Create Rebates and Incentives from your Supply Chain

Retail Chain

Create Rebates and Incentives from your Supply Chain

Buyer Initiated Payments (BIP) Reduces Check Expense and Generate Rebates Rapidly

THE CHALLENGE

Grocery and general merchandise retailers depend heavily on supply chain efficiency to keep cash flowing and generate margins. One of the largest supermarket and general retail chains in the U.S. wanted to eliminate the cost of issuing, delivering and managing paper checks, maximize the automation of their process across procurement and integrate their accounts payable activities.

THE SOLUTION

Priority Commercial Payments implemented a custom supplier campaign on the CPX Platform to maximize the automation of their accounts payables process across procurement and AP activities.  While traditional programs only reach a small segment of suppliers, CPX Integrated Payments facilitate flexible payment processing that supports multiple payment options from a single payment instruction file (PIF) and easy to use platform – allowing customers the ability to reach 100% AP automation and payments integration. 

Payment options include:

Virtual Card

ACH+ (Flat Basis Point Fee)
CPX Direct 
ACH
Dynamic Discounting
Proxy Pay
Check Processing
Wire

Results:

  • BIP processing volume per month: $5 million
  • Checks Converted to ePayments: 6,600
  • Suppliers Enrolled in BIP Program: 542
  • Annual Rebates: $600,000
  • Annual Check Expense Savings: $80,000

The chain has reduced paper checks and administrative costs while generating rebates, value that continues to grow — and is targeted to double — within the next 12 months. 

They achieved these volumes rapidly by engaging Priority Commercial Payment’s custom Commercial Payments Supplier Campaign on the CPX platform.

As an added benefit, BIP provided efficiencies to their supplier partners by automating the processing of transactions while providing them with payment acceleration. 

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