Nuvei launches ERP integration with Microsoft Dynamics 365

Rhea-AI Summary

Nuvei Corporation integrates its B2B technology into Microsoft Dynamics 365 Business Central, enhancing payment methods and streamlining accounting workflows for small and medium-sized organizations. The integration includes invoice matching and cash acceleration tools, enabling shorter DSO cycles and near-real-time payment information. The announcement reflects Nuvei's mission to accelerate customer growth and expand its portfolio of ERP integrations, tapping into the $120tn B2B payments market.

Insights

Financial Analyst

The integration of Nuvei's payment technology into Microsoft Dynamics 365 Business Central signifies a strategic move that could potentially enhance Nuvei's market position in the fintech sector. The ability for businesses to streamline their accounting workflows directly within their ERP system can lead to increased efficiency and reduced operational costs. This integration is particularly notable for its potential to shorten the DSO, which is a critical liquidity metric reflecting the average number of days that a company takes to collect payment after a sale has been made. A shorter DSO generally indicates that a company is able to quickly convert its receivables into cash, improving cash flow and working capital management.

For investors, this development could be seen as a growth catalyst for Nuvei, as it taps into the expanding B2B payments market, which is expected to surpass $120 trillion in volume. The partnership with Microsoft also provides Nuvei with access to a vast customer base, potentially driving user adoption and increasing transaction volumes through Nuvei's platform. The strategic milestone could lead to upward revisions in revenue forecasts and positively influence investor sentiment towards Nuvei's stock.

Market Research Analyst

From a market perspective, Nuvei's integration with Microsoft Dynamics 365 Business Central represents a significant opportunity within the B2B payments space. The collaboration targets small and medium-sized businesses, which are a key segment for both companies, offering a solution that addresses specific pain points such as accounting workflow friction and back-office reconciliation. By providing a more seamless payment experience, Nuvei could see an increase in market share within the niche of ERP-integrated payment solutions.

Additionally, the integration aligns with the broader industry trend of embedding financial services into business software, which is reshaping how companies manage their financial operations. Nuvei's move could prompt competitors to accelerate their own integration efforts or seek similar partnerships, potentially leading to a more competitive landscape. Understanding the dynamics of such integrations and the value they bring to users is crucial for stakeholders looking to capitalize on trends within the fintech and ERP markets.

Technology Industry Analyst

The technological implications of Nuvei's payment platform integration into Dynamics 365 Business Central are substantial. The advanced features such as invoice matching and proprietary cash acceleration tools indicate a sophisticated level of automation that could set a new standard for ERP payment integrations. The near-real-time payment information capability is a significant technological advancement, allowing for more efficient financial reconciliation and decision-making processes.

This integration may also serve as a benchmark for evaluating the effectiveness of embedded payment solutions in ERP systems. It could influence how future technologies are developed in terms of interoperability and user experience within the ERP ecosystem. Businesses that leverage such integrations could gain a competitive edge through improved financial data visibility and operational efficiencies. Nuvei's technology and expertise in B2B payments and ERP systems may become a critical factor for businesses seeking to enhance their financial operations and customer engagement.

Dynamics 365 Business Central customers can now elevate their accounting workflow and payments leveraging Nuvei's B2B technology embedded directly into their ERP

MONTREAL, Jan. 30 2024 /PRNewswire/ -- Nuvei Corporation ("Nuvei" or the "Company") (Nasdaq: NVEI) (TSX: NVEI), the Canadian fintech company, announces today that is has launched its first integration into Microsoft Dynamics 365 Business Central, an Enterprise Resource Planning (ERP) solution for small and medium-sized organizations.

Businesses across the globe can now seamlessly integrate all relevant payment methods including card payments and instant bank transfers (including ACH transactions in the U.S.), and disbursement services into their business operations through their existing Dynamics 365 Business Central module. Nuvei's deep knowledge of embedded ERP payments and best-in-class accounts receivable (AR) automation software is removing friction around accounting workflows, back-office reconciliation, and streamlining performance for finance departments of Business Central customers in verticals such as manufacturing, distribution, wholesale, and construction.

Nuvei's robust integration and proprietary technology includes invoice matching and proprietary cash acceleration tools, which can be leveraged to enable shorter DSO (Days Sales Outstanding) or receivables cycles. Businesses can also access near-real-time payment information, enabling them to reconcile financial information across systems with greater efficiency which enables faster, more informed decision-making.

Nuvei Chair and CEO Philip Fayer commented on the announcement: "Our mission is to enable our customers to accelerate their growth through better engagement with their customers. Our technology and expertise of B2B payments and ERP systems enables us to equip businesses with payments through their integrated commerce platform to reach their customers, improve working capital, and drive internal efficiencies."

"Payments, including AR automation, is a critical component of the user experience for ERP. We're thrilled that Nuvei has integrated their payment platform with Microsoft Dynamics 365 Business Central, enhancing our offering for our customers," said Mike Morton, Vice President, Dynamics 365 Business Central at Microsoft.

This announcement is the latest from Nuvei as it continues to build upon two decades of experience in the B2B payments space and expand its sizeable portfolio of ERP integrations during a period of rapid growth for the industry. In total, B2B payment volumes are expected to exceed $120tn this year.

Fayer continued: "Integrating our payments technology to the market leader in ERP directly connects us to thousands of businesses and millions of users across the globe in a market with substantial total addressable market (TAM). This is an exciting strategic milestone as we grow our emerging payments channel."

Integrating Nuvei to Dynamics 365 Business Central is the latest stage in the rollout of the global payments collaboration  with Microsoft that was announced last month. Nuvei will continue to explore ways to work collaboratively with Microsoft across geographies and use cases through this partnership.

About Nuvei 

Nuvei (Nasdaq: NVEI) (TSX: NVEI) is the Canadian fintech company accelerating the business of clients around the world. Nuvei's modular, flexible and scalable technology allows leading companies to accept next-gen payments, offer all payout options and benefit from card issuing, banking, risk and fraud management services. Connecting businesses to their customers in more than 200 markets, with local acquiring in 50 markets, 150 currencies and 680 alternative payment methods, Nuvei provides the technology and insights for customers and partners to succeed locally and globally with one integration. 

For more information, visit www.nuvei.com

NVEI-IR

Contact: 

Public Relations

alex.hammond@nuvei.com

Investor Relations 

IR@nuvei.com

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SOURCE Nuvei

FAQ

What is the latest integration announced by Nuvei Corporation?

Nuvei Corporation has announced its first integration into Microsoft Dynamics 365 Business Central, an ERP solution for small and medium-sized organizations.

What are the benefits of Nuvei's integration into Dynamics 365 Business Central?

The integration includes the ability to seamlessly integrate payment methods, invoice matching, and cash acceleration tools, enabling shorter DSO cycles and near-real-time payment information.

What is the mission of Nuvei Corporation according to Philip Fayer?

Philip Fayer, the Chair and CEO of Nuvei, stated that their mission is to enable customers to accelerate their growth through better engagement with their customers using B2B payments and ERP systems.

What is the expected B2B payment volumes this year?

B2B payment volumes are expected to exceed $120tn this year.

What is the significance of integrating Nuvei into Dynamics 365 Business Central?

The integration directly connects Nuvei to thousands of businesses and millions of users across the globe, tapping into a substantial total addressable market (TAM) and marking a strategic milestone in their emerging payments channel.