Cloud-based financial automation workflow management platform FINTAINIUM has joined forces with payments solution provider Bill2Pay.

The tie-up aims to boost automation, including integration of reimbursement and escheatment solutions for utilities, insurance firms as well as government agencies.

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By enabling iterative negotiation capability between a payor and payee, FINTAINIUM’s PLATFORM is said to facilitate quick settlement of an AP/AR transaction.

It allows billers and payers to control payments by providing access to multiple payment methods and payment solution providers.

Bill2Pay CEO Rick Stierwalt said: “By delivering a fast, seamless, and unified digital payment experience, it helps drive operational efficiencies and cash flow, which is paramount to today’s business environment.

“Given today’s extraordinary challenges, streamlining end-to-end workflows with a single software solution helps to offset the manual processes, expense, and risk associated with receiving payments, and frees up more quality time and resources needed for our clients to support their customers and business priorities.”

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FINTAINIUM Solutions are provided through a SaaS-delivery model.

It enables clients to select how and when they want to send and receive payments through integration with existing or legacy accounting and Enterprise Resource Planning (ERP) systems.

FINTAINIUM CEO Richard Jackman said: “Together, FINTAINIUM and Bill2Pay can produce significant cost savings while also enhancing automated efficiency for our utilities, insurance, and government clients.”