Case Study: Olmsted County achieves faster, more transparent payables processing with Corcentric

Olmsted County cuts invoice processing time to 2 days with Corcentric

Olmsted County, a municipal government in Minnesota, faced a highly inefficient and opaque manual accounts payable process, handling approximately 24,000 invoices annually. The lack of visibility and documentation made it difficult to track invoices and meet payment deadlines, leading to vendor inquiries and internal prioritization struggles. To address this challenge, the county partnered with vendor Corcentric to implement its Invoice Management and Cor360 Approval Workflow solutions.

The Corcentric solution provided Olmsted County with complete visibility into the AP process, dramatically increasing processing speed and control over cash flow. The results were significant: invoice processing time was reduced from an average of 25 days down to just 2 days for 90% of transactions. Furthermore, Corcentric's implementation led to an 80-90% improvement in reconciling P-card transactions, greatly enhancing budget accuracy and strategic resource allocation for the county.

Olmsted County