Case Study: Fast-Growing Financial Services Firm achieves 65% reduction in check volume and complete financial visibility with Corcentric AP + Payments

Accounting firm unlocks complete financial visibility and positive cash flow with custom AP solution

Fast-Growing Financial Services Firm was overwhelmed by a manual, paper-based accounts payable process—handling roughly 2,500 invoices per month, slow supplier onboarding, and poor payment visibility that harmed working capital. After prior AP efforts failed to meet its unique needs, the company engaged Corcentric and its Corcentric AP + Payments solution to build a tailored, “one size fits one” approach.

Corcentric digitized accounts payable, supplier management, and payments, implemented virtual card payments, deployed Accounts Payable Managed Services, and launched a supplier onboarding portal. The work produced measurable gains: a 65% reduction in check volume, invoice-to-payment time reduced to 3.3 days (down from 7–8 days), and a reported ~62% reduction in invoice payment time, while virtual-card rebates made the solution cost neutral in year one and point toward positive cash flow going forward. Corcentric’s single-portal visibility also improved supplier transparency, forecasting, and scalability for the firm.