Home / Knowledge / News / Information Technology / Cass to manage Charming's payables processes
Cass to manage Charming's payables processes
11
May '10
Cass Information Systems, expense management solutions are providing real benefits for Charming Shoppes, Inc.Through an enterprise-wide, expense management engagement with Cass, Charming Shoppes, Inc. is reporting improved processing efficiency, reduced costs and greater data visibility in the expense categories of utilities, telecom and parcel services. Charming Shoppes, Inc. operates 2,121 retail stores under the names LANE BRYANT, FASHION BUG, FASHION BUG PLUS, CATHERINES PLUS SIZES, LANE BRYANT OUTLET, and CACIQUE. The Company also operates the Figi's Gifts in Good Taste catalog, specializing in holiday fare, gift-giving convenience, and exclusive and personalized items.

Working in multiple areas to enhance Charming's payables processes, Cass processes and pays Charming's invoices for telecom, utilities and parcel services. A byproduct of the invoice management process is the compilation of related expense data, which Cass converts to Web-based business intelligence, query and analysis tools. Charming can download the data and further customize its own reports.

Invoices for telecom, utilities and parcel services are considered "complex payables" due to their specialized processing requirements.

Complex payables require specialized processing for several reasons, including complex rate structures, frequent billing errors, the business value of the embedded data and penalties for late payments. These factors also combine to make the invoices more difficult to manage. In the case of utility and telecom invoices, additional processing steps are required to minimize late fees and service shut offs.

"The services we receive from Cass are definitely contributing to processing efficiency and reduced operating costs," commented Joe Coulter, Director of Cash and Disbursement services, Charming Shoppes, Inc. "In addition to the hard-dollar savings in each of the areas we've engaged Cass, we've benefited from significant visibility to data and opportunities that we would not have otherwise achieved on our own. Rather than focus solely on transactional processing, we are able to focus on applying best practices in managing our AP processes as well as delve into other cost containment opportunities."

"It is extremely gratifying when a client initiates with Cass in one area, and then broadens the relationship to include additional complex payables," commented Mark Murray, executive vice president, Cass Information Services. "We are very pleased to provide Charming Shoppes with a full array of Cass expense management services."

Cass Information Systems


Must ReadView All

Chinese firm sets up garment production chain in Vietnam

Apparel/Garments | On 13th Dec 2017

Chinese firm sets up garment production chain in Vietnam

Worldon Vietnam Co. Ltd under the Chinese Shenzhou Group is likely to ...

Courtesy: SATO Global Solutions

Information Technology | On 13th Dec 2017

Sensor networks improve inventory management

Sensor networks like radio frequency identification (RFID) and smart...

CMAI hails review of FTP as 'progressive package'

Apparel/Garments | On 13th Dec 2017

CMAI hails review of FTP as 'progressive package'

The Clothing Manufacturers' Association of India (CMAI) has hailed...

Interviews View All

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Headhonchos
Indian fashion industry

Cotton consumption will keep growing in the Indian fashion industry

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

December 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.6%
No
12.0%
Skip
18.5%

Total Votes: 92

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
62.0%
No
30.4%
Skip
7.6%

Total Votes: 92

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.0%
No
9.8%
Skip
3.3%

Total Votes: 92

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
81.5%
No
8.7%
Skip
9.8%

Total Votes: 92


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search