X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
High U.S. unemployment brought a surge in the incoming payments handled by SHPS, a benefits administrator in Louisville, Ky. Fortunately, the company had streamlined its systems with state-of-the-art banking products before the wave hit and was prepared to handle higher volumes and provide quick turnarounds to keep last-minute payers insured.

“The economic collapse did impact us,” says Kevin Scarborough, vice president of finance at SHPS. “It brought us new clients and more volume from existing clients as more participants went on COBRA. We hated to see more people unemployed, but we welcomed the additional business.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.

Already have an account?

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.