CommercePayments

Dallas,  TX 
United States
214-220-7106
http://commercebank.com/payments
  • Marketplace Space:V32

We’re dedicated to empowering the payments strategies of education systems across Texas, and that’s why our team of consultants makes the difference in helping you navigate complicated payment challenges.

Whether you’re looking to earn additional revenue through electronic payment types or completely automate your AP/AR processes, our consultants will be there to guide you through every step along your payments journey.

CommercePaymentsTM solutions are provided by Commerce Bank.


 Videos

CommercePayments Welcome Video for TASBO Engage 2021

 Show Specials

  • (Dec 15, 2020)

    Enter our below raffle for your choice of Kendra Scott, Cabela’s or Amazon $50 gift card! 

    Enter to Win: https://solutions.commercebank.com/l/82462/2021-02-08/5ql6kg  

    Get a complimentary spend analysis – Earn revenue by paying suppliers.

    Contact us today for a complimentary analysis on how your district pays your suppliers. Our spend analytics service can provide you with more insight into your payments. We compare your 12-month spend file to our extensive supplier network to forecast your savings and revenue opportunities with our CommercePayments™ AP program. Already have an AP program? See how we work alongside your primary provider to capture revenue being left.


 Press Releases

  • MESQUITE INDEPENDENT SCHOOL DISTRICT
    MESQUITE, TEXAS

    Among Texas school districts, Mesquite Independent School District is a role model. In fact, it’s only the fourth school district ever to receive the Texas Award for Performance Excellence from the state chapter of the Baldridge Performance Excellence Program.

    But even that doesn’t make Mesquite immune to the financial challenges all schools face. Even so, Vickie Stafford was skeptical when she learned the district could earn cash rewards by using a new electronic payment system that Commerce Bank claimed was compatible with the district’s existing accounting software.

    “I thought it was too good to be true,” recalls Stafford, the district’s accounting supervisor. “Turns out, I was wrong.”

    Commerce’s solution called for the district to forgo writing checks, paying participating vendors instead through an electronic payment system backed by Visa fraud protection.

    “The impact on the accounts payable entry process did not change,” Stafford says.

    Today, the district pays for everything from computers to its water bill using the system and is adding new vendors each month. “We haven’t had to change a thing,” Stafford says.

    In 2017, Mesquite received $160,000 in revenue share checks, which it divided among its 32 elementary, seven middle and five high schools, to use as they see fit.

    “Commerce took the time to make sure I understood how the new payment system would interface with our existing software. It’s done everything they said it would. Commerce has exceeded our expectations in every way.”

    Vickie Stafford
    Accounting Supervisor
    Mesquite Independent School District

    __________________________________________________________________________________________________________________________________

    NORTH SHORE SCHOOL DISTRICT 112, HIGHLAND PARK, IL -

    North Shore School District 112 has provided excellent education in the Highland Park, Highwood, and Ford Sheridan, Illinois communities. In order to stay focused on its mission and boost cash flow, the district trusts CommercePayments™ with its accounts payable strategy.

    CFO Chris Wildman shares his experience:

    “School districts suffer from stagnant growth in state and federal funding and our local funding is capped, so we need to seek out other sources of financing to deliver on our mission. I knew that we needed to look at Commerce’s AP Card, as I had worked with the program at my last two school districts. I was aware of the multiple benefits of payments automation, so I was eager to bring in a trusted financial partner. It was a no brainer to reach out to my trusted source at Commerce Bank.

    When I presented the idea to automate our accounts payable to my Board of Education, they were immediately enthusiastic and supportive. In fact, the Board President stated how prevalent these programs are in the private sector and knew that the district was missing out on savings and revenue.

    There are many benefits of the program. It is zero cost to join, it was almost no administrative burden to implement, and Commerce did all the legwork in enrolling our vendors to participate. There is no extra ongoing work beyond our traditional accounts payable process and we cut down on the paper checks, which helps our cash flow while we receive a monthly revenue rebate. Plus, our vendors get paid more quickly now than with our previous process, so it really is a win-win for everybody.”
     

    For more information on how accounts payable solutions can pay you as you pay others, contact a CommercePayments™ representative or visit us online at commercebank.com/payments.


 Products

  • CommercePayments™ AP Solutions
    Transitioning from manual to automated accounts payable can play a vital role in turning your AP department into a profit center. Check out these CommercePayments™ solutions that can invigorate your AP department.

    AP Card
    Payment Hub
    AP Invoice Automation...

  • AP Card: Provides acceptance options to fit your vendors’ payment needs. Whether you pay vendors on a regular basis or need to accommodate a one-time/point-of-sale purchase, the flexibility of an AP card will improve vendor relationships while maximizing your card volume and overall revenue share potential.

    Payment Hub: Interfaces with your accounting system, helping you create an automated payment strategy that saves your company time and money. With a single payment file, suppliers can be paid with a virtual credit card, ACH or check.

    AP Invoice Automation: Offers automation to make a big impact on your business. Employee work hours, physical storage costs, time spent auditing are all significantly reduced.

    View more at: solutions.commercebank.com/commercepaymentsAP

Questions about TASBO Marketplace & exhibiting? Contact Kathy Swanson, Director of Partner Relationships, kswanson@tasbo.org or 512-617-0073.

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