Case Study: Morgan & Morgan achieves 177% increase in e-payments and $160K in savings with Finexio

177% increase inelectronic payment acceptance

Morgan & Morgan, a large plaintiffs' law firm with more than 300 attorneys across nearly 40 offices in 10 states, faced low supplier enrollment and missed savings using their bank's payment program. To increase electronic payments, reduce costs, and create revenue inside their accounts payable function, Morgan & Morgan partnered with Finexio to streamline supplier payments.

Finexio’s platform identified payment opportunities the bank missed, enrolling 447 additional suppliers and driving a 177% increase in electronically paid suppliers and a 58% first-year increase in e-payment enrollment. Finexio’s solution generated $160K in savings and revenue from eliminating paper check costs and $116K from reduced duplicate payments while speeding processes and preserving supplier relationships.

Morgan & Morgan

Jason Kimmel

Chief Financial Officer