PAYMENTS
REPAY | July 15, 2021
Repay Holdings Corporation, a leading provider of vertically-integrated payment solutions, announced today the integration of its Vendor Payments Automation solution into Acumatica, a leading cloud ERP company, allowing small and midsize businesses to streamline accounts payable processes, optimise internal workflows, and securely pay vendors and suppliers.
By extending REPAY's connection to include vendor payments automation, Acumatica users will have access to a full vendor enablement solution that includes AR and AP payment automation capabilities. Businesses may pay suppliers more efficiently and transparently by simplifying outbound payments, saving time and increasing their bottom lines. Furthermore, by configuring different restrictions and removing the need to send sensitive credit card or bank account information to hundreds of suppliers, organisations employing the integration may considerably minimise their exposure to fraud threats.
“By adding accounts payable solutions to our current connection with Acumatica, we are continuing our commitment to making transactions easier for our clients while lowering costs and boosting revenue,” said Darin Horrocks, SVP, B2B, REPAY. “We are excited to continue our partnership with the Acumatica team as a sponsor of their annual Acumatica Summit.”
The Vendor Payments Automation solution in Acumatica allows for the development and approval of payment groups and invoicing, as well as automatic reconciliation and bespoke reporting.
REPAY is a premier sponsor of Acumatica Summit 2021 and will demonstrate its integrated AR and AP automation solutions from July 18-23, 2021 in Las Vegas, Nevada.
About REPAY
REPAY serves verticals with particular transaction processing demands with integrated payment processing solutions. REPAY's unique, integrated payment technology platform simplifies electronic payments for retailers while improving the entire customer and company experience.
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FINANCIAL MANAGEMENT
Dynatos, Coupa | February 16, 2021
Dynatos is a leading strategic partner for optimizing and automating financial business processes. It has been named by Coupa as a Certified Reseller Partner. The Coupa platform exclusively handles every aspect of the procure-to-pay process, which enables customers to spend smarter and hasten growth. Dynatos and Coupa collaborated for reselling and implementing Coupa's Business Spend Management software to provide end-to-end solutions for customers.
Today, customers are in demand for a low-effort digital buying experience. The current worldwide pandemic made customers ensure a risk-free business so that their business activities continue to function to the fullest potential. For this, risk management, efficiency, and compliance are more important than ever. Therefore, streamlining business processes are impactful optimizations.
Coupa has been helping organizations transform information-intensive procurement processes across various business units. It has been known for reducing risk, manual works, errors, inefficient costs of its clients associated. With this, it also made their business possible to improve the procurement efficiency as well as adaptability. On this new mid-market collaboration, De Vries mentions that tight integration with Routty and ReadSoft Online solutions drives even more value from the financial processes. The Routty platform together with Coupa gives organizations true digital transformation potential. It enabled transformation to e-invoicing with the help of artificial intelligence. Also, making it smarter, faster, and thus, delivering more value than before.
Coupa's Business Spend Management platform combines complicated global sourcing with a powerful and easy-to-use e-procurement platform. This enables it to manage supplier contracts, invoices, orders, expenses plus business-to-business payments and financing. Therefore, Coupa is an all-in-one proficient Business Spend Management platform that helps organizations spend smarter and faster.
On the other hand, Dynatos is known as a leader in optimizing and automating financial processes. With over 500 international customers and offices in the Netherlands, Iberia, Belgium, and the Nordics, Dynatos helps customers to restructure all the financial aspects. It gives employees more time to work on value-adding activities. With the solutions and approach of Dynatos, it aims for a long-term partnership as a trusted advisor.
The Coupa platform and Dynatos expertise together will be able to automate their purchase-to-pay processes end-to-end. Also, it will be integrating other financial automation solutions from the current portfolio such as Routty and ReadSoft Online. On this David Wolstencroft, VP EMEA Alliances at Coupa Software mentions that there are certain challenges in the current economic climate along with the opportunities for recovery. And in this, every spending decision counts towards business resiliency and growth. As Dynatos is now a part of the Coupa Certified Reseller community, it is an exciting collaboration that will help European businesses to identify opportunities for operational efficiency and make the best use of the value.
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PAYMENTS
Rapyd | January 31, 2022
Rapyd, a global Fintech-as-a-Service company, announces its acquisition of Hong Kong-based Neat to expand cross-border trading capabilities for businesses globally. Neat is a cross-border trading platform for SMBs and start-ups. The platform enables financial companies to securely incorporate and open an account in Hong Kong to receive and transfer multicurrency funds at competitive rates, issue them to employees, initiate payment gateways, and more.
Rapyd’s global payments network supports over nine hundred methods in over 100 countries. The network also supports global payouts in over two hundred countries. These networks are unique and support entrepreneurs and Small and Medium Businesses (SMBs) to incorporate in new markets quickly online. In fact, by utilizing Rapyd's unmatched payments network and fintech as-a-service platform, businesses and users can engage in regional and cross-border transactions in any market. In addition, the easy-to-use API-based platform simplifies complex cross-border payment processes, which are essential for businesses in the global trading system.
In this venture, Neat’s services, capabilities, and licenses will be integrated into Rapyd’s platform, which will provide easy-to-use online global trading solutions to SMBs, entrepreneurs, and other growing financial companies. With the help of the integration, the user will now be able to streamline payables and receivables across the world in a single venue that offers real-time high-value payments in Hong Kong through CHATS, SWIFT, and FPS. Apart from these, users can accelerate payments to suppliers across Greater China, empower small businesses to initiate their expenditure via virtual and physical virtual cards, and provide businesses to work faster in the capital with an in-wallet credit line.
The completion of the acquisition of NEAT represents a significant step forward in expanding our platform's global capabilities for small and medium businesses. As SMBs have evolved into increasingly complex and ambitious enterprises, the tools they require must advance as well in order to keep pace with the demands of this new wave of 'micro-multinationals.' We will continue to add more tools to our network in order to continue to support these growing businesses."
Arik Shtilman, CEO and co-founder of Rapyd
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