REPAY Enhances Accounts Payable Integration for Sage Intacct and is Selected as a Sage Tech Partner Plus – Fintech Partner
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Insights
The announcement of REPAY's enhanced integration with Sage Intacct represents a strategic move to consolidate its position within the financial technology sector. By offering streamlined AR and AP payment solutions that are integrated with a major accounting software provider, REPAY is poised to capture a larger market share in the B2B payments space. This collaboration can potentially lead to increased revenue streams for REPAY as businesses look for efficient, secure and cost-effective payment processing options.
The integration also signals REPAY's commitment to innovation and customer-centric solutions, which may positively influence investor sentiment. The validation of REPAY as a Sage Tech Partner Plus – Fintech Partner serves as a qualitative endorsement that could translate into stronger brand credibility and competitive advantage. However, the financial impact will largely depend on the adoption rate among Sage Intacct users and the degree to which these solutions can displace traditional payment methods.
In the context of the evolving digital payments landscape, REPAY's enhanced integration with Sage Intacct addresses the growing demand for integrated payment solutions within enterprise resource planning (ERP) systems. The ability to process payments directly within Sage Intacct's platform could result in higher efficiency and reduced errors for businesses, which is a significant value proposition.
From a market perspective, this development could set a precedent for other payment solution providers to pursue similar partnerships with ERP vendors. It's essential to monitor how this integration influences the competitive dynamics within the payment solutions market, as well as the broader financial technology industry. The move may prompt competitors to accelerate their own innovation efforts or seek alliances to maintain market relevance.
The technical aspect of REPAY's integration with Sage Intacct is crucial for understanding the potential impact on operational efficiencies for businesses. The implementation of seamless digital payment methods, such as ACH, credit card payments and virtual cards, within Sage Intacct's ERP system, could lead to significant reductions in processing times and costs associated with paper-based transactions.
Furthermore, the emphasis on security through the use of digital payments is particularly relevant in an era where cyber threats are increasing. By eliminating paper checks and automating vendor payments, REPAY's solution could help mitigate the risk of fraud and enhance the overall financial security for businesses. The technical validation as a 'Plus Tier' partner reflects REPAY's ability to meet stringent standards, which is likely to instill confidence among potential clients and investors.
Expanded integration offers AR and AP payment solutions to streamline payment acceptance and outbound vendor payments within Sage Intacct
With REPAY and Sage Intacct, companies have a one-stop shop for all their B2B payments needs. Businesses can easily accept payments from customers by Automated Clearing House (ACH) or credit card on Order Entry Sales Orders, Order Entry Sales Invoices or AR Invoices. Additionally, they can now pay vendors and suppliers in a simple, secure way through various digital payment methods, including virtual cards, while eliminating paper checks, optimizing internal workflows and reducing costs. By automating vendor payments to pay bills more effectively, AP teams can maximize efficiency, minimize security concerns and boost the bottom line.
REPAY has been chosen as a Sage Tech Partner Plus – Fintech Partner, underscoring the impact of REPAY’s solutions within the Sage ecosystem. The 'Plus Tier' partner recognition indicates that REPAY's integration has undergone rigorous evaluation and validation, confirming its capability to boost the business performance for Sage's customers and partners.
“Further expanding our integration with Sage Intacct is yet another indication of our promise to deliver the most comprehensive, innovative B2B payment solutions for businesses,” said Darin Horrocks, EVP, B2B, REPAY. “We are looking forward to building on our success with the Sage 100 integration and bringing those integrated AP and AR services to the Intacct community. Additionally, we’re honored to be selected as one of the few Sage Tech Partner Plus – Fintech Partners and view this as a testament to our continued collaboration and commitment to helping Sage clients streamline their workflows and improve operational efficiencies.”
"This collaboration not only streamlines payment processes for our customers but also strengthens the capabilities within our partner ecosystem. As a Sage Tech Partner Plus – Fintech Partner, REPAY brings a level of innovation and efficiency that is essential for businesses looking to optimize their financial operations and grow in today's dynamic market,” says Chip Mahan, Global Head Payments & Banking, Sage.
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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240220588225/en/
Investor Relations Contact for REPAY:
IR@repay.com
Media Relations Contact for REPAY:
Kristen Hoyman
khoyman@repay.com
Source: Repay Holdings Corporation
FAQ
What does REPAY Holdings Corporation (RPAY) offer through the enhanced technology integration with Sage Intacct?
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What is the significance of REPAY being chosen as a Sage Tech Partner Plus – Fintech Partner?
How does the collaboration between REPAY and Sage benefit businesses?
