U.S. Bank Corporate Payment Systems

U.S. Bank helps manufacturers streamline their payment programs to lower costs and boost efficiency

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With the economic downturn spreading worldwide, manufacturers are urgently searching for ways to cut costs and increase efficiency. Payment processing can be a quick win. Whether it is re-invigorating an existing program or implementing an entirely new commercial card program, the savings potential is huge.

After a U.S. Bank A/P Analysis, General Mills saved $2.10 per transaction in their commercial card program.

For instance, by moving small dollar indirect spend out of the traditional payment process and into a
less expensive purchasing card program,
General Mills saved an estimated $2.10 per transaction. Multiply that by the thousands of small dollar transactions that occur across the organization every year and the savings is significant and permanent.

Contact your U.S. Bank representative for a payment program audit and more information about U.S. Bank Corporate Payment Systems.

Resources
Manufacturing Industry Facts
Manufacturing is responsible for more than 70% of private sector research and development.1
Productivity in the manufacturing sector has increased more than 50% over the past decade.1
Wages and benefits in the manufacturing sector are about 25% higher than other sectors.1
National Association of Manufacturers
www.nam.org
Fabricators & Manufacturers Association, International®
www.fmanet.org
Institute for Supply Management
www.ism.ws
U.S. Bank
1. "Facts About Modern Manufacturing" nam.org.