Commerce Bancshares
50 Case Studies
A Commerce Bancshares Case Study
Sukup Manufacturing, a family-owned global manufacturer of grain storage and handling equipment based in Iowa, faced operational inefficiencies due to manual accounts payable processes as the company experienced significant growth. To address this challenge, they partnered with Commerce Bancshares and implemented its CommercePayments AP Card solution to automate vendor payments.
Commerce Bancshares' solution digitized Sukup's AP process, saving time and money by reducing paper checks. The implementation resulted in substantial financial benefits, including generating revenue share for Sukup. Since 2017, the program has created nearly $600,000 in revenue share, including over $165,000 earned in 2021 alone. Commerce Bancshares also proactively enrolled hundreds of Sukup's vendors into the program, providing the company with enhanced purchasing power and detailed payment reporting.