Scanco selects Nuvei to boost B2B payments for warehouse and manufacturing operations
Nuvei (Nasdaq: NVEI) (TSX: NVEI) has partnered with Scanco Software, to enhance Scanco's new Invoice2Payment (i2PAY) solution. This collaboration integrates Nuvei's advanced B2B payment capabilities into Scanco's warehouse management software, offering features like online payment processing, email receipts, automated deposits, and analytics. The partnership aims to streamline operations, improve financial visibility, and shorten invoice-to-cash cycles for Scanco's customers in the manufacturing and distribution industries.
Nuvei's ERP payments engine will provide seamlessly integrated payment acceptance and disbursement solutions, along with single-view visibility of data and insights. This integration will help Scanco customers reconcile financial information across systems more efficiently and support Scanco's goal of developing an Autonomous Supply Chain platform.
Nuvei (Nasdaq: NVEI) (TSX: NVEI) ha collaborato con Scanco Software per migliorare la nuova soluzione Invoice2Payment (i2PAY) di Scanco. Questa collaborazione integra le avanzate capacità di pagamento B2B di Nuvei nel software di gestione del magazzino di Scanco, offrendo funzionalità come l'elaborazione dei pagamenti online, le ricevute via email, i depositi automatizzati e l'analisi dei dati. L'obiettivo della partnership è snellire le operazioni, migliorare la visibilità finanziaria e ridurre i cicli di fatturazione e incasso per i clienti di Scanco nei settori della produzione e della distribuzione.
Il motore di pagamenti ERP di Nuvei fornirà soluzioni di accettazione e pagamento integrate senza soluzione di continuità, insieme a una visibilità unica dei dati e degli approfondimenti. Questa integrazione aiuterà i clienti di Scanco a riconciliare le informazioni finanziarie attraverso i sistemi in modo più efficiente e a sostenere l'obiettivo di Scanco di sviluppare una piattaforma di Supply Chain Autonoma.
Nuvei (Nasdaq: NVEI) (TSX: NVEI) se ha asociado con Scanco Software para mejorar la nueva solución Invoice2Payment (i2PAY) de Scanco. Esta colaboración integra las avanzadas capacidades de pago B2B de Nuvei en el software de gestión de inventarios de Scanco, ofreciendo características como procesamiento de pagos en línea, recibos por correo electrónico, depósitos automatizados y análisis de datos. El objetivo de la asociación es optimizar las operaciones, mejorar la visibilidad financiera y acortar los ciclos de facturación y cobro para los clientes de Scanco en las industrias de manufactura y distribución.
El motor de pagos ERP de Nuvei proporcionará soluciones de aceptación y desembolso de pagos integradas de manera fluida, junto con visibilidad única de datos y análisis. Esta integración ayudará a los clientes de Scanco a conciliar la información financiera entre sistemas de manera más eficiente y apoyará el objetivo de Scanco de desarrollar una plataforma de Cadena de Suministro Autónoma.
Nuvei (Nasdaq: NVEI) (TSX: NVEI)는 Scanco Software와 협력하여 Scanco의 새로운 Invoice2Payment (i2PAY) 솔루션을 개선했습니다. 이 협업은 Nuvei의 고급 B2B 결제 기능을 Scanco의 창고 관리 소프트웨어에 통합하여 온라인 결제 처리, 이메일 영수증, 자동 입금 및 분석과 같은 기능을 제공합니다. 이 파트너십의 목표는 운영을 간소화, 재무 가시성을 향상 및 청구서에서 현금으로의 사이클 단축을 통해 제조 및 유통 업계의 Scanco 고객들에게 서비스를 제공하는 것입니다.
Nuvei의 ERP 결제 엔진은 원활하게 통합된 결제 수락 및 지불 솔루션과 데이터 및 통찰력의 단일 보기 가시성을 제공합니다. 이 통합은 Scanco 고객들이 시스템 간 재무 정보를 보다 효율적으로 조정할 수 있도록 도와주고 Scanco가 자율 공급망 플랫폼을 개발하는 목표를 지원합니다.
Nuvei (Nasdaq: NVEI) (TSX: NVEI) s'est associé à Scanco Software pour améliorer la nouvelle solution Invoice2Payment (i2PAY) de Scanco. Cette collaboration intègre les capabilités de paiement B2B avancées de Nuvei dans le logiciel de gestion d'entrepôt de Scanco, offrant des fonctionnalités telles que le traitement des paiements en ligne, les reçus par e-mail, les dépôts automatisés et l'analyse. L'objectif de ce partenariat est de rationaliser les opérations, d'améliorer la visibilité financière et de raccourcir les cycles de facturation à encaissement pour les clients de Scanco dans les secteurs de la fabrication et de la distribution.
Le moteur de paiements ERP de Nuvei fournira des solutions d'acceptation et de versement de paiements intégrées de manière transparente, tout en offrant une visibilité unique des données et des insights. Cette intégration aidera les clients de Scanco à concilier les informations financières entre les systèmes plus efficacement et à soutenir l'objectif de Scanco de développer une plateforme de chaîne d'approvisionnement autonome.
