Retailer Swaps Inefficient Manual Processes for Electronic Supplier Payments
Retailer Swaps Inefficient Manual Processes for Electronic Supplier Payments
1 PagesTHE BUSINESS A retailer struggling with a manual, outdated supplier payment process realized it could greatly benefit from transitioning to electronic payments. Specifically, the retailer was looking for software that would: + Integrate their legacy financial system with their bank payment system + Take advantage of payment discounts offered more frequently by suppliers + Improve cash forecasting capabilities + Reduce check fraud and simplify reconciliation After reviewing proposals from their bank and two supplier enablement vendors, the retailer determined that Corcentric was the provider with the appropriate technology and market knowledge to execute a seamless conversion to electronic payments. THE EXPERIENCE Corcentric Payments offered a full suite of services
