Cambro is a privately-owned manufacturing company located in Huntington Beach, California. Sixty years ago, Cambro offered a single product, Camtray. Today they offer a wide range of trays, table service and display items, storage, shelving, merchandising and insulated transport products. They also offer innovative ware washing systems and healthcare meal delivery solutions. Their sales are approximately $350 million annually and they process an average of 1,000 invoices a week.
Prior to working with Corporate Spending Innovations (CSI), Cambro was processing payments with daily check runs using paper checks, which was a costly and time consuming manual process. They lacked the ability to send payments electronically, except through a manual wire process. Their Accounts Payable Department prides themselves on making payments in a timely manner to take advantage of all discounts offered by their vendors. However, they have a small, lean team of only two AP processors and needed a more innovative, advanced, and automated platform that would save time and create efficiencies in their payments process.
Cambro’s goal was to pay vendors automatically by ACH (Automated Clearing House) using the data that was generated by their current check run process. In addition, they planned to pay card accepting vendors with virtual cards because of the potential for cash rebates. Cambo’s Bank, Bank of the West (BOTW), referred them to CSI, one of the bank’s fintech payment processing partners. VPAYO, their new platform with CSI, was a solution that met their needs.