Case Study: Yokohama Tire Corporation achieves spend optimization and cash unlock with Corcentric Payments

Yokohama Tire Corporation unlocks nearly $4 million with Corcentric Payments

A leading technology expense and asset management company was struggling with an inefficient and non-scalable payment process. After unsuccessful attempts to build an internal solution and outsource to other providers, they turned to Corcentric and its payment network solution to gain control and optimize their spend.

Corcentric implemented its payment network, which featured automated bill pay using Robotic Process Automation (RPA), interchange optimization, and financial modeling. This solution eliminated manual labor and provided a reliable payment network. As a result, the company achieved nearly $4 million in revenue rebates from Corcentric paying just a portion of its bills over a year and a half, freeing up time for more strategic work and enabling significant spend optimization.

Yokohama Tire Corporation