Finvi has officially disclosed the integration of its Finvi Payments solution into the Artiva RM platform. This cohesive, comprehensive solution will help accounts receivable management (ARM) departments bridge the divide between their fundamental operational systems and payment platforms.
Finvi Payments empowers agencies to enhance revenue recovery by offering uninterrupted payment plans, eliminating the need for manual reversals, and simplifying reconciliation challenges.
Dan Ward, Vice President, Payments Commercialization at Finvi said, "This strategic union of our two world-class products fulfills the implicit promise of what it means to have payments and a core application underneath the same umbrella."
[Source – Cision PR Newswire]
Dan Ward emphasized that this increase in development speed, made possible by the seamless closing of the gap between the two, not only enables the quicker provision of features and functionality but also frees up resources for more innovative, value-added projects, reducing the need for people to spend excessive amounts of time on pointless tasks and allowing them to provide value to the agency in a variety of ways.
Finvi Payments' industry-leading solution has three essential parts: Account Updater, which checks and updates card information automatically without the customer's help; Automatic Payment Reversals, which keep Artiva RM up to date in case of payment returns; and an Advanced Payments Reconciliation Report, which speeds up the reconciliation process by showing when payments clear and how much money each client has so that employees can focus on new accounts.
About Finvi
Finvi has been a leading provider of enterprise technologies that streamline and expedite revenue recovery for clients in healthcare, government, accounts receivable management, and financial institutions for over 40 years. Process automation and modern tools for communication and payments that focus on compliance are used to develop creative solutions based on a service- and innovation-centered approach that puts people first. This empowers thousands of clients to generate more significant revenue at reduced costs, facilitating the achievement of their business goals through effective engagement with those who pay.