9thWonder is a full-service strategic marketing and advertising agency that operates across seven offices worldwide. Over the past few years, they have experienced rapid growth, averaging one acquisition a year and reaching nearly 250 employees. With such quick expansion, they witnessed an increase in media spend and faster-paced operations. As a result, the 9thWonder finance team experienced thousands of invoices that varied in payment method and constantly shifting terms.
CFO of 9thWonder, Breck Templeton acknowledged that they needed more support. “The previous provider that we had was already in place, but they weren’t doing a good job at all. So I jumped in with both feet, and learned what was happening, and got involved in the process. We eventually decided to bid the business out, and when we looked at FastPay and a couple of their competitors, it was an easy choice.”
Leveraging proprietary data from 60,000+ media suppliers and buyers, FastPay was able to capture additional spend with 532 new suppliers while optimizing the payment process along the way. FastPay’s automated payment technology saved 9thWonder nearly 400 hours that otherwise would have been spent manually entering payments into supplier portals.
Additionally, FastPay’s 24/7 customer support team monitors all supplier payments and follows up directly to ensure processing. Breck Templeton, CFO of 9thWonder noted, “The service element is very important to me, and FastPay really understands service. They deliver on what they say and are available when we need them. I can trust FastPay as a partner.”
Following their transition to FastPay, 9thWonder has experienced the highest payment throughput, revenue share, and invoice approval in their history. But they’re not the only ones, check out more case studies here and find out why other top media agencies rely on FastPay.
Thank you to 9thWonder for being such a great partner!