TAC Worldwide Companies Chooses
PayMode to Make and Receive Business-to-Business Payments and
Remittance
Leading Staffing Specialist to Increase
Productivity and Leverage Legacy Systems With Electronic Payment
Capability
BOSTON, MA and DEDHAM, MA — November
12, 2001— TAC Worldwide Companies, one of the world’s
largest full-service providers of technical, information
technology, engineering and office support staffing has
chosen PayMode®, today’s only bank-neutral,
business-to-business financial transaction solution, to
make secure, electronic
payments to its vendors, suppliers and third-party staffing
agencies. With PayMode, TAC Worldwide will streamline its
accounts payable processes, lower its cost of disbursing
payments and avoid additional IT infrastructure investment.
TAC Worldwide now joins a rapidly growing number of companies,
including 22 Fortune 1000 enterprises, using PayMode
to make and receive business-to-business payments.
“By choosing PayMode, we are
making a strong statement to our vendor and third-party agency
community that maximum
efficiency is the standard to which we have fully committed,” said
Steve Morin, CIO at TAC Worldwide Companies. “By
making payments with PayMode, we can eliminate the paper
inefficiencies of the payment process and give our partners
access to better information, while leveraging our existing
systems and eliminating the need for costly IT investment.”
PayMode
will be integrated within TAC’s existing,
proprietary accounts payable system, allowing TAC to
make electronic payments to its vendors and third-party
agencies,
while working within its current systems environment.
The integration will be completed without necessitating
changes
to TAC’s treasury workflow or IT infrastructure,
therefore avoiding any disruption to TAC’s operations
and eliminating the need for further systems investment.
As
part of its payment solution, the Accelerated
Enrollment Program will be implemented to quickly and efficiently
enable TAC’s community of roughly 2,000 vendors,
suppliers and third-party agencies to receive payments
using PayMode.
Contact: Ann McCormick
, 207-771-3769, ann_f_mccormick@fleet.com
