Case Study: Doosan Bobcat achieves faster cash flow with Corcentric EIPP

Doosan Bobcat automates 14,000 invoices a month with Corcentric

Doosan Bobcat, a major manufacturer of construction equipment, faced the challenge of needing to accelerate customer payments to maintain a healthy cash flow for its capital-intensive supply chain. Their manual, paper-based invoicing processes were prone to error and delay. To address this, they partnered with vendor Corcentric and implemented its Corcentric EIPP (Electronic Invoice Presentment and Payment) solution to automate invoice generation and delivery.

Corcentric's solution automated the delivery of over 14,000 invoices per month to hundreds of customers, with 96% sent electronically for faster and more reliable payment processing. This automation provided Doosan Bobcat with a robust and accurate billing layer, saving significant time and eliminating human error. The results for the customer included improved operational efficiency, reliable cash flow to enable growth, and allowing their accounts receivable team to focus on more profitable activities.

Doosan Bobcat