Worldwide Produce

"Finexio is a lifesaver!"

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Worldwide Produce CFO

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$150M+ to

$0 in check payments

Worldwide Produce went from $150M+ to $0 in annual check payments from day one.

Finexio customer since

2021

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.

Before Finexio

The Challenges

Upon assessing their accounts payable, it became clear that the use of manual, paper-based processes presented an opportunity for modernization and savings, but an effective solution was not necessarily clear.

Paper checks

Over $150M AP spend on paper checks.

Lacking automation

AP processes heavily manual

Wasted time

CFO spent hours signing checks each week.

With Finexio

The Solutions

They decided to partner with Finexio, embracing new technology with the goal of streamlining their AP processes and improving supplier communication.

Digital payments

Finexio’s supplier enablement and support team developed a tiered supplier segmentation analysis and outreach strategy to increase digital payment adoption.

Custom onboarding

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.

No more waste

100% of supplier spend targeted, opening up greater opportunity for early payments and cash back.

Today

The Results

From April 2021 to date.

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67%

total AP spend moved to electronic payment methods

$131.2M

in annual AP spend processed by Finexio

27K+

invoices paid

It's time to make your AP spend work for you.

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