REPAY Optimizes Vendor Payments for Recreational Vehicle Dealerships with Lightspeed DMS Integration
Repay Holdings (NASDAQ: RPAY) has announced a new integration with Lightspeed DMS, a leading recreational dealer management software provider. This partnership marks REPAY's first major expansion beyond traditional automotive, extending vendor payment automation to powersports, RV, marine, and other retailers.
The integration enables dealerships to automate vendor payments through digital methods like virtual cards and ACH, replacing traditional paper checks. This modernization enhances payment security and ensures timely payments while maintaining vendor relationships. The solution streamlines accounts payable processes by consolidating all dealership vendor payments into a single platform and workflow, reducing manual processes that can lead to errors or delays.
According to Troy Thibodeau, Lightspeed's Chief Marketing and Products Officer, the partnership brings enhanced efficiency to their dealer management system, offering streamlined vendor payments and financial benefits to their customers.
Repay Holdings (NASDAQ: RPAY) ha annunciato una nuova integrazione con Lightspeed DMS, un fornitore leader di software per la gestione dei concessionari nel settore ricreativo. Questa partnership rappresenta la prima grande espansione di REPAY oltre il settore automobilistico tradizionale, estendendo l'automazione dei pagamenti ai fornitori a settori come powersport, camper, marittimo e altri rivenditori.
L'integrazione consente ai concessionari di automatizzare i pagamenti ai fornitori attraverso metodi digitali come le carte virtuali e l'ACH, sostituendo i tradizionali assegni cartacei. Questa modernizzazione migliora la sicurezza dei pagamenti e garantisce pagamenti puntuali, mantenendo nel contempo buone relazioni con i fornitori. La soluzione semplifica i processi contabili consolidando tutti i pagamenti ai fornitori dei concessionari in un'unica piattaforma e flusso di lavoro, riducendo i processi manuali che possono portare a errori o ritardi.
Secondo Troy Thibodeau, Chief Marketing and Products Officer di Lightspeed, la partnership porta un'elevata efficienza al loro sistema di gestione dei concessionari, offrendo pagamenti ai fornitori semplificati e vantaggi finanziari ai loro clienti.
Repay Holdings (NASDAQ: RPAY) ha anunciado una nueva integración con Lightspeed DMS, un proveedor líder de software de gestión para concesionarios recreativos. Esta asociación representa la primera gran expansión de REPAY más allá del sector automotriz tradicional, extendiendo la automatización de pagos a proveedores a sectores como powersports, vehículos recreativos, marítimo y otros minoristas.
La integración permite a los concesionarios automatizar los pagos a proveedores mediante métodos digitales como tarjetas virtuales y ACH, reemplazando los tradicionales cheques de papel. Esta modernización mejora la seguridad de los pagos y asegura pagos puntuales, al tiempo que mantiene buenas relaciones con los proveedores. La solución simplifica los procesos de cuentas por pagar consolidando todos los pagos a proveedores de los concesionarios en una única plataforma y flujo de trabajo, reduciendo los procesos manuales que pueden llevar a errores o demoras.
Según Troy Thibodeau, Director de Marketing y Productos de Lightspeed, la asociación brinda una mayor eficiencia a su sistema de gestión de concesionarios, ofreciendo pagos a proveedores simplificados y beneficios financieros a sus clientes.
Repay Holdings (NASDAQ: RPAY)는 주류 자동차 분야를 넘어 Lightspeed DMS와의 새로운 통합을 발표했습니다. 이 파트너십은 REPAY가 전통적인 자동차 산업을 넘어서 처음으로 확대하는 것으로, 파워스포츠, RV, 해양 및 기타 소매업체를 위한 공급업체 결제 자동화를 연장합니다.
이 통합은 대리점들이 가상 카드 및 ACH와 같은 디지털 방법을 통해 공급업체 결제를 자동화할 수 있게 하여 전통적인 종이 수표를 대체합니다. 이러한 현대화는 결제 보안을 강화하고 적시 지급을 보장하며 공급업체와의 관계를 유지합니다. 이 솔루션은 모든 대리점의 공급업체 결제를 단일 플랫폼과 워크플로로 통합하여 계좌 payable 프로세스를 간소화하여 오류나 지연의 원인인 수동 프로세스를 줄입니다.
Lightspeed의 최고 마케팅 및 제품 책임자 Troy Thibodeau에 따르면, 이 파트너십은 대리점 관리 시스템의 효율성을 높이며, 고객에게 간소화된 공급업체 지급과 재정 혜택을 제공합니다.
Repay Holdings (NASDAQ: RPAY) a annoncé une nouvelle intégration avec Lightspeed DMS, un fournisseur leader de logiciels de gestion pour les concessionnaires récréatifs. Ce partenariat marque la première grande expansion de REPAY au-delà de l'industrie automobile traditionnelle, en étendant l'automatisation des paiements fournisseurs aux secteurs des sports motorisés, des véhicules récréatifs, maritimes et autres détaillants.
L'intégration permet aux concessions d'automatiser les paiements aux fournisseurs par le biais de méthodes numériques telles que les cartes virtuelles et l'ACH, remplaçant ainsi les chèques papier traditionnels. Cette modernisation améliore la sécurité des paiements et garantit des paiements ponctuels tout en maintenant de bonnes relations avec les fournisseurs. La solution simplifie les processus de comptes fournisseurs en consolidant tous les paiements fournisseurs des concessions sur une seule plateforme et un seul flux de travail, réduisant ainsi les processus manuels susceptibles de causer des erreurs ou des retards.
