Ardent’s P2P Technology Round-Up returns today with another assortment of ePayables, procure-to-pay (P2P), and B2B payment solution provider news and updates from the past week. If you are an Accounts Payable (AP), B2B payments, or spend management solution provider and you have news to share with us, please drop us a note at editor at cporising dot com. Thanks, and enjoy!
Comdata Introduces New AP Automation Solution
Comdata, the B2B payments provider, and a subsidiary of FLEETCOR Technologies, this week introduced “ASAP”, its new AP automation solution. The Brentwood, Tennessee company designed the solution to work with a its existing accounting software to make AP more centralized, electronic, and simple. The new “Automated Streamlined Accounts Payable” solution will help companies eliminate manual processes, minimize errors, and increase financial security. ASAP leverages the payments and invoice management solutions that Comdata, and partner AvidXchange, already have to meet the growing business needs of small and mid-market enterprises.
Nvoicepay Partners with MasterCard to Deliver Intelligent Payment Automation
Nvoicepay, an Oregon-based provider of payment automation software, has recently announced an enhanced partnership with global card provider, MasterCard. Through this strategic partnership, MasterCard will support Nvoicepay’s payments solution as a leading choice for enterprise customers, and will enhance Nvoicepay’s banking partnerships through the use of its virtual card platform, MasterCard in Control. Nvoicepay provides payment automation software that enables businesses to make payments to suppliers in a streamlined and secure way. The partnership with MasterCard should expand Nvoicepay’s capabilities, as they will now be able to leverage MasterCard’s virtual card platform.
Chrome River and Yatra Partner on Mobile Expense Management Solutions
Chrome River, the California-based provider of expense and invoice management solutions, has recently announced a new partnership with Yatra Online to deliver new expense automation solutions for businesses in India. Yatra Online is one of India’s leading online travel companies, and through this partnership, will resell Chrome River’s EXPENSE solution as part of an integrated travel booking and expense management solution on Yatra’s Self Book platform. The EXPENSE solution will give Yatra corporate customers an automated booking experience, enforce better expense policies, and help reduce spend. The partnership should also provide organizations with best-of-breed technology solutions, combined with local expertise to help with the specific needs of Indian organizations.
Wirecard Launches New Blockchain-Based Supply Chain Payment Platform
Wirecard, an international payments provider with headquarters in Germany, has recently launched an updated supply chain payment solution. Wirecard is expanding its existing digital payment and banking platform with services based on Blockchain technology. The solution focuses on linking merchants with producers, and captures business processes with “smart contracts” based on Blockchain. With experience in payment processing within the travel and mobile industry, Wirecard will be able to provide further services with application examples to the Blockchain. The technology can be used to establish a secure, decentralized, and efficient method for making payments.
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