Information Solutions Provider Transforms AP Process with Corcentric Payments
Information Solutions Provider Transforms AP Process with Corcentric Payments
1 PagesTHE BUSINESS An information solutions provider was struggling with its Accounts Payable function. The process was plagued with inefficiencies, including the large amount of paper checks used to pay suppliers, and inconsistencies in supplier payment terms and payment types. Virtual card payments alone were not enough and the existing ACH validation process was costly and unreliable. With the goal of creating a comprehensive AP strategy, the company searched for a streamlined payments service that accommodated a variety of payment methods and made managing payments a breeze. The company discovered that Corcentric Payments could achieve that goal. A total of 13,185 transactions were quickly transitioned to electronic alternatives, amounting to $283 million in total spend
