REPAY Expands B2B Payments Footprint with PN3 Solutions Partnership

Rhea-AI Summary

Repay Holdings Corporation (NASDAQ: RPAY) announced a partnership with PN3 Solutions to integrate payment processing capabilities into PN3's platform. This collaboration enables PN3's clients to automate outbound payments using virtual cards or ACH, enhancing efficiency in accounts payable (AP) operations. The integration supports various ERP systems, including Microsoft Dynamics and Sage. Senior executives from both companies highlighted the importance of streamlining payment workflows to improve cost savings and operational transparency.

Positive

• Partnership with PN3 Solutions enhances REPAY's payment processing capabilities.
• Integration allows automation of outbound payments, increasing operational efficiency.
• Supports multiple ERP systems, broadening REPAY's market reach.

Negative

• None.

Repay Holdings Corporation (NASDAQ: RPAY) (“REPAY”), a leading provider of vertically-integrated payment solutions, today announced a technology integration with PN³ Solutions, a paperless B2B accounts payable (AP) authorization and automation software provider. Through the partnership, PN³’s business customers will gain the ability to automate outbound payments through the use of virtual card or ACH to their vendors – adding seamless, fully integrated payments capabilities to its procurement and AP workstreams. In powering payments from within the PN³ platform, REPAY extends its industry footprint with a fully integrated payments solution for clients using various ERP systems, including Microsoft Dynamics 365, Microsoft Dynamics GP, Dynamics SL, Dynamics NAV, Sage Intacct, and Acumatica.

The PN³ Solutions platform is designed to link into existing financial systems, enabling businesses to rapidly implement and deploy electronic purchase and payment authorization workflows configured to adhere to specific AP policies and procedures. Now, the PN³ platform includes vendor payments powered by REPAY’s integrated payment processing solution, providing a seamless way to process payments, regardless of payment type, increasing transparency and accountability in the vendor payment process.

“Businesses of all sizes are seeking to integrate payment technology into their critical, day-to-day applications to reduce friction in their operations. REPAY has a long history of working with software providers to accomplish just that – extending the capabilities and value of their applications,” said Darin Horrocks, Senior Vice President, B2B, at REPAY. “We’re excited to help PN³ complete the accounts payable workstream by seamlessly incorporating an outbound payment option for users who rely on the platform to manage invoices and pay vendors on time with the method they prefer. The partnership will also allow us to realize synergies with our B2B receivables offering, as REPAY’s footprint now overlaps payables and receivables across key integrations, including Acumatica and Sage.”

“Procurement and accounts payable procedures touch virtually every department in most B2B organizations, so improved efficiencies can have an instant impact on the bottom line,” said Derrick Hicks, Managing Principal at PN³ Solutions. “With its long history and expertise in payments combined with a mature software integration program, REPAY was the perfect partner to build payments capability within our existing platform. In addition to improved overall AP management, our customers can also realize cost savings by reducing the time spent authorizing, facilitating and reconciling the payment for the goods and services required to run their organizations.”

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.

About PN³ Solutions

PN³ is a leading provider of cloud and on-premises based procure to pay and AP automation software for small to medium sized enterprises. For many years, small to medium sized enterprises have relied upon traditional paper-based purchasing and accounts payable processes. PN³ links into each customers’ existing financial systems enabling enterprises to digitize their processes improving process efficiency, visibility and internal controls. PN³ provides seamless integration with several of the leading ERPs by Microsoft and Sage.

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