AP Payments-as-a-Service Fintech Finexio Announces Partnership with Source-to-Pay Software Solution Leader Proactis
The solution enables superior control over AP consumption and cash flow by automating payment and settlement of payments to suppliers, quickly and securely.
ORLANDO, Fla., March 30, 2023 (Newswire.com) –
Proactis, the leading provider of Source-to-Pay software solutions for mid-market organizations, and Finexio, the leading payments-as-a-service company for digital accountants (APs) today announced a strategic partnership that expands Proactis’ end-to-end software platform offering that includes an AP payment solution that controls and optimizes AP spend and cash flow while eliminating costly, manual processes from business-to-business (B2B) payments.
Enabled directly by Finexio’s B2B payments technology, the payment solution will be added to the Proactis suite of solutions for mid-market organizations, helping to optimize consumption and supply chains to reach their full potential. Proactis Rego Payments provides a streamlined AP payment experience, driving higher returns by eliminating fraud-prone paper checks, manual processes and lower payment costs. The fully integrated, streamlined AP payment experience covers a wide variety of payment types and channels, including ACH, wire transfer, virtual cards and paper checks.
“Mid-market organizations face many of the same AP challenges as larger enterprises,” said Michael Ereli, U.S. CEO of Proactis. “Providing an easy-to-deploy, secure and reliable Payments-as-a-Service offering sets us apart from other mid-market procurement providers. By expanding our AP Automation offering to include payments to suppliers, our customers can enjoy the same cost – savings that much larger entities can benefit from through traditional banking relationships.”
“We are excited to work with Proactis, a globally recognized Source-to-Pay leader known for its product vision and ability to execute with mid-sized companies,” said Ernest Rolfson, CEO and founder of Finexio. “The momentum that Proactis and Finexio are both experiencing in delivering automated workflows to transform business operations will now be extended and shared together with the launch of a market-leading embedded payments offering.”
In terms of the payment lifecycle, Finexio’s integrated payment solution also offers Proactis customers high-touch vendor enablement, fraud and risk detection, payment-specific strategic account management, payment operations and settlement support, as well as payment and bank data security capabilities.
About Proactis
Proactis is the leading provider of Source-to-Pay software solutions for mid-market organizations across a range of service-led industries.
Proactis’ end-to-end modular platform enables customers to control consumption and manage supply chain risk; improve compliance and management of their procurement activities; reduce the cost of goods and services; and deliver efficiency, all through process digitization and automation.
Proactis serves a rapidly growing customer base of over 1,100 corporate and public sector organizations and 2 million suppliers, with over 3 million users in over 100 countries across the UK, Europe, North America, New Zealand and Australia. Learn more about Proactis at www.Proactis.com or follow them on LinkedIn.
About Finexio
Finexio is the leading AP Payments-as-a-Service company focused on providing end-to-end payment capabilities embedded in procurement, AP software platforms and financial institutions. This built-in electronic payment solution represents a major disruption to traditional disjointed manual-based AP processes. Finexio’s modern, efficient service model, robust API, SSO capabilities and total payment solutions translate into high-margin revenue streams and a strong competitive position for partners. Learn more about Finexio at www.Finexio.com or follow them on LinkedIn.
Source: Finexio
