REPAY and Otelier DigiPay Integration Revolutionizes Hotel Vendor Payments
REPAY (NASDAQ: RPAY) has announced an embedded integration with Otelier, a hospitality software and performance optimization platform. This integration enhances Otelier's DigiPay capabilities by incorporating REPAY's vendor payment automation, creating a comprehensive solution for hotel operators to manage invoices and execute vendor payments efficiently.
The partnership aims to streamline hotel operations by offering a single platform for automating vendor payments and managing invoices. Key features include virtual cards and ACH options for faster, more secure payments, and end-to-end payment process automation. This integration is designed to reduce time spent on back-office AP operations, allowing hoteliers to focus more on providing exceptional hospitality.
REPAY (NASDAQ: RPAY) ha annunciato un' integrazione incorporata con Otelier, una piattaforma software per l'ospitalità e l'ottimizzazione delle performance. Questa integrazione migliora le capacità DigiPay di Otelier incorporando l'automazione dei pagamenti ai fornitori di REPAY, creando una soluzione completa per gli operatori alberghieri per gestire le fatture ed eseguire i pagamenti ai fornitori in modo efficiente.
La partnership mira a semplificare le operazioni alberghiere offrendo una piattaforma unica per automatizzare i pagamenti ai fornitori e gestire le fatture. Le caratteristiche principali includono carte virtuali e opzioni ACH per pagamenti più rapidi e sicuri, e automazione dell'intero processo di pagamento. Questa integrazione è progettata per ridurre il tempo trascorso nelle operazioni di contabilità fornitori back-office, consentendo agli albergatori di concentrarsi maggiormente sulla fornitura di un'ospitalità eccezionale.
REPAY (NASDAQ: RPAY) ha anunciado una integración incorporada con Otelier, una plataforma de software de hostelería y optimización del rendimiento. Esta integración mejora las capacidades DigiPay de Otelier al incorporar la automatización de pagos a proveedores de REPAY, creando una solución integral para que los operadores hoteleros gestionen facturas y realicen pagos a proveedores de manera eficiente.
La asociación tiene como objetivo agilizar las operaciones hoteleras al ofrecer una única plataforma para automatizar los pagos a proveedores y gestionar facturas. Las características clave incluyen tarjetas virtuales y opciones ACH para pagos más rápidos y seguros, así como la automatización de todo el proceso de pagos. Esta integración está diseñada para reducir el tiempo dedicado a las operaciones de cuentas por pagar de back-office, permitiendo a los hoteleros centrarse más en proporcionar una hospitalidad excepcional.
REPAY (NASDAQ: RPAY)는 호스피탈리티 소프트웨어 및 성과 최적화 플랫폼인 Otelier와의 임베디드 통합을 발표했습니다. 이 통합은 REPAY의 공급업체 지불 자동화를 통합하여 Otelier의 DigiPay 기능을 향상시켜 호텔 운영자가 인보이스를 관리하고 공급업체 지불을 효율적으로 실행할 수 있는 종합 솔루션을 만듭니다.
이 파트너십은 공급업체 지불 자동화와 인보이스 관리를 위한 단일 플랫폼을 제공하여 호텔 운영을 간소화하려는 목표를 가지고 있습니다. 주요 기능으로는 더 빠르고 안전한 지불을 위한 가상 카드와 ACH 옵션, 그리고 전체 결제 프로세스 자동화가 포함됩니다. 이 통합은 백오피스 AP 운영에 소요되는 시간을 줄이기 위해 설계되었으며, 호텔리어가 예외적인 호스피탈리티 제공에 더 집중할 수 있도록 도와줍니다.
REPAY (NASDAQ: RPAY) a annoncé une intégration intégrée avec Otelier, une plateforme de logiciels d'hospitalité et d'optimisation des performances. Cette intégration améliore les capacités DigiPay d'Otelier en incorporant l'automatisation des paiements fournisseurs de REPAY, créant ainsi une solution complète pour que les exploitants hôteliers puissent gérer les factures et exécuter les paiements des fournisseurs de manière efficace.
Le partenariat vise à simplifier les opérations hôtelières en offrant une plateforme unique pour automatiser les paiements des fournisseurs et gérer les factures. Les fonctionnalités clés incluent des cartes virtuelles et des options ACH pour des paiements plus rapides et plus sécurisés, ainsi qu'une automatisation de l'ensemble du processus de paiement. Cette intégration est conçue pour réduire le temps passé sur les opérations de comptes fournisseurs en back-office, permettant aux hôteliers de se concentrer davantage sur la fourniture d'une hospitalité exceptionnelle.
REPAY (NASDAQ: RPAY) hat eine eingebettete Integration mit Otelier angekündigt, einer Plattform für Hospitality-Software und Leistungsoptimierung. Diese Integration verbessert die DigiPay-Funktionen von Otelier durch die Einbindung der Zahlungsautomatisierung für Lieferanten von REPAY, sodass Hotelbetreiber Rechnungen verwalten und Zahlungen an Lieferanten effizient ausführen können.
