Home industry erp Nuvei Unveils Integrated Invoice Financing Service for Seamless ERP Experience
Erp
CIO Bulletin
2024-04-15
Nuvei integrates its Invoice Financing solutions directly into leading enterprise resource planning systems.
Nuvei, a global payment technology firm, has announced the launch of a groundbreaking Invoice Financing service, enabling merchants to seamlessly access financial solutions directly within their enterprise resource planning (ERP) systems. The new service has been integrated into several leading ERPs, including Sage and Acumatica, marking a significant advancement in cash flow management for businesses.
Philip Fayer, Chair and CEO at Nuvei, highlighted the importance of this integration in a statement, saying, "By integrating our Invoice Financing services with leading ERP platforms, we’re empowering businesses to unlock financial flexibility and optimize their cash flow management, ultimately supporting their success in the ever-evolving business landscape."
The Invoice Financing service extends Nuvei’s Accounts Receivable Automation suite, designed to assist customers in managing and enhancing their days sales outstanding (DSO). This innovative solution enables businesses to access cash within 24 hours by converting outstanding invoices into immediate working capital, enhancing cash flow through one-click financing integrated directly into their ERP systems.
One of the key advantages of this integration is the seamless workflow it offers to businesses. Loan and repayment entries are automatically reflected in the ERP system and associated with the financed invoice, streamlining financial operations and reducing administrative burdens.
As businesses navigate through a period of high interest rates, Invoice Financing emerges as a crucial tool for scaling operations and managing finances effectively. With Nuvei’s Invoice Financing solution, businesses can expedite payments from any customer invoiced through their ERP with just one click, providing a flexible and efficient financing option tailored to modern business needs.
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