We are pleased to highlight the success of the U.S. Bank Student Funding project, a significant milestone in our ongoing efforts to enhance payment processes and foster collaboration with our suppliers. The initiative involved hiring three student interns who made substantial contributions to our Payment Plus campaign from December 2023 to May 2024.
The Payment Plus program has revolutionized our payment system, enabling the secure delivery of automated virtual Visa card payments to our suppliers. Our objectives with this program were to expedite supplier payments, improve process efficiency, enhance working capital management, mitigate fraud, and reduce transaction processing costs.
During their internship, the student interns provided invaluable support to two Payment Plus campaigns. Their responsibilities included conducting extensive research on over 10,000 suppliers, utilizing platforms such as BearBuy, ImageNow, invoice copies, and Google to gather comprehensive vendor contact information. Additionally, they played a vital role in initiating campaign emails to more than 3,700 suppliers, forwarding all communication to U.S. Bank.
The interns’ accomplishments were exceptional and contributed significantly to the project’s success. They worked closely with the Disbursement Team, facilitating knowledge exchange and training opportunities. Through their dedicated efforts, they acquired extensive knowledge of Accounts Payable and Payment Plus processes, providing valuable insights and feedback to improve the program and future internships.
For a detailed summary of their internship experience, we encourage you to review this presentation, which comprehensively outlines their achievements and contributions.
The U.S. Bank Student Funding project exemplifies our commitment to innovation, collaboration, and continuous improvement. We extend our sincere appreciation to the student interns for their exceptional dedication and commend their remarkable success in advancing our Payment Plus campaign.
Please stay tuned for future updates on our ongoing initiatives and success stories.