AOC
Solutions, Inc.® (AOC), a leading commercial payments technology and
services provider, announced today that Regions
Bank, the primary banking subsidiary of Regions Financial
Corporation (NYSE:RF), has selected AOC’s EnCompass platform for its
customers’ commercial payments, card management, and reporting.
Under the agreement, Regions will offer its business customers AOC
Solutions’ fully hosted, PCI-compliant commercial payments solution, EnCompass,
providing a secure, single login portal for convenient, comprehensive
management of commercial card programs. AOC’s white-label solution is
branded Regions IntersectSM, and enables their corporate
clients to streamline payment processing operations by automating
accounts payable and expense management functions.
“Regions commercial customers will now benefit from the convenience and
control provided by our commercial payment platform,” said Allen O.
Cage, Jr., president and CEO of AOC Solutions. “AOC’s white-label
solution is known as the industry standard for simplifying accounts
payable processing and providing improved management control and
reporting.”
Benefits of this platform include:
-
Single platform for program management, allocation and accounts
payable automation – consolidates functionality under a single login
and supports client needs and growth without adding on additional tool
sets
-
Simplified implementation for accounts payable automation – offers
multiple standard payment file options and supports manual payment
upload capabilities for clients with limited IT resources
-
Real-time Cloud-based access via Web Services – communicates data and
performs business functions server-to-server from any disparate
system; providing faster connections and more flexibility while being
less expensive to establish and maintain
-
Increased functionality and available services – supports both push
and pull payment options, and vendor enrollment is managed on the
client’s behalf as an integral component of accounts payable setup
“Our clients are actively seeking ways to streamline their payment
processing operations and gain greater business intelligence,” explained
James Hicks, head of Treasury Management. “With Regions Intersect, we
can help our clients to simplify accounts payable processing and provide
improved management control.”
To learn more about AOC’s commercial payments products and services,
visit www.aocsolutions.com or
watch this short video.
About AOC Solutions
AOC
Solutions, Inc., headquartered in Chantilly, VA, is a veteran-owned
company whose innovative commercial payments technology, federal
financial management, and managed services operations have been serving
thousands of corporate, government, public and private sector customers
since 1996. AOC’s strategic relationships within the financial
management and integration markets enable a streamlined approach to
commercial payments from virtually any accounts payable or general
ledger payments system in use today. AOC’s processing partners include
TSYS and Hewlett Packard (HP) Commercial Card Services. AOC has been
named to the Inc.
500-5000 list of the nation's fastest growing private companies six
times, the latest in 2014.
Copyright Business Wire 2015