Commerce Bancshares
50 Case Studies
A Commerce Bancshares Case Study
Broken Arrow Public Schools, a large school district in Oklahoma, faced challenges with its inefficient and time-consuming manual accounts payable processes. The district needed to reduce costs, create efficiencies, and ensure accurate accounting while safeguarding taxpayer money. To address this, they partnered with Commerce Bancshares and implemented their CommercePayments® Payment Hub solution.
Commerce Bancshares' Payment Hub automated the AP process, enabling systematic invoice uploads and electronic payments. This significantly reduced administrative work and cut the reconciliation process by 75%. A major benefit was the revenue share generated through the platform's AP Card function, which provided the district with nearly $320,000. This revenue helped retain teaching positions during state funding shortfalls and improved internal controls and fraud prevention.