Overview
Allied Executives was operating with a traditional merchant processing account through their bank, which came with rising transaction costs and limited flexibility for both the organization and its members. This setup created inefficiencies, restricted payment options, and directly impacted profitability and cash flow. To maintain financial health and deliver a better member experience, Allied Executives needed a more strategic, integrated approach to payment processing.
The Challenge
The existing payment system was no longer sustainable. Rising bank fees and the lack of integration made it difficult for Allied Executives to manage operations effectively. Members had limited ways to pay, and internal accounting teams faced time-consuming manual processes that slowed down collections and strained cash flow. These inefficiencies reduced profitability and left little room to reinvest in growth.
Key issues included:
- Escalating transaction costs that eroded margins year after year.
- Limited payment flexibility for members, creating friction and dissatisfaction.
- Manual reconciliation that consumed valuable staff time and delayed collections.
- No QuickBooks integration, leaving accounting processes inefficient and error-prone.
The Solution
Evolve Payment partnered with Allied Executives to implement a modernized approach designed to reduce costs and improve efficiency. At the center was a Dual Pricing Model that offered members a choice in how they paid, while also integrating directly into QuickBooks to streamline internal operations. This combination allowed Allied Executives to save significantly on processing while improving the member experience.
- Dual Pricing Implementation – Members could choose between paying by credit card with a small fee or free ACH transactions, reducing costs while maintaining flexibility.
- Seamless QuickBooks Integration – Automated invoicing and reconciliation eliminated manual work, saving staff time and improving accuracy.
- Improved Member Experience – Offering multiple payment methods accelerated collections, reduced friction, and provided greater convenience.
Results & Benefits
The impact of Evolve Payment’s solution was both measurable and strategic, giving Allied Executives the financial flexibility to reinvest in growth while improving the member experience.
- Dramatic Cost Reduction – Annual processing costs dropped from more than $1MM+ to just $120K, eliminating unnecessary fees through dual pricing.
- Cash Flow Optimization – Faster collections and payment flexibility strengthened the organization’s ability to operate with confidence.
- Time Savings & Efficiency – Direct QuickBooks integration reduced manual reconciliation, freeing staff to focus on higher-value work.
- Improved Security & Compliance – Enhanced PCI compliance lowered risk and ensured transactions were secure.
Ready to Evolve Your Payments?
Discover how Evolve Payment can help you reduce costs, modernize accounts receivable, and empower your clients with greater flexibility. Contact us today.
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