In this case study, read how Columbus City Schools and Fifth Third Bank teamed up to increase efficiency and strengthen supplier relationships through electronic payments.
Giving suppliers more payment options
Ohio’s largest school district, Columbus City Schools, was making 100% of their accounts payable (AP) payments by paper check. After engaging Fifth Third’s Expert AP solution, Columbus City Schools generated savings of 35% compared to their previous manual process and it helped them achieve 106% of their goal for total spend volume.
“Within the first year, we reduced our total paper check processing velocity by 90%. Our new system allows suppliers to pick the payment that they want.” —Stan Bahorek, CFO, Columbus City Schools
With Fifth Third’s Expert AP, companies can:
- Improve cash flow
- Streamline end-to-end payment processes
- Reduce costs
- Increase defenses against fraud
- Strengthen supplier relationships