ACME Bedding & MoneyVue

Acme Bedding manufactures mattresses in a small Texas town. They have 70 vendors and pay an average of 85 invoices per month, totaling $400,000.

  • They paid their bills on time (30 days) but couldn't capture any discounts
  • They paid bills every Friday
  • They had no effective way to track and schedule payments and deadlines

Acme gives MoneyVue permission to call 60 of their 70 vendors to negotiate better payment terms. Meanwhile, our support team trains Acme's accounting staff on MoneyVue's simple, web-based software. Acme then pays a few invoices using a trial version of MoneyVue; as they become more comfortable with the process, they add more invoices each month.

  • All 60 vendors are now paid electronically by MoneyVue
  • 47 vendors offered an average discount of 2.81% on payments received within ten days
  • Thirteen vendors offered no discount

In just seven months, MoneyVue has already significantly improved Acme's cash flow process. They still pay their bills on Friday, but now it takes much less time. They also still pay invoices in 30 days, but now they pay their bank instead of their vendors. After paying bank interest and fees for the line of credit, Acme now saves an average of $5,968 each month in early payment discounts.

* Acme is a fictitious name that represents a real MoneyVue&trade client; the results are real.

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