Case Study: Amarillo National Bank slashes $10,000 in annual write-offs and saves $12,000 in labor with Wasp Barcode Technologies' Wasp Inventory Control

Financial institution solves write offs using Wasp Inventory Control

Amarillo National Bank, founded in 1892 and the largest family‑owned bank in the U.S. with headquarters and 13 branches in Texas, was struggling with a manual inventory and procurement process. Purchasing relied on complex Excel workbooks to manage roughly 160 items from 50–60 vendors, which caused frequent data errors, billing delays and "tens of thousands" of dollars in annual inventory write‑offs, plus substantial staff time spent reconciling spreadsheets.

The bank deployed Wasp Inventory Control to set minimum reorder levels, auto‑generate purchase orders, scan receipts against POs and apply accurate item costing. The system cut write‑offs to just a few hundred dollars a year (about $10,000 eliminated), saved roughly 16 hours per month (about $12,000 annually) in labor, and dramatically sped up receiving, costing and billing—producing reliable reports and enabling better vendor negotiations.

Amarillo National Bank

Cody Cadenhead

Amarillo National Bank