The case studies below show how others have benefitted from partnering with Lucrotec.
CLIENT: Motorcycle Manufacturer
A leading, publicly-traded, motorcycle manufacturer, with both US domestic and international production facilities. The Client markets its products worldwide, and also licenses and markets merchandise under their brand including apparel, accessories, video games, and more.
Nationwide Retailer Sold on Lucrotec APeX™ to Increase Revenue and Streamline Supplier Payments Process.
As an international manufacturing business, the Client regularly processed Supplier payments but did not leverage modern technologies to optimize cashback returns from card payments. In addition, the Client did not have the means to effectively reduce payment processing costs.
To optimize operational efficiencies and lower operational costs, the Client engaged with Lucrotec to complete a preliminary Supplier payment assessment.
The Client submitted historical Supplier payment data to Lucrotec in order to assess and quantify the potential benefits of Lucrotec’s intelligent payment platform, Lucrotec APeX. As expected, the assessment results indicated that the Client could experience multiple benefits with significant bottom-line benefits.
Leveraging the Supplier information provided by the Client during the assessment process, Lucrotec confirmed each Supplier’s preferred payment method and credentials and began the process to take the Client live with Lucrotec APeX.
After a successful implementation, and as predicted by the initial assessment, Lucrotec APeX increased Supplier card participation in excess of 50%, with significant Client benefits:
Increased card payment cashback
Reduced payment processing time
Improved payment security
Reduced payment processing costs
Improved payment reporting and awareness