Medical Device Manufacturer Goes Paperless with Corcentric Payments
Medical Device Manufacturer Goes Paperless with Corcentric Payments
2 PagesTHE BUSINESS When a Fortune 500 medical device manufacturer completed a bank- sponsored virtual card program, the company was left in a less than ideal situation. The number of checks and amount of check spend converted to virtual card, as well as their card rebate, was significantly less than anticipated. The company felt there was an opportunity to further reduce costs by swapping manual checks for electronic payments, but the bank was not interested in assisting them with this effort. Following a recommendation from a fellow CFO, the company discovered Corcentric Payments, a solution that would audit the results of their initial virtual card program and provide a payment process that would optimize cash flow. THE EXPERIENCE Once engaged, the Corcentric audit team go
