Congratulations to Boost Intercept® on being shortlisted in the Best Business Payments Solution category!
Boost Intercept®: Revolutionizing Commercial Card Payments
Boost Intercept®, a patented straight-through processing (STP) solution by Boost, is transforming the way businesses handle commercial card payments. By eliminating the need for manual intervention, it ensures a seamless, secure, and fully automated payment process that saves time, reduces errors, and optimizes costs.
Boost Intercept is designed to solve common pain points in accepting static or virtual commercial cards, providing businesses with:
Optimized pricing, automation, reporting, and security
Streamlined payment reconciliation through automated reporting
Seamless integration with existing systems, no new equipment or training required
Enhanced customer satisfaction by accepting preferred payment methods
Ferguson’s Transformation with Boost Intercept®
Ferguson, a leading company in its sector, experienced significant operational improvements and cost savings after integrating Boost Intercept® into its payment processes. Before collaborating with Boost in 2022, Ferguson sought to reduce customer friction and streamline the handling of virtual card payments. The manual processing of payment authorizations had led to delays, resource strain, and inefficiencies.
By adopting Boost Intercept®, Ferguson transitioned to a fully automated payment process. Virtual card payments were directed to Boost, transforming Ferguson’s operations by:
- Automating payment settlement and remittance reports
- Reducing processing fees by 40%, leading to millions in savings in the first year
- Improving cash application processes with seamless integration into Ferguson’s ERP system
- Freeing up labor resources, saving the equivalent of three to four full-time employees
- Driving significant payment efficiencies and scalability, enabling continued growth in payment volumes
A Trusted Partner in Payments Innovation
Boost’s solutions have empowered businesses like Ferguson to automate payment processes, reduce costs, and increase operational efficiency. With over 80% growth in relationships and billions of dollars in payments processed with zero fraud losses, Boost’s technology has become a critical tool for businesses looking to overcome the challenges of legacy payment systems.
Recognized by industry leaders at Mastercard and Visa, Boost continues to shape the future of payments for Fortune 100 companies and beyond, driving payment automation and efficiency across the globe.