LEWISVILLE, Texas, Sept. 8, 2011—Today Parago introduced PROP™ (Parago Reward Ordering Portal), a proprietary enterprise reward ordering portal that provides large organizations a central destination for ordering, loading, activating and customizing Visa® prepaid cards for incentives and rewards. The one-stop online destination is a customizable portal that makes the prepaid incentive procurement process simple. PROP facilitates total self-service for the end-user, allowing companies to select cards, customize language and collateral, load, activate, pay and ship all in one hierarchical, managed environment. The portal is designed to make reward and incentive ordering quicker, simpler and more auditable by allowing users to place orders, manage budgets, customize reward amounts, and design and track redemption within approved parameters.

Parago (www.parago.com) is an industry leader in delivering engaging incentives, delivering more than 10 million prepaid cards annually and more than $2.5 billion in awards each year.  

PROP delivers tremendous user control and customization, allowing users to:

Load any number of custom or stock cards
Set permission-based access to specific card designs and collateral
Establish budget and approval process within portal
Pay by purchasing card, wire or ACH
Ship direct to end user, with bulk ship options available
Send out activated cards and activate through portal
Access detailed reporting and auditing
Implement company-wide pricing structure, maximizing efficiencies
Streamline the organization’s internal brand and legal approval with cross-department availability and reward centralization
Order 5 -5,000,000 cards, available on demand with multiple communication options
Many large companies struggle with the reward and incentives purchasing and procurement process, as it often requires coordination of multiple contracts with a number of approved vendors, various pricing schedules, and internal brand and legal review. In response to this problem, PROP was designed to simplify the reward ordering process, and centralize, streamline and standardize the procurement effort.

The platform provides a single destination for enterprises that before had to coordinate different incentives through different departments, such as Human Resources, Finance, Sales and Marketing. Using PROP, all departments have access to a prepaid incentive ordering and customization portal, which can be set up with pre-approved configuration designed on a user basis and a hierarchical structure including approval and budget capabilities and restrictions. Companies have the ability to select from a range of standard designs, or create custom designs to fit within a specific product line, promotion, achievement or theme. Users can leverage scale, pre-approved materials, simple ordering, and a robust reporting and audit trail.

“We developed PROP to solve a request that we heard time and time again: our clients need a centralized repository to order and re-order Visa prepaid cards,” stated Juli Spottiswood, President & CEO of Parago. “Whether it is a short run of cards used by HR for employee recognition, or thousands of cards for a large-scale consumer incentive program, PROP enables all departments within an enterprise to procure prepaid incentives through a few quick clicks.”

PROP is designed for organizations large and small to deliver a streamlined and synthesized ordering process.

“The launch of PROP is just in time for those organizations looking for an enterprise-wide way to deliver great holiday rewards,” continued Spottiswood. “Clients can provide a solution that lets managers and brand owners deliver unique rewards to their audience, whether it be employee, customer or client, easily and in a standardized process.”

For more information, a demo or pricing on PROP, contact the Parago Prepaid Team at 888.219.7533.

About Parago

Parago is the innovative provider of rewards-based incentive solutions that deploy technology to drive better results from consumers and customers alike. Parago provides a full range of consumer, sales, channel and employee incentive programs to Fortune 500 companies. Parago has distinguished itself in the rewards-based incentives field for more than ten years by consistent reinvention of legacy approaches, introducing 27 industry firsts and receiving three patents. For more information visit www.parago.com, the Parago blog or Twitter.

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Juli Spottiswood

CONTACT: Jennifer Tramontana, jennifer@fletchergroupllc.com

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