Case Study: Würth Canada cuts AR processing time by 75% and saves up to $15,000 CAD/month with Versapay

How Würth Canada Reduced Time Spent on Accounts Receivable by 75% Thanks to Mobile Check Processing

Würth Canada, a distributor of fasteners, tools and PPE serving 40,000 customers across Canada through 470 field sales reps, faced high costs and lost selling time collecting and forwarding checks to head office. Checks remained the preferred payment method, often accompanied by lengthy remittance advices, making courier fees and manual reconciliation both expensive and time-consuming as the company scaled toward aggressive growth targets.

By implementing Versapay’s mobile check deposit and advanced cash application, Würth eliminated inbound courier costs and automated reconciliation. The company now deposits checks in 30–60 seconds, saves CAD 10–15K per month in courier fees, cut AR processing time by 75% (from ~16 to ~4 hours daily), reclaimed hundreds of rep hours, avoided hiring additional staff, and achieved a payback within the first month—while improving data visibility and customer service.

Würth Canada

Michael Malone

Credit Manager and Company Compliance Officer