EML Payments Limited (ASX: EML) has further expanded its virtual payments platform in North America by partnering with Mize Houser & Company P.A., a provider of accounts payable outsourcing and CPA services to restaurant franchisees.
One of the largest accounting firms in the Midwest, Mize Houser is a Kansas-based company that serves over 250 quick-service franchisee owners, operating about 1,600 restaurants in 38 states in the U.S. In addition to CPA services and accounts payable management, one of its core services for franchisee clients is outsourced bill payment.
With EML’s supplier payment solution, Mize Houser’s bill pay clients will be able to pay vendors faster by replacing paper checks with single-use virtual payment cards or traditional direct debit.
Eric Mettemeyer, CEO of EML North America said, “With circa twenty thousand vendors, Mize Houser will realize greater operational efficiency, and significantly lower printing and labor costs. Plus, Mize Houser’s clients will benefit from the cost savings generated from the program.”
Mettemeyer adds, “Costly, time-consuming and fraud-prone paper checks are still a common payment method in the North American accounts payable industry. EML is focusing on establishing more accounts payable outsourcing partnerships that help organizations like Mize Houser switch from paper checks to virtual payments.”
The virtual payment program is expected to launch late in the first half of fiscal year 2018.
About Mize Houser
Mize Houser & Company P.A., founded in 1956, employs over 225 people in Topeka, Lawrence and Overland Park, Kansas. In addition to traditional tax and audit services, the firm provides accounting services, payroll, bill payment, information technology and consulting services to organizations across the country. Its clients are in a variety of industries with a concentration in quick service restaurants, auto dealerships, cities and school districts, construction, manufacturing, hospitality and non-profits. The firm has been recognized as a “Firm to Watch” by Accounting Today as well as Inside Public Accounting’s Top 200 list.