Case Study: TEC Equipment saves $100,000 and 640 manual labor hours with Corpay One

TEC Equipment truck dealerships secure $100,000 in savings using Nvoicepay for vendor payments

TEC Equipment, a Pacific Northwest truck and trailer dealership with $700M in revenue, faced major accounts-payable bottlenecks after expanding across branches: up to 500 paper checks per month, manual check runs requiring multiple in-person signatures, and poor visibility into payment status. To address this, TEC partnered with Corpay One, deploying Corpay One’s Nvoicepay payment automation to replace paper processes and enable remote approvals.

Corpay One’s Nvoicepay solution centralized payments, provided instant reporting and reissuance options, and enabled electronic approvals from anywhere, eliminating the need to cart boxes of checks. As a result, TEC Equipment saved 640 manual labor hours (about 54 hours per month), secured $100,000 in card rebates, reduced bank fees and check-fraud risk, and freed AP staff to focus on higher-value work.

TEC Equipment

Gina Walker

Chief Financial Officer