Finexio's 24/7 support enabled optimal supplier communication.
From the beginning, Clark Hill and Finexio worked with seamless collaboration, working with Finexio’s 24/7 onboarding and supplier enrollment team to segment suppliers for an effective campaign launch.
Clark Hill is a multidisciplinary, international law firm that draws on their attorneys’ comprehensive industry and policy knowledge and a global network to provide innovative legal solutions and client-service excellence worldwide.
The law offices of Clark Hill follow several guiding principles, from providing more than what’s expected of them, to focusing on building and maintaining strong relationships. These principles extend to their relationships with their suppliers and how they interact with them, including the way they pay them.
Clark Hill wanted to make sure that no shortcuts were taken when it comes to their suppliers.
Trends of innovation were obvious, and Clark Hill wanted to keep up in AP
Rising costs of paper checks were a glaring issue, heightened going into their solution search.
From the beginning, Clark Hill and Finexio worked with seamless collaboration, working with Finexio’s 24/7 onboarding and supplier enrollment team to segment suppliers for an effective campaign as well as to define optimal communication strategy and prioritization.
Finexio and Clark Hill worked hand-in-hand to make sure no stone was left unturned in optimizing their AP payments.
Finexio's 24/7 Onboarding and Supplier Enrollment teams worked diligently to establish improved supplier communication to foster digital payment acceptance increases.
Security was key in addition to speed in making sure suppliers were comfortable in taking value-adding digital payments.
Within the first six months of launching, over 30% of their suppliers were enrolled in electronic payment methods, working towards the goals of hard dollar cost savings and improving supplier relationships by improving the speed and security of the payments they receive from Clark Hill.
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Rate of spend enrolled in electronic payment methods in the campaign's first six months.
$12m
Dollars of spend enrolled in revenue creating virtual card payments in the campaign's first six months.
$100k
Captured benefit between revenue share payments and paper check elimination cost savings.
