Case Study: American Fast Casual Restaurant Chain achieves $60,000 annual revenue boost and enhanced payment security with Corcentric

Restaurant chain beefs up revenue and security with payments solution

American Fast Casual Restaurant Chain, a public fast-casual operator with more than 70 locations, was burdened by a paper-based, time-consuming accounts payable process. After their new CFO recommended digitization based on prior experience, they engaged Corcentric and its electronic bill payment/electronic payables solution to streamline payments and improve security.

Corcentric implemented an electronic payables program offering suppliers virtual credit card payments (50 suppliers enrolled) and a 12-point StopFraud™ validation to reduce fraud, while streamlining the PO-to-payment cycle. The program delivers a 1.07% rebate per processed payment—about $60,000 in additional revenue annually—reduces time spent resolving fraud issues, and positions the American Fast Casual Restaurant Chain to add ACH and check-printing options through Corcentric as it continues to grow.