Worldwide Produce went from $150M+ to $0 in annual check payments from day one.
Worldwide Produce is a leading distributor of the highest quality fresh fruits, vegetables, dairy products, and specialty foods to local restaurants, chains, hotels, golf courses, entertainment venues and catering facilities across the Western United States.
Over $150M AP spend on paper checks.
AP processes heavily manual
CFO spent hours signing checks each week.
Finexio’s supplier enablement and support team developed a tiered supplier segmentation analysis and outreach strategy to increase digital payment adoption.
Multi-touch campaigns to suppliers promoted the importance of electronic conversion with Virtual Card as the primary choice and ACH as a secondary option in order to move as much spend off of paper checks as possible.
100% of supplier spend targeted, opening up greater opportunity for early payments and cash back.