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Advanced payment solutions drive value and savings

Success story - snapshot

Industry: Manufacturing company

Service: Strategic Meetings Management

Location: 9 countries in 4 regions


  • Implement a global payment solution ecosystem
  • Optimize pay terms and rebate potential


  • CWT M&E had successfully implemented a centralized SMM program using a lead agency model with integration of internal planning team
  • Company policy moving from 45 day payment terms to 60 days with pushback from key suppliers
  • Client needed a consolidated payment strategy to optimize cash flow, drive efficiencies and integrate data


  • Collaborated with finance leaders to evaluate payment options with impact on cost, user ease, controls and cash opportunity
  • Recognized successful P-card process within other divisions
  • Created hybrid P-card solution of physical, virtual and prefunded cards, mainly dependent on meeting type, with procure-to-pay used for ancillary items, such as marketing/promo products


  • Achieved cash held days of 69 days on average
  • Increased compliance by 28%
  • Delivered incremental savings of 4.8% (cash optimization, reduction in resources supporting manual PO and reconciliation process)
  • Increased customer satisfaction to a 4.6 rating on a scale of 5

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