Optimal Partners provides a portfolio of financial technology solutions that enable organizations to automate accounts payable (AP) payments, reduce risk of fraudulent payment activities, and provide On-Demand Pay/Same-Day-Pay and digital banking to employees and hourly workers. Florence Hosanna, Partner and CFO, explains how Optimal Partners’ unique services help companies gain a competitive edge in a competitive and evolving business climate.
How does your company help other businesses become more effective?
Our accounts payable solution automates AP payments, eliminates manual processes/reconciliation and reduces fraudulent risk by moving check/ACH/wiring payments to virtual card payments, the most secure payment method today. For companies still manually processing their checks in-house, our team also provides outsourcing services for manual check issuance activities, including printing, stuffing, stamping, and mailing checks, all at no out-of-pocket cost to our clients.
Our On-Demand Pay/ Same-Day-Pay solution is an employee benefit that provides daily pay and digital banking to employees, at no cost to employers and without employers having to change their payroll frequency and timing. On-Demand Pay is proven to help with employees’ financial wellness, thus improving employee satisfaction, attraction, and retention. In a tight labor market with wage parity, on-demand pay can be a competitive differentiator to employers for attraction of labor.
What differentiates your company from others in your industry?
We have designed our compensation structure and business model to be in alignment with our clients. This means that the vast majority of our solutions come at no out-of-pocket cost to our clients. Additionally, we believe in financial inclusion, and thus our On-Demand-Pay solution not only provides On-Demand-Pay, but also provides digital banking services to the unbanked community that has been underserved by traditional banking institutions.
What do you enjoy most about doing business in the Dallas Region?
Dallas is a business-friendly environment, offers affordable living and direct flight access to almost any major city in the U.S. and worldwide, and has great schools and universities that attract talent – both for single professionals and professionals with families.
Why did you decide to become a DRC member?
We were looking to partner with an organization that is well engrained in the Dallas community, supportive of new businesses, welcoming, collaborative, and innovative.
How has your business changed in the past five years?
Technology continues to rapidly evolve, and our portfolio of solutions will continue to grow as we seek to offer leading- and cutting-edge technologies to help our clients automate processes, attract and retain labor, and optimize costs.