Commerce Bancshares
50 Case Studies
A Commerce Bancshares Case Study
Samaritan Health Services, a not-for-profit healthcare network in Oregon, was seeking ways to increase revenue and cut costs. Their challenge was finding an accounts payable solution that would be effective without requiring significant internal resources to implement. Commerce Bank approached them with its CommercePayments AP program, which offered a way to turn their AP department into a profit center.
Commerce Bank implemented its electronic payment solution, taking on the work of contacting vendors to set up automated payments. The solution was highly successful, with Commerce now handling the majority of Samaritan's electronic payments. The results included revenue shares that exceeded first-year projections by 6 percent, covering the salaries of the four-person AP team. Additionally, Commerce Bank's solution saved Samaritan up to $50,000 annually in check processing costs.