U.S. Bank Corporate Payment Systems

U.S. Bank helps retailers and apparel manufacturers streamline payments to reduce costs and manage risk

In today’s challenging business environment, retailers and apparel manufacturers are zeroing in on the purchasing function looking for ways to cut costs. Maintenance, Repair & Operations (MRO), corporate travel and fuel expenses are all tempting targets. Retailers and apparel manufacturers are also trying to strengthen relationships with key suppliers and enhance working capital so they can do more with less.

All of these goals can be accomplished by partnering with U.S. Bank. Our commercial cards and payment solutions provide the resources clients need to cut costs, enhance cash position and mitigate risks.

For instance, L.L.Bean eliminated 30,000 invoices per year and grew purchasing card spend from $3 million to $23 million after switching to U.S. Bank. As a result, the company streamlined the purchasing process and saved hundreds of thousands of dollars in procurement costs.

Contact your U.S. Bank representative for a payment program audit and more information about U.S. Bank commercial solutions.