Case Study: Leading Diversified Manufacturer achieves 398% ROI and 83% reduction in supplier payment costs with Corcentric Payments

Manufacturer Makes the Switch to Electronic Supplier Payments and Realizes Major ROI

Leading Diversified Manufacturer faced high check volumes and costly, manual disbursement processes — they needed to integrate SAP with their bank, capture supplier payment discounts more often, improve cash forecasting and reconciliation, reduce check fraud, and strengthen supplier relationships. After reviewing proposals, the company selected Corcentric and its Corcentric Payments solution to drive the digital payment transformation.

Corcentric reviewed the manufacturer’s vendor file, targeted high-impact suppliers, ran a six-week supplier outreach campaign, and integrated the company’s SAP payment files with bank formats while onboarding suppliers for electronic pay. The effort converted 75% of supplier check payments to electronic (50% of targeted suppliers within 90 days), delivered a 398% ROI, cut payment initiation costs by 83%, recouped conversion costs in under one month, and enabled the company to pay tens of millions monthly with plans to move toward 100% electronic payments.