09 Sep Nature’s Path Selects DadePay AR Automation and ePayment Solutions from DadeSystems
Advanced capabilities will help leading North American food company improve cash flow, reduce processing costs, streamline processes.
Miami, FL – September 9, 2015 – DadeSystems, a provider of next generation payment processing solutions, today announced that Nature’s Path Foods has selected the company’s DadePay AR Automation and ePayments solutions to enhance its payment processing strategy. Based in Canada, Nature’s Path is the largest organic breakfast and snack food company in North America and has been a pioneer in the organic food movement for more than 30 years. The company is a leader in the global non-GMO movement and has been voted Canada’s Greenest Employer for four consecutive years.
Nature’s Path will leverage DadePay AR Automation to improve cash application and enhance the efficiency of their overall AR processes by automatically matching payments to open billing/account receivables. DadePay is replacing Nature’s Path’s existing manual processes with advanced, straight through processing for all incoming payments including cash, checks, ACH, wire, and credit cards, as well as files from third party lockbox providers.
Nature’s Path will also implement DadePay ePayments, which will enable the company to offer electronic bill presentment capabilities to its customers. The system sends out alerts via email or text and allows customers to make payments anywhere, anytime using a mobile phone, tablet, or desktop, expediting payments.
“We are excited about implementing these technologically-forward solutions into our payment operations,” said Nature’s Path Credit Manager Cindy Hauer. “We will now have a single, unified system that will enable us to automate how we post payments, regardless of the payment type, its source or its format. This is critical for us because we receive payments through multiple banks and lockbox relationships in both the U.S. and Canada. We will also be able to present invoice information to our customers online so they can make payments directly through our customer portal. DadeSystems is the only provider that has the advanced technology we needed to effectively handle our complex payment requirements and eliminate many tedious layers of manual processes. We have what we call a triple bottomline philosophy: environmental sustainability, social responsibility and financial viability. DadePay will strengthen our ability to deliver on that third pillar,” Hauer said.
“We are pleased to welcome Nature’s Path as a client,” said DadeSystems President and CEO Bill Zayas. They are a very innovative company with a challenging payment environment, so they need an intelligent payment solution that can meet all their specialized needs. We have a strong track record of success in the food industry and our solutions have the advanced, “from scratch” technology necessary to handle today’s sophisticated payments. We welcome the opportunity to partner with such an exciting organization to help them eliminate costly manual processes, significantly improve their cash flow and reduce their DSOs.”
About Nature’s Path
Founded in 1985, Nature’s Path Organic Foods is headquartered in Richmond, British Columbia and employs hundreds of valued team members at its four facilities in Canada and the United States. The privately held, family-owned company produces organic breakfast and snack foods sold in grocery and natural food stores in 40 countries around the world. The company’s innovative brands include Nature’s Path®, Love Crunch®, Qi’a®, Que Pasa®, Flax Plus®, and EnviroKidz®. For the latest news and updates visit Nature’s Path online at www.naturespath.com, www.facebook.com/naturespath, or follow us on twitter: @NaturesPath.
DadeSystems provides advanced payment processing solutions to financial institutions, wholesalers, distributors, property managers, healthcare providers, insurance companies and other organizations with complex payment system environments.
The company’s flagship offering, DadePay, is an integrated suite of payment processing solutions that leverages next-generation technology to accelerate payment processing speed, increase operational efficiency, eliminate unnecessary fees and dramatically improve cash collection. Supported by its team of industry professionals, DadeSystems delivers the technology and expertise organizations need to successfully navigate today’s complex payment systems environment and ultimately, improve their bottom line. For more information, visit: www.DadeSystems.com.
direct: (407) 810-1618