Case Study: Peoria Public Schools increases efficiency and earns revenue with Commerce Bank

Helping School Districts Increase Efficiency Realize Revenue

Peoria Public Schools, a large school district in Illinois, faced the challenge of managing a complex financial operation across multiple banks, which was inefficient and hindered innovation. They partnered with Commerce Bank to consolidate their accounts and implement the CommercePayments suite of services to automate accounts payable and receivable processes.

Commerce Bank's solution involved automating nearly 900 annual transactions through ACH Payments and an AP Card, saving significant time. Furthermore, by enrolling vendors in a virtual card payment program, the district generated over $60,000 in revenue share. Commerce Bank also provided fraud protection tools like Positive Pay, leading to greater efficiency and a Certificate of Excellence in Financial Reporting for the school district.

Peoria Public Schools