Nvoicepay: Customer | Refinery29
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Refinery29

Refinery29 is the leading media company focused on women. It boasts a global audience footprint of over 249 million. Refinery29 has received numerous accolades including being listed on Crain’s Fast 50, Fast Company’s Most Innovative Media Companies, and Inc.’s fastest growing media companies in America.

Industry: Media

ERP: NetSuite

Employees: 300

Revenue: $100M

Website: https://www.refinery29.com/

I'm a big list keeper, I'm into pros and cons. And Nvoicepay by far surpassed the pros when compared to our bank.

Akriti Arya-Cohen, Director of FP&A

Challenges

  • Restrained by their bank’s antiquated system, which had no visibility into payment history
  • Previous provider only handled electronic payments portion, leaving Refinery29 on the hook for check payments
  • Increased vendor-boarding responsibilities created excess manual work for the AP team

Results

time savings

Managing a 30% workload increase without adding FTEs

cost savings

Contributing $790,000 annually to the bottom line from AP cost savings and card-based rebates

increased visability

Reducing unclaimed property & returned payments to 1% after 60 days, with no follow up required by the MGM staff

Hear from Refinery29

Akriti Cohen, Director of FP&A, and Nicole Paige, AP Manager, explain why they chose Nvoicepay for Refinery29’s supplier payments.

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