Zevez Capitalizes on Credit Card Rewards for Businesses
New System Enables Invoicing Processes to Create Profits from Rewards Programs
Portland, Ore., June 22, 2004 — The bottom line found a new ally today. Zevez, an innovative company that turns customers' accounts payable into a new source of profits, today launched a service called RewardWorks to help businesses systematically secure millions of credit card rewards.
By moving invoice payments from checks to reward-rich credit cards, businesses are, for the first time, able to generate profits from their existing accounts payable departments on a major scale.
Rewards have become common place for consumers, but used in a limited fashion in the business world. With Zevez, businesses can now capitalize on this untapped asset and produce a new source of earnings without making any major changes. Zevez delivers a turnkey service that fits into a customers' current accounting process. So paying by card looks and feels to the accounting team as if they are paying by check. The service is simple, affordable and built to handle the volume and complexity of business payments with ease.
"Zevez delivers a new way for businesses to make money," says CEO and founder Joe Graziano. "Every business pays bills, and now every business has the potential to earn rewards for doing so."
Companies can pay for many business expenses by credit, including inventory, supplies, and utility bills, and in the process rack up massive credit card rewards that can be applied to the bottom line. These rewards can be redeemed for cash, travel, or merchandise — even new Harley Davidson motorcycles. Zevez customers are using rewards as incentives for employees, executives and channel partners, in addition to creating customer marketing programs to drive revenue.
"I like getting paid for what I'm already doing," said Mike Sherman, CEO of Direct Marketing Solutions. "Zevez's program is enabling Direct Marketing Solutions to provide rewards for our employees, making it a win — win for everyone. Who wouldn't want something like this?"
Zevez handles all the steps in the process from checking on vendors who accept cards, finding the best card for the customer, installing a software system that interfaces with existing accounting software to offering a Redemption service so customers use the rewards they have accumulated. RewardWorks requires minimal installation and training time, allowing companies to get up and running in minutes. Customers can also be assured that their information will remain secure as the financial data remains at the customer site.
"Zevez's software plugged into our environment and was easy for our accounts payable team to start using," said Jeff Jandera, Corporate Controller for Izzy's. "It's great to change bill paying from what was once a cost center into a new profit center."
About Zevez
Zevez is systematically capturing Credit Card Rewards for businesses on a massive new scale. Using software and services created by Zevez, companies are now securing Credit Card rewards through their accounts payable departments, generating immediate new profits from existing resources. By paying millions of dollars in invoices and expenses with reward-rich credit cards, carefully researched and integrated by Zevez, small and medium-sized private companies can increase profitability up to 10 percent. With sales representatives in Seattle, Portland, San Francisco, San Jose, Los Angeles, San Diego and Denver, Zevez is turning customer's accounts payable into a new source of profits across the nation.
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Public Relations Contacts:
Karen Taft
Edelman
503.471.6816
karen.taft@edelman.com
Joscelyn Zell
Edelman
503.471.6808
joscelyn.zell@edelman.com