Selon Troy Thibodeau, directeur marketing et produits de Lightspeed, ce partenariat apporte une efficacité accrue à leur système de gestion des concessionnaires, offrant des paiements fournisseurs simplifiés et des avantages financiers à leurs clients.
Repay Holdings (NASDAQ: RPAY) hat eine neue Integration mit Lightspeed DMS, einem führenden Anbieter von Software für die Verwaltung von Freizeit-Händlern, angekündigt. Diese Partnerschaft stellt die erste bedeutende Expansion von REPAY über die traditionelle Automobilbranche hinaus dar und erweitert die Automatisierung von Lieferantenzahlungen auf Powersport, Wohnmobile, Marine und andere Einzelhändler.
Die Integration ermöglicht es den Händlern, Lieferantenzahlungen durch digitale Methoden wie virtuelle Karten und ACH zu automatisieren und ersetzt so traditionelle Papierchecks. Diese Modernisierung erhöht die Sicherheit der Zahlungen und gewährleistet termingerechte Zahlungen, während die Beziehungen zu den Lieferanten erhalten bleiben. Die Lösung rationalisiert die Kreditorenbuchhaltungsprozesse, indem sie alle Lieferantenzahlungen der Händler in einer einzigen Plattform und einem Arbeitsablauf konsolidiert und manuelle Prozesse reduziert, die zu Fehlern oder Verzögerungen führen können.
Laut Troy Thibodeau, Chief Marketing and Products Officer von Lightspeed, bringt die Partnerschaft verbesserte Effizienz in ihr Händlerverwaltungssystem und bietet ihren Kunden einfachere Lieferantenzahlungen sowie finanzielle Vorteile.
- First major expansion beyond traditional automotive sector into recreational vehicles market
- Integration with leading DMS provider Lightspeed expands market reach
- Modernization of payment systems from paper checks to digital methods
- Streamlined vendor payment processes through single platform consolidation
- None.
Insights
This strategic partnership marks a pivotal expansion for REPAY into the $114 billion recreational vehicle market, presenting significant revenue potential through payment processing fees. The integration with Lightspeed DMS, a dominant player in recreational dealer management software, creates a powerful competitive moat by addressing specialized needs of RV, marine and powersports dealers.
The payment automation solution offers three key revenue drivers:
- Virtual card transactions typically generate 1.5% to 2.5% in processing fees, substantially higher than traditional ACH or check payments
- Recurring revenue potential from subscription-based services and transaction volumes
- Cross-selling opportunities across Lightspeed's established dealer network
The timing is particularly strategic as dealers seek cost-effective automation solutions amid labor challenges and rising operational costs. The partnership also positions REPAY to capture market share as the industry continues its digital transformation, with automated B2B payments expected to grow at a 10.3% CAGR through 2028.
From a technological perspective, the integration leverages REPAY's existing payment infrastructure, suggesting minimal additional capital investment while enabling rapid scaling across Lightspeed's dealer network. This efficient deployment model should support healthy margins and quick market penetration.
New Partnership Facilitates Dealership Finance Optimization, Going Beyond Traditional Automotive to Offer Advanced Payment Automation to Powersports, RV, Marine and Other Retailers
This new integration with Lightspeed DMS extends REPAY’s vendor payment automation functionality and brings a range of benefits to businesses leveraging the Lightspeed DMS platform. Through REPAY’s advanced automation capabilities, dealerships can ensure on-time payments while maintaining strong positive relationships with their vendors. In addition, by replacing traditional paper checks with digital payments such as virtual cards and ACH, this solution modernizes accounts payable (AP) processes and significantly increases payment security over traditional check printing practices.
"Our partnership with REPAY brings a new level of efficiency to our dealer management system,” said Troy Thibodeau, Chief Marketing and Products Officer at Lightspeed. “By integrating REPAY’s advanced AP technology, we can offer streamlined vendor payments and financial benefits to the businesses that depend on Lightspeed. This collaboration allows us to provide a more seamless and modern payment experience, which is crucial to our customers’ ability to maintain strong relationships with the vehicle manufacturers and partners they depend on.”
For dealership AP professionals, REPAY’s automation technology is a means of driving productivity and ensuring timely execution of vendor payments, eliminating many of the manual processes involved in handling payments that create errors or delays. This automation saves valuable time and resources, allowing teams to focus on more strategic tasks and improving overall efficiency within the organization. By streamlining these processes, dealerships of any size can achieve greater operational efficiency and enhance their financial management goals.
"This integration simplifies payment processes by consolidating all dealership vendor payments into a single platform and workflow, enhancing accuracy and delivering a level of payment security dealerships expect,” said Darin Horrocks, Executive Vice President, Business Payments at REPAY. “We are committed to helping businesses transform their payment processes, and this collaboration sets a new standard for efficiency and payment security in dealership management and payment operations."
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 Lightspeed DMS LLC
Lightspeed is an all-in-one solution designed to revolutionize dealership management. With Lightspeed, dealerships in the Powersport, Marine, RV, Trailer, Outdoor Power Equipment, and Golf Car industries seamlessly integrate their operations through our comprehensive Dealer Management Solution (DMS). Lightspeed has been empowering over 4,000+ dealers across
View source version on businesswire.com: https://www.businesswire.com/news/home/20250205638392/en/
Investor Relations Contact for REPAY:
IR@repay.com
Media Relations Contact for REPAY:
Kristen Hoyman
khoyman@repay.com
Source: Repay Holdings Corporation
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