REPAY Expands Acumatica Functionality to Offer Accounts Payable Automation

Rhea-AI Summary

Repay Holdings Corporation (NASDAQ: RPAY) has launched its Vendor Payments Automation solution within Acumatica, aimed at enhancing accounts payable for small and midmarket businesses. This integration streamlines payment processes, improves efficiency, and reduces fraud risks by minimizing the need for sensitive information exchange with vendors. The solution offers comprehensive capabilities, including payment group creation, invoicing approval, automatic reconciliation, and custom reporting. REPAY is also a premier sponsor of the upcoming Acumatica Summit 2021, showcasing its automation solutions in Las Vegas.

Positive

• Launch of Vendor Payments Automation solution within Acumatica enhances accounts payable processes.
• Integration allows businesses to improve efficiency, reduce fraud risks, and streamline vendor payments.
• Comprehensive features include payment group creation, invoicing approval, and custom reporting.

Negative

• None.

Repay Holdings Corporation (NASDAQ: RPAY) (“REPAY”), a leading provider of vertically-integrated payment solutions, today announced the launch of its Vendor Payments Automation solution into Acumatica, a leading cloud ERP company, enabling small and midmarket organizations to streamline accounts payable processes, optimize internal workflows and securely pay vendors and suppliers.

Extending REPAY’s integration to include vendor payments automation will give Acumatica users access to a comprehensive vendor enablement solution with both AR and AP payment automation capabilities. Through streamlining outbound payments, businesses can seamlessly pay vendors with increased efficiency and transparency while saving time and boosting their bottom lines. Additionally, businesses using the integration can significantly reduce their exposure to fraud risks by customizing various controls and eliminating the need to provide sensitive credit card or bank account information to hundreds of vendors.

“With the expansion of accounts payable solutions to our existing integration with Acumatica, we continue our commitment to making transactions simpler for our customers, all while reducing costs and increasing revenue,” said Darin Horrocks, SVP, B2B, REPAY. “We’re looking forward to continuing to build our relationship with the Acumatica team as a sponsor of their annual Acumatica Summit.”

The Vendor Payments Automation solution supports creation and approval of payment groups and invoicing, along with automatic reconciliation and custom reporting within Acumatica.

REPAY is a premier sponsor of Acumatica Summit 2021 and will showcase its integrated AR and AP automation solutions at the event in Las Vegas, Nev. on July 18-23, 2021.

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 merchants, while enhancing the overall experience for consumers and businesses.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210713005212/en/

FAQ

What is the Vendor Payments Automation solution by REPAY?

The Vendor Payments Automation solution by REPAY streamlines accounts payable processes, improving efficiency and reducing fraud risks for businesses using Acumatica.

How does REPAY's solution reduce fraud risks?

REPAY's solution minimizes the need to share sensitive credit card or bank account information with multiple vendors, thus reducing the exposure to fraud.

What capabilities does REPAY's solution offer?

The solution offers features like payment group creation, invoicing approval, automatic reconciliation, and custom reporting within Acumatica.

When and where is the Acumatica Summit 2021?

The Acumatica Summit 2021 will take place from July 18-23, 2021, in Las Vegas, Nevada.

How does the integration with Acumatica benefit small and midmarket organizations?

The integration helps small and midmarket organizations streamline their payment processes, optimize workflows, and enhance overall efficiency and transparency.