Die Partnerschaft zielt darauf ab, die Hotelbetriebsabläufe zu vereinfachen, indem eine einzige Plattform zur Automatisierung von Zahlungen an Lieferanten und zur Verwaltung von Rechnungen angeboten wird. Zu den Hauptmerkmalen gehören virtuelle Karten und ACH-Optionen für schnellere und sicherere Zahlungen sowie die Automatisierung des gesamten Zahlungsprozesses. Diese Integration wurde entwickelt, um die Zeit für Back-Office-AP-Operationen zu reduzieren, damit die Hoteliers sich stärker auf die Bereitstellung einer hervorragenden Gastfreundschaft konzentrieren können.
- Integration with Otelier expands REPAY's presence in the hospitality industry
- Streamlines hotel operations by offering a single platform for invoice management and vendor payments
- Provides faster and more secure payment options through virtual cards and ACH
- Automates the entire end-to-end payment process for increased efficiency
- None.
This partnership between REPAY and Otelier marks a strategic move in the hospitality financial technology sector. While it's likely to enhance REPAY's market position, the immediate financial impact may be The integration could lead to increased transaction volume for REPAY, potentially boosting revenue over time. However, without specific financial projections, it's challenging to quantify the exact impact on REPAY's bottom line.
Investors should note that this type of vertical integration and industry-specific solution can create competitive advantages and customer stickiness. Long-term, this could translate to improved customer retention rates and possibly higher margins. The hospitality sector's ongoing digital transformation presents growth opportunities, but also intensifies competition among fintech providers.
The REPAY-Otelier integration represents a significant technological advancement in hospitality financial management. By embedding payment automation directly into Otelier's DigiPay platform, they've created a seamless, end-to-end solution that addresses a critical pain point for hoteliers. The use of virtual cards and ACH not only speeds up transactions but also enhances security, a important factor in today's digital landscape.
This integration exemplifies the trend towards embedded finance, where financial services are directly integrated into non-financial platforms. For REPAY, this approach could lead to deeper market penetration and potentially higher transaction volumes. However, the success will largely depend on the adoption rate among Otelier's clients and the system's performance in real-world applications.
New Partnership Enhances AP Efficiency and Simplifies Financial Management for Hotel Operators
REPAY’s vendor payment automation expands Otelier’s DigiPay capabilities to further optimize accounts payable (AP) for hotels by digitizing the outbound payment process. Otelier DigiPay automates back-office AP operations, eliminating time spent processing invoices and cutting checks to pay vendors while improving financial management.
“Hoteliers are spending too much time and utilizing too many resources each week paying vendors managing the payment process and physically cutting checks,” said Otelier CEO Vic Chynoweth. “We are thrilled to integrate with REPAY to digitize the vendor payment process within DigiPay for faster and more secure payments, allowing our clients to get back to providing exceptional hospitality.”
Together, REPAY and Otelier will enable hoteliers to streamline their operations by automating vendor payments and managing invoices via a single integration. Virtual cards and ACH are available for faster and more secure payment options, and the entire end-to-end payment process is automated. With REPAY’s advanced payment technology and Otelier’s robust performance optimization platform, hotels can now take advantage of a seamless and more efficient solution designed specifically for the hospitality industry.
“Our integration with Otelier represents a significant step forward in our mission to provide innovative payment solutions that meet the unique needs of various industries,” said Darin Horrocks, EVP, Business Payments. “By combining our cutting-edge payment technology with Otelier DigiPay’s powerful platform, we are empowering hotel operators to achieve unparalleled efficiency and focus on providing exceptional hospitality.”
About REPAY
REPAY provides integrated payment processing solutions to verticals that have specific transaction processing needs. REPAY’s proprietary, integrated payment technology platform reduces the complexity of electronic payments for clients, while enhancing the overall experience for consumers and businesses.
About Otelier
Otelier serves more than 10,000 hotels across the globe by empowering hotel owners and operators with the data and efficiencies they need to get back to delivering exceptional hospitality. The platform enables hoteliers to run world-class operations by automating back-office tasks, improving budget and forecast accuracy, and gaining real-time insights into property and portfolio performance. The Otelier product suite comprises DigiAudit for night audit compliance; TruePlan for modern budgeting and forecasting; IntelliSight for cross-functional business intelligence; DigiPay for automated accounts payable; and Rec for financial reconciliations. Learn more about the hospitality software at otelier.io
View source version on businesswire.com: https://www.businesswire.com/news/home/20240910381298/en/
Investor Relations Contact for REPAY:
IR@repay.com
Media Relations Contact for REPAY:
Kristen Hoyman
khoyman@repay.com
Source: Repay Holdings Corporation
FAQ
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