CHANTILLY, Va. – September 19, 2013 – AOC Solutions, Inc. (AOC), a leading commercial payments technology and services provider to corporate and federal clients, announced today it has entered into a strategic partnership with Hewlett Packard (HP) Commercial Card Services.
Under the terms of the agreement, HP's financial institution clients may offer AOC's commercial payments solution, EnCompass, to their customers so they can easily yet securely manage and process their commercial card and accounts payable (A/P) payments from a single, full-service secure platform – even onmobile devices.
EnCompass – AOC Solutions' fully hosted and PCI-compliant commercial payments technology – enables HP financial institutions to distinguish themselves in the corporate payments market by offering cost-saving and revenue-generating programs to their commercial customers at no cost, while contributing to their own growth through revenue-sharing.
"In today's economy, B2B companies look for every opportunity to reduce expenses, improve operational efficiencies and lower risk," said Allen O. Cage, Jr., president and CEO of AOC Solutions. "Choosing the right technology partner – one that lives and breathes commercial payments and delivers best-in-class A/P, commercial card management and reporting tools – is a big part of that equation. We're delighted HP chose AOC Solutions and our EnCompass platform to be that world-class strategic partner."
With EnCompass, the end-user organizations can optimize their operations by managing their corporate purchasing/accounts payable as well as fleet, travel and entertainment,and purchasing card programs in one place. They will also be able to access detailed statements as well as automatically analyze their spending using advanced analytics and reporting. As a result, EnCompass users can:
- Maintain better control over expenses, spending limits and cash flow
- Improve security by setting specific user permissions and privileges that restrict where, what and how much can be purchased
- Eliminate paper transactions and statements
- Pay invoices more efficiently
- Seamlessly interface with existing payables processes
- Improve forecasting accuracy
- Earn revenue share based on card payment transaction volume
To access the EnCompass platform, users simply log in via browser of any Internet-enabled device, such as a desktop, smartphone or tablet, using their assigned credentials.