Programmable payments: Unlocking working capital efficiency
How a mid-market B2B company achieved faster payments and smarter cash flow with Paywhere
Mid-market B2B companies lose hundreds of thousands of dollars annually to delayed payment settlements and manual reconciliation. Paywhere equips banks and credit unions to deliver real-time payments and automated reconciliation to their commercial B2B customers in a single stack.
Challenge
A mid-market B2B company generating $30M in revenue relies heavily on their trusted community bank. However, the local institution lacked modern payment rails. Instead, it relied on traditional ACH, wires, and checks, which created a two-to-three-day settlement lag.
This delay trapped the B2B client’s working capital and was hurting their bottom line. For a business with $30M in annual receivables, a two-day delay at a 5.5% cost of capital created about $90,000 a year in implicit float costs. Beyond the float, the finance team was spending unnecessary time on manual reconciliation. The company was holding excessive cash buffers because they could not accurately forecast their cash position. They also missed out on lucrative early-payment discounts.
Solution
Paywhere embedded real-time payment, immediate settlement, and automated reconciliation directly into the customer's bank.
Paywhere delivered:
Fund settlements in seconds
Automatic payment matching
Real-time cash visibility
Impact
By adopting Paywhere’s real-time payment and reconciliation module, the mid-market B2B company transformed how they managed their financial operations. The business successfully eliminated costly payment float and reduced manual processing overhead while maintaining its trusted, long-standing relationship with its community bank.
The result? Instant settlement, precise cash forecasting, and over $350,000 in annual working capital savings unlocked almost overnight.
“With Paywhere our trusted bank, whom we have a longstanding relationship with, was able to provide our business with same-day settled payments and automatic reconciliation. It transformed how we manage our working capital.”
