THE BUSINESS An industry-leading diversified manufacturer with nearly 11,000 employees saw an opportunity to significantly reduce costs by minimizing the number of checks they were initiating in favor of electronic payments. “This project wouldn’t have happened without the technology, supplier outreach, and market expertise Corcentric delivered.” Specifically, the manufacturer wanted to implement a digital payment process that would allow them to integrate their SAP system with their bank payment system, take advantage of payment discounts offered by suppliers more frequently, improve their cash forecasting capabilities, simplify reconciliation, reduce check fraud, and improve supplier relationships. After considering the technology development, staff resources, and

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