BOOST PAYMENT SOLUTIONS
“ Our focus is on optimising the way in which enterprise-level businesses pay their vendors and suppliers by utilising proprietary technology and procedures that we ' ve developed over a 14-year period .”
As such , the level of bespoke technology that is required depends on the client and the nature of their business . As an example , Boost Payment Solutions works with some of the largest telecommunications companies in the world . The industry is more account-based , rather than invoice-based , and that calls for Boost to create more bespoke solutions for telco customers .
Often , the telco and their buyer will have different account numbers stored in their ERP systems to refer to the same transaction – either a result of character limits , or sometimes just clerical error . Boost has built a bespoke bridging tool that translates both versions of the same account number so that it ’ s in the right format for whichever ERP it ’ s being sent to .
It ’ s not just telecommunications , though . Boost has clients spanning healthcare , freight and logistics , manufacturing , media and more . All of these companies have pain points that are unique to their industry – even unique within their industry , in some cases – as well as specific requirements for their local market .
DEAN M . LEAVITT
TITLE : FOUNDER & CEO LOCATION : NEW YORK , USA
Dean M . Leavitt is a wellrespected veteran of the electronic payments industry with over 30 years of experience in leadership roles at both public and private companies . Dean founded Boost Payment Solutions in 2009 to meet the untapped needs of the B2B payments industry with technology solutions that seamlessly serve the needs of today ' s commercial trading partners . Today , Boost is operating in 47 countries and is widely recognised as an industry leader in B2B payments . Dean currently serves as a member of both the Global and European Advisory Boards of Commercial Payments International .
Why is the B2B payments sector not working ? For many of the companies that Boost works with , the challenges they face are as old as the corporate card itself . “ Since the credit card industry was invented 70 years ago , there were never any specific types of solutions that served B2B transactions ,” Leavitt says . “ Because of that , most of the processes required to accept a commercial card product now are manual and very HR-intensive . If you ' re a large organisation that ’ s accepting
EXECUTIVE BIO