Case Study
Oil and Gas Company Fuels Better Supplier Relationships and Cuts Costs with Corcentric Payments
THE BUSINESS A company in the oil and gas industry was facing challenges related to how it paid its suppliers. The process was filled with inefficiencies, namely the fact that paper checks were being used to pay them, which often led to delayed and error-prone payments. They realized the business needed to adopt a streamlined service that could transition over 1,100 suppliers to electronic payments, quickly convert paper checks to electronic alternatives, and enable suppliers to complete any electronic payment type. Corcentric Payments turned out to be the solution to the company’s problem. The bill payment software improved the supplier experience and gave the company the increased accuracy and control it needed to optimize spend. THE EXPERIENCE Finding a payment solutio