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In just three months, due to the streamlined capabilities and spend optimization of Corcentric Payments, this energy provider was able to recover the entire cost of conversion to electronic payments.

Presented with the goal of transitioning 1,100 suppliers to electronic payments, Corcentric Payments helped this company meet that goal and more, converting 23,500 transactions to electronic payments.

This Fortune 500 manufacturer was able to achieve 75% conversion of check payments to electronic payments in less than 90 days by implementing Corcentric Payments.

Concerned with the cost and inefficiency of paying suppliers with paper checks, this diversified manufacturer implemented our digital payment process and realized an 85% reduction in the cost of initiating supplier payments.

Converting to electronic payments not only saved time and money; it also resulted in a better customer experience.

Implementation of Corcentric Payments results in the conversion of over $60.9 million in spend to electronic payments, eliminating the cost an inefficiency of paper checks.

Within one year of implementing Corcentric Payments, more than 3,900 of the customer’s suppliers converted to electronic payment, leading to the elimination of over 84,000 paper checks.

Know exactly what your cash flow will be each month, without the need to resort to external investment or finance.

See how Corcentric enabled Daimler to drive down DSO from 37 days to 15 days.