REPAY Further Streamlines B2B Payments with Sage Accounts Payable Automation

Rhea-AI Summary

Repay Holdings Corporation (NASDAQ: RPAY) announced the launch of its Vendor Payments Automation solution for Sage 100. This integration allows businesses to pay vendors securely while cutting costs. It complements existing integrations with Sage X3 and Sage 300. The solution features payment group creation, vendor management, invoicing, automatic reconciliation, and custom reporting. According to SVP Darin Horrocks, this solution simplifies processes and enhances revenue and security for Sage users.

Positive

• Launch of Vendor Payments Automation solution enhances REPAY's service offerings.
• Integration with Sage 100 streamlines vendor payment processes and reduces costs.
• Supports features like payment group management and custom reporting, increasing efficiency.

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 Sage 100, which will enable businesses to seamlessly pay vendors in a simple, secure way while also reducing unnecessary costs. This supplements REPAY’s existing integrations with Sage X3 and Sage 300 solutions.

The new integration is available through APS Payments, a REPAY company and a leading provider of omni-channel B2B integrated payment solutions. Extending REPAY’s integration into Sage rounds out the comprehensive, full-service vendor enablement with both AR and AP payments automation. Businesses can streamline processes and boost their bottom lines by simply paying bills more efficiently and effectively.

“With the addition of accounts payable solutions to our Sage 100 integration, we continue our commitment to reducing costs and optimizing the transaction process for businesses,” says Darin Horrocks, SVP, B2B, REPAY. “Intentionally designed with simplicity in mind, a single integration eliminates unnecessary manual processes while increasing revenue and security – a true win-win for business users on Sage.”

The Vendor Payments Automation solution supports creation and approval of payment groups, vendor group management, and invoicing, along with automatic reconciliation and custom reporting within Sage 100.

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/20210519005194/en/

FAQ

What is the Vendor Payments Automation solution by RPAY?

It is a payment solution launched by Repay Holdings that allows businesses to manage vendor payments seamlessly through Sage 100.

How does the new integration with Sage 100 benefit users?

It simplifies vendor payments, reduces costs, and enhances efficiency through features like automatic reconciliation and custom reporting.

What companies does REPAY integrate with?

REPAY currently integrates with Sage 100, Sage X3, and Sage 300.

What are the key features of REPAY's new solution?

Key features include creation and approval of payment groups, vendor group management, invoicing, and reporting.

When was the Vendor Payments Automation solution launched?

The solution was announced in the press release on May 19, 2021.