Transactional data company Transactis and
e-invoicing solutions provider Data Impact are set to merge
bringing a full service receivables and payment solution to the
market.
The merger emphasises both companies’
strategies to provide a broad suite of electronic billing, payment
and document management tools that address the accounts
receivable functions of organisations, ranging from small billers
to multinational corporations.
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“By combining Data Impact and Transactis, we
have created a single comprehensive provider that serves the
diverse receivables processing needs of both business-to-consumer
and business-to-business organisations,” said Joe Proto, Transactis
CEO and chairman.
Customers of both
organisations can now leverage Transactis’s Virtual
Incentive Platform that connects companies and their customers
through loyalty programmes, digital offers and electronic coupons.
This aims to provide cross-sell opportunities to enhance customer
engagement and retention.
“While both product sets have similar
offerings, each brings unique functionalities that can be leveraged
by the other, for example, mobile capabilities, reconciliation
functions and self-service provisioning,” said Michael Lane, Data
Impact CEO and president of the merged company.
The combined company will still trade under
their respective brands with its headquarters based in New
York. The merger was facilitated by Transactis’ acquisition of Data
Impact’s assets.
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