Nuvei (Nasdaq: NVEI) (TSX: NVEI) hat sich mit Scanco Software zusammengeschlossen, um die neue Invoice2Payment (i2PAY) Lösung von Scanco zu verbessern. Diese Zusammenarbeit integriert Nuveis fortschrittliche B2B-Zahlungsmöglichkeiten in die Lagerverwaltungssoftware von Scanco und bietet Funktionen wie Online-Zahlungsverarbeitung, E-Mail-Quittungen, automatisierte Einzahlungen und Analysen. Ziel der Partnerschaft ist es, die Abläufe zu optimieren, die finanzielle Sichtbarkeit zu verbessern und die Zeiträume von Rechnung zu Zahlung zu verkürzen für die Kunden von Scanco in der Fertigungs- und Distribution-Branche.
Die ERP-Zahlungsengine von Nuvei wird nahtlos integrierte Lösungen zur Zahlungsannahme und -auszahlung bereitstellen, zusammen mit einheitlicher Daten- und Einsichtsgenerierung. Diese Integration wird den Kunden von Scanco helfen, finanzielle Informationen über Systeme hinweg effizienter abzustimmen und Scancos Ziel unterstützen, eine autonome Lieferkette Plattform zu entwickeln.
- Partnership expands Nuvei's presence in the manufacturing and distribution sector
- Integration of Nuvei's payment solutions into Scanco's ERP systems may increase efficiency for customers
- Potential for increased revenue through expanded customer base and future international expansion
- None.
Insights
This partnership between Nuvei and Scanco represents a strategic move in the B2B payments landscape. By integrating Nuvei's payment solutions into Scanco's i2PAY platform, the collaboration addresses a critical need in the manufacturing and distribution sectors for streamlined financial processes.
The integration of Card-Not-Present and ACH processing capabilities directly into ERP systems like Sage is particularly noteworthy. This could potentially reduce payment friction and accelerate cash cycles for Scanco's customers. The near-real-time payment information and improved reconciliation capabilities should enhance financial visibility and decision-making for businesses in these industries.
For Nuvei, this partnership represents an opportunity to expand its footprint in the B2B payments space, particularly in manufacturing and distribution. The potential for international expansion through Scanco's future plans could further boost Nuvei's global presence. However, the impact on Nuvei's financials will depend on the adoption rate of i2PAY among Scanco's customer base.
Scanco's move towards an Autonomous Supply Chain platform is a significant development in the industry. By integrating advanced payment capabilities from Nuvei, Scanco is addressing a important link in the supply chain - financial transactions. This integration across eCommerce, Distributed Order Management, Warehouse Management Systems and Production and Shipping could lead to substantial efficiency gains.
The streamlined workflows and increased back-office efficiencies promised by this partnership could translate into tangible cost savings and improved cash flow for businesses in the manufacturing and distribution sectors. Moreover, the enhanced visibility into financial data could enable more agile decision-making in supply chain operations.
However, the success of this initiative will largely depend on the seamless integration of Nuvei's payment solutions with Scanco's existing systems and the ability of end-users to effectively leverage these new capabilities. The potential for international expansion also opens up new opportunities but will come with its own set of challenges in terms of regulatory compliance and market adaptation.
Partnership enhances payment capabilities for Scanco customers, streamlining operations and improving financial visibility
i2PAY complements Scanco's existing warehouse management capabilities with payments features including online payment processing, email receipts, automated deposits, and advanced analytics. Collaborating with Nuvei enables Scanco customers to access a market-leading suite of payment solutions, including Card-Not-Present and ACH processing capabilities, integrated directly into Scanco customers' enterprise resource planning (ERP) systems, including Sage, to facilitate simplified workflows, increase back-office efficiencies, and shorten invoice-to-cash cycles.
Nuvei's ERP payments engine delivers seamlessly integrated payment acceptance and disbursement solutions to its customers, as well as single-view visibility of data and insights needed to make faster, better-informed decisions. By leveraging Nuvei's deep ERP payments expertise, and delivering near-real-time payment information, Scanco customers will be able to reconcile financial information across systems and improve visibility more efficiently.
The partnership helps Scanco facilitate its aspirations to develop an Autonomous Supply Chain platform across eCommerce, Distributed Order Management, Warehouse Management Systems and Production and Shipping. Also, by utilizing Nuvei's global reach Scanco will achieve its future international expansion plans.
Philip Fayer, Nuvei Chair and CEO, commented on the announcement: " By integrating our advanced B2B payment capabilities with Scanco's innovative software, we're enabling businesses to streamline their operations, improve cash flow, and make more informed financial decisions."
Andy Nunez, President & CEO of Scanco, added: "Partnering with Nuvei allows us to offer our customers a comprehensive payment solution in i2PAY that addresses the critical payment requirements of our customers. The integration of Nuvei's payment technologies with our mobility solutions will provide unparalleled efficiency and visibility for businesses operating in warehouse and manufacturing environments."
This partnership marks a significant step for Nuvei in increasing its integrated distribution and solidifying its presence as the provider of payment solutions to manufacturing and distribution customers in this rapidly growing sector.
About Scanco
Over the years, Scanco Software, LLC (www.scanco.com) has been at the forefront of developing new technologies for mobile warehouse, manufacturing, and payment automation solutions. Scanco's solutions deliver unequaled efficiency and visibility for distribution and manufacturing companies around the globe.
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 716 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
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