Case Study: Connolly’s RED MILLS speeds up supplier payments with TransferMate Global Payments

Connolly’s RED MILLS cuts supplier payment time from 2–3 hours to 15–20 minutes with TransferMate Global Payments

Connolly’s RED MILLS, an Ireland-based manufacturer of high-performance animal feed operating in over 80 countries, faced a highly manual and time-consuming foreign payment process. Their accounts payable team spent hours manually obtaining FX rates and processing individual supplier payments through their bank and SAP system. To streamline this, they partnered with vendor TransferMate Global Payments and utilized its integration with their SAP platform.

By implementing TransferMate's integrated payment solution, Connolly’s RED MILLS automated their entire AP workflow. The solution allows them to upload a payment proposal from SAP directly to TransferMate, which handles the FX and facilitates the payments. This reduced the time to pay 20 foreign suppliers from 2-3 hours down to just 15-20 minutes. TransferMate also provided measurable cost savings through preferential FX rates and eliminated manual errors, significantly improving efficiency for their finance department.

Connolly’s RED MILLS