Case Study: Alleguard boosts AP efficiency and strategic growth with Commerce Bank

Payment system automation prepares Alleguard for strategic growth.

Alleguard, a Nashville-based foam products manufacturer, faced a challenge in managing its accounts payable process after a period of rapid growth through acquisitions. The manual system was inefficient, requiring clerks to enter paper invoices into multiple separate ledgers and manage a cumbersome approval process. To prepare for further strategic growth, Alleguard partnered with Commerce Bank to automate its payment systems.

Commerce Bank implemented its CommercePayments® AP automation solution and Payment Hub, which integrated with Alleguard's ERP system and streamlined the invoice-to-payment workflow. The solution increased invoice processing efficiency by 50% and successfully enrolled many suppliers into a virtual card program, which generated a revenue share for Alleguard. Commerce Bank delivered the systems on an aggressive timeline, providing Alleguard with the infrastructure and data needed to support future growth and decision-making.

Alleguard