1600 and rising quickly. Costs are up, deductibles are rising, and both employers & employees are suffering. There is no magic solution, but we can help minimize and in some cases even…

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Cost Center to Cost Saver: Using Accounts Payable To Drive Cost Savings

Summer vacation season may still be in full swing, but many of us are already looking ahead to the fall and our end of year financial goals. Did you know your accounts payable – historically a cost center – can actually drive your organization’s cost savings? By shifting from resource-intensive approaches to more efficient, effective…

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How to Evaluate an Electronic Accounts Payable Provider

In the past few years, the industry has exploded with automated electronic accounts payable (EAP) solutions. While it’s good to have options, sometimes sifting through all of those providers can be daunting. How do you know which provider offers the accounts payable solution that’s best for your organization? Where do you start? What questions do…

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5 Ways Virtual Cards Deliver Ultra-Secure Payments

Virtual card payments are now used for more than $90 billion in transactions annually, yet for many potential users and their suppliers, payment fraud is a lingering concern. With good reason: If a company lacks a secure payment platform, payment fraud can be a routine issue in the AP department. In 2016 The Association for…

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Your Best Accounts Payable Team: How to Measure and Reward AP Performance

Performance appraisals. They’re a necessary component of measuring your team’s work, both individually and collectively. And while setting goals and monitoring performance is often stressful for both managers and employees, focusing on a few key areas can help smooth the overall process. For accounts payable team members, it’s important to ensure that their goals are…

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Are Virtual Cards a lot of Work? Yes and No!

Virtual cards for accounts payable offer companies & nonprofits a fantastic way to streamline AP and generate extra revenue from paying suppliers. In the past year our platform helped over 20,000 clients pay over 1 Million suppliers, with paid invoices totaling more than $80 Billion. Along the way those clients reaped the benefits of increased…

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Virtual Cards for Nonprofits? Yes, really!

Are you involved with a nonprofit organization in your community? Nonprofits play a vital role in supporting groups and causes that matter, yet they are often challenged to fund the good work they do. At Central Avenue Advisors one of our passions is helping nonprofit organizations realize financial gain and improved efficiency through virtual card…

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Why we remember on Memorial Day

On Monday, Memorial Day, we remember those who lost their lives while serving in the US armed forces. No one knows for sure how many service members have died on active duty since our nation was formed, but the number likely approaches 2 million. So while you are enjoying a picnic, a beverage or attending…

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