Under the partnership, Finexio’s AP payment capabilities have been added to Proactis’ solutions. Credit: Pexels from Pixabay.

Proactis, a source-to-pay software solution provider, has entered into a strategic alliance with Finexio to remove expensive, manual processes from B2B transactions.

Finexio is a digital accounts payable (AP) payments-as-a-service firm that offers multiple payment capabilities embedded within procurement, AP software platforms and financial firms.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Under the tie-up, Finexio’s AP payment offerings have been added to Proactis’ solutions for mid-market entities to facilitate optimised spend and supply-chain activities.

The integrated offering can deliver improved control over AP spend and cashflow by automating the distribution and settlement of suppliers’ payment.

It features various payment types and channels such as automated clearing house (ACH), wire, virtual card along with paper checks.

Finexio’s integrated payment tool can also provide Proactis clients with enhanced supplier enablement, fraud and risk detection as well as payment-based strategic account relationship management, payment operations and settlement support, among others.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Proactis managing director in the US Michael Ereli said: “Mid-market organisations are facing many of the same AP challenges as larger enterprises.

“Providing an easy-to-implement, secure, and reliable Payments-as-a-Service offering differentiates us from other mid-market Procurement providers. 

“Extending our AP Automation offering to include payments to suppliers allows our customers to enjoy the same cost-savings which much larger entities are able to enjoy through traditional banking relationships.”

Currently, Proactis is said to cater to more than 1,100 corporate and public sector companies in addition to two million suppliers.

The firm has more than three million users across the UK, Europe, North America, New Zealand, and Australia.