Learn how Blockfy’s technology reduced Amex invoice processing time by 80% in Colombia and Peru.
The Challenge
Amex is one of the world’s most recognized financial institutions, specializing in payments, credit cards, and premium financial services. In its operations in Colombia and Peru, the company was looking for a way to simplify invoice payments for its corporate clients in the region. These payments could only be made in person at partner banks and in U.S. dollars. This setup created difficulties for clients, made the process slow, and increased the time required to process payments and release credit card balances.
Solution
How Blockfy Helped
Blockfy's technology transformed the corporate invoice payment process for Amex in Colombia and Peru by enabling invoice settlement in U.S. dollars with automatic conversion to local currency and payment via bank transfer. After payment, all information is sent automatically, allowing Amex to reconcile and quickly restore the credit limit.
Impactful Results
Credit Release
Reduction in credit release time—from 7 days to a maximum of 1 day after implementing Blockfy’s technology.
Processing Speed
Eliminated the need for in-branch payments, reducing processing time to just a few hours.
Cost Reduction
There were impacts with a reduction in operational costs, potential manual errors, and an increase in the efficiency of the entire process.
Learn how Blockfy’s technology reduced Amex invoice processing time by 80% in Colombia and Peru.
The Challenge
Amex is one of the world’s most recognized financial institutions, specializing in payments, credit cards, and premium financial services. In its operations in Colombia and Peru, the company was looking for a way to simplify invoice payments for its corporate clients in the region. These payments could only be made in person at partner banks and in U.S. dollars. This setup created difficulties for clients, made the process slow, and increased the time required to process payments and release credit card balances.
Solution
How Blockfy Helped
Blockfy's technology transformed the corporate invoice payment process for Amex in Colombia and Peru by enabling invoice settlement in U.S. dollars with automatic conversion to local currency and payment via bank transfer. After payment, all information is sent automatically, allowing Amex to reconcile and quickly restore the credit limit.
Impactful Results
Credit Release
Reduction in credit release time—from 7 days to a maximum of 1 day after implementing Blockfy’s technology.
Processing Speed
Eliminated the need for in-branch payments, reducing processing time to just a few hours.
Cost Reduction
There were impacts with a reduction in operational costs, potential manual errors, and an increase in the efficiency of the entire process.
Learn how Blockfy’s technology reduced Amex invoice processing time by 80% in Colombia and Peru.
The Challenge
Amex is one of the world’s most recognized financial institutions, specializing in payments, credit cards, and premium financial services. In its operations in Colombia and Peru, the company was looking for a way to simplify invoice payments for its corporate clients in the region. These payments could only be made in person at partner banks and in U.S. dollars. This setup created difficulties for clients, made the process slow, and increased the time required to process payments and release credit card balances.
Solution
How Blockfy Helped
Blockfy's technology transformed the corporate invoice payment process for Amex in Colombia and Peru by enabling invoice settlement in U.S. dollars with automatic conversion to local currency and payment via bank transfer. After payment, all information is sent automatically, allowing Amex to reconcile and quickly restore the credit limit.
Impactful Results
Credit Release
Reduction in credit release time—from 7 days to a maximum of 1 day after implementing Blockfy’s technology.
Processing Speed
Eliminated the need for in-branch payments, reducing processing time to just a few hours.
Cost Reduction
There were impacts with a reduction in operational costs, potential manual errors, and an increase in the efficiency of the entire process.
