Case Study: Baird & Warner Goes Paperless with Corcentric Cor360 Approval Workflow

Baird & Warner cuts paper checks 40% with Corcentric

Baird & Warner, a major Chicago-based residential real estate services company, faced a challenge in its centralized accounts payable department. The company had a mandated goal to create a paper-free environment and increase efficiencies. Its primary challenge was processing over 18,000 non-PO paper invoices annually with zero visibility into payables status, which often led to invoices arriving after the books were closed. To solve this, they turned to vendor Corcentric and its Cor360 Approval Workflow solution.

Corcentric implemented its solution, which included invoice conversion, data capture, e-invoicing, and approval workflow automation. This gave the AP department 24/7 visibility into every invoice's status and eliminated nearly all paper. As a result, Baird & Warner reduced paper check payments by almost 40% and gained the capability to handle a 50-75% increase in business without adding staff. The Corcentric solution provided accurate month-end accrual reporting and freed up administrative personnel to focus on revenue-generating activities.

Baird & Warner