AOC Receives an Award for Innovation in Commercial Payments

AOC Receives an Award for Innovation in Commercial Payments

AOC Receives an Award for Innovation in Commercial PaymentsAOC Solutions, Inc. - a commercial payments technology and services provider to public, private and corporate sector clients - announced today that it won the Commercial Payments International Global Excellence Award for creating an automated, electronic payments process that enables organizations to leverage their cash-on-hand more effectively to pay for vendor goods or services, instead of having to obtain a more traditional line of credit from a bank or other lender.

AOC's patent-pending, prefund technology, part of AOC's EnCompass platform, uses proprietary file- and web-based accounts payable (A/P) processes to determine a client's available funds, provide additional funds to pay that client's commercial vendors and conduct vendor payments. Prefund also manages and secures payment-related data among all parties involved in the transaction: the buying organization, the financial issuer and the vendor. As a result, Prefund significantly reduces or eliminates the need for additional information to close A/P invoices; provides secure payments to vendors with better line-item-transaction detail on invoices; and provides electronic notification of pending or completed payments to expedite closure of open receivables within a client's own accounts receivable (A/R) system.

"This award affirms AOC's commitment to delivering innovative commercial payment solutions that meet urgent customer needs," said Allen O. Cage, Jr., AOC's president and CEO. "We are honored to have been chosen for this prestigious distinction."




AOC Receives an Award for Innovation in Commercial Payments

"CPI is delighted that the judges selected AOC's Commercial Prefund Solution as the ‘Best Commercial Payments Innovation,’" said Joanne Robinson, CPI's founder and CEO. "AOC Solutions continues to develop innovative solutions for the commercial payments industry and, this award recognizes those achievements."

Cage was also nominated as a finalist in the "Most Influential Commercial Cards and Payments Executive" category.

Winners were announced at CPI's Global Commercial Cards & Payments Summit in New York City.

(left) Kevin Woods, AOC’s Executive Vice President of Global and Strategic Initiatives

(right) Joanne Robinson, founder and CEO, Commercial Payments International

Featured

  • It Always Rains in Florida

    Over the years, and many trips to various cities, I have experienced some of the craziest memorable things. One thing I always count on when going to Orlando is a massive rainstorm after the tradeshow has concluded the first day. Count on it, it is going to rain Monday evening. Expect that it will be a gully washer. Read Now

    • Industry Events
  • Live from GSX 2024 Preview

    It’s hard to believe, but GSX 2024 is almost here. This year’s show runs from Monday, September 23 to Wednesday, September 25 at the Orange County Convention Center in Orlando, Fla. The Campus Security Today and Security Today staff will be on hand to provide live updates about the security industry’s latest innovations, trends, and products. Whether you’re attending the show or keeping tabs on it from afar, we’ve got you covered. Make sure to follow the Live from GSX page for photos, videos, interviews, product demonstrations, announcements, commentary, and more from the heart of the show floor! Read Now

    • Industry Events
  • Elevate Your Business

    In today’s dynamic business environment, companies specializing in physical security are constantly evolving to remain competitive. One strategic shift these businesses can make to give them the advantage is a full or partial transition to a recurring revenue model, popularly called a subscription service. This approach will bring numerous benefits that not only enhance business stability but also improve customer relationships and drive innovation. Recurring monthly revenue (RMR) or recurring annual revenue (RAR) are two recurring cadence choices that work simply and effectively. Read Now

  • Playing a Crucial Role

    Physical security technology plays a crucial role in detecting and preventing insider cybersecurity threats. While it might seem like a stretch to connect physical security with cyber threats, the two are closely intertwined. Here’s how physical security technology can be leveraged to address both external and internal threats. Read Now

Featured Cybersecurity

Webinars

New Products

  • Camden CM-221 Series Switches

    Camden CM-221 Series Switches

    Camden Door Controls is pleased to announce that, in response to soaring customer demand, it has expanded its range of ValueWave™ no-touch switches to include a narrow (slimline) version with manual override. This override button is designed to provide additional assurance that the request to exit switch will open a door, even if the no-touch sensor fails to operate. This new slimline switch also features a heavy gauge stainless steel faceplate, a red/green illuminated light ring, and is IP65 rated, making it ideal for indoor or outdoor use as part of an automatic door or access control system. ValueWave™ no-touch switches are designed for easy installation and trouble-free service in high traffic applications. In addition to this narrow version, the CM-221 & CM-222 Series switches are available in a range of other models with single and double gang heavy-gauge stainless steel faceplates and include illuminated light rings. 3

  • A8V MIND

    A8V MIND

    Hexagon’s Geosystems presents a portable version of its Accur8vision detection system. A rugged all-in-one solution, the A8V MIND (Mobile Intrusion Detection) is designed to provide flexible protection of critical outdoor infrastructure and objects. Hexagon’s Accur8vision is a volumetric detection system that employs LiDAR technology to safeguard entire areas. Whenever it detects movement in a specified zone, it automatically differentiates a threat from a nonthreat, and immediately notifies security staff if necessary. Person detection is carried out within a radius of 80 meters from this device. Connected remotely via a portable computer device, it enables remote surveillance and does not depend on security staff patrolling the area. 3

  • Automatic Systems V07

    Automatic Systems V07

    Automatic Systems, an industry-leading manufacturer of pedestrian and vehicle secure entrance control access systems, is pleased to announce the release of its groundbreaking V07 software. The V07 software update is designed specifically to address cybersecurity concerns and will ensure the integrity and confidentiality of Automatic Systems applications. With the new V07 software, updates will be delivered by means of an encrypted file. 3