Enrollment required and fees may apply (including an auto-renewing monthly platform access fee). Suppliers must be enrolled and located in the United States. Please contact your American Express® Specialist to learn more.
Pictured: Jim Vaca (Founder, President & CEO), Chicago IL
Real American Express® customers who were aware that their testimonial may be featured by American Express.
Source Alliance Network (SAN) is a third-party logistics provider. Their proprietary technology, onesource, consolidates vast amounts of industry data so clients can make better business decisions to more efficiently move goods from point A to point B.
SAN had ambitious growth plans but realized their supplier payment process was dragging down their ability to scale the business. They were handling roughly 1,500 unique invoices weekly, the bulk of which were paid by check. Manually processing those payments was time-consuming, prone to error and not sustainable – especially if they wanted to keep growing.
Streamlining and automating accounts payable
SAN made the strategic decision to implement American Express One AP® - a single solution to streamline accounts payable processes on one platform - from the efficiencies of supplier invoice payment automation to the increased control of Virtual Cards On-Demand. With American Express One AP®, the payment process that used to take SAN a full day now takes just an hour. In One AP, SAN’s check payments are automated, and they benefit from the big efficiencies and time savings of batch payments. Additionally with One AP, SAN creates and uses Virtual Cards On-Demand with defined spending limits for more control over business spending. Now, SAN’s payables are neatly consolidated on a single platform.
Clearing the path to growth
By automating supplier invoice payments, SAN gained the needed bandwidth to pursue new clients. Since implementing One AP, SAN has grown approximately 50%*, and they attribute their ability to scale to the support of American Express.
*This may not be a typical experience of every business. Experiences may vary.
Story Footnotes
¹American Express One AP® may not be available to all customers. To access the service, all customers will be required to enroll their eligible U.S.-issued American Express® Business, Corporate, or Corporate Purchasing Card. There is no fee to use the service for customers electing to process only Card payments. Use of additional payment methods requires activation through an American Express® Specialist and a monthly platform access fee of $200 which will automatically renew each month, unless the service is cancelled or all additional payments methods are deactivated, as applicable. If additional payment methods are being used, with the monthly platform access fee, to the extent used, the first 400 check transactions and first 400 automated ACH transactions each month are complimentary, after which point a fee of $1.00 per check and $0.35 per automated ACH transaction will apply. Fees are subject to change. Sales tax on fees may apply. All fees associated with American Express One AP® will be auto-billed monthly in arrears to the first Card enrolled for the service. The monthly platform access fee will be charged starting in the month in which the customer first uses an additional payment method and will not be pro-rated; the full monthly platform access fee will be charged regardless of when in the month a customer activates and first uses an additional payment method. Customers may cancel the service or activate/deactivate additional payment methods by contacting their American Express® Specialist. The customer will be charged the full monthly platform access fee (and any applicable transaction fees and taxes) for the month in which the service is cancelled (or all additional payment methods are deactivated), with continued access to the service for the thirty days following the cancellation date. Customer must cancel by 5:00 PM ET on the last business day of the month to avoid being charged the platform access fee for the following month. To make a Card payment to a supplier through the service, the supplier must be an American Express-accepting merchant. To learn more, please contact your American Express® Specialist.
New York: The American Express One AP® service is a money transmission service provided by American Express Travel Related Services Company, Inc. (American Express). This service is not available to consumers. American Express Travel Related Services Company, Inc. is licensed as a Money Transmitter by the New York State Department of Financial Services. California: The American Express One AP® service is a money transmission service provided by American Express Travel Related Services Company, Inc. (American Express). This service is not available to consumers. Georgia: The American Express One AP® service is a money transmission service provided by American Express Travel Related Services Company, Inc. (American Express). This service is not available to consumers. American Express Travel Related Services Company, Inc. is licensed by the Georgia Department of Banking and Finance.
For a list of our money service business licenses and information about addressing complaints and other disclosures, visit www.americanexpress.com/us/state-licensing.html.
NMLS ID # 913828
