Introduction of 'Unimarket Payments' Provides US Customers with
Secure, Low-Cost Solution to Outsource AP Payment Operations
ANNAPOLIS, Md., May 1, 2024
/PRNewswire-PRWeb/ -- Unimarket, a global provider of spend
management and source-to-pay solutions, today announced the US
market expansion of 'Unimarket Payments,' a fully managed accounts
payable (AP) payments service that optimizes, monetizes, and
secures the entire payment lifecycle.
"Eliminating the time-consuming, antiquated
practice of issuing paper checks is essential to our customers'
successful transition to digital payments and, for many colleges
and universities, enables them to achieve their sustainability
initiatives."
'Unimarket Payments' is an AP Payments as a Service solution,
combining service and technology to enable AP teams to effortlessly
leverage modern, safe, and secure, revenue-generating electronic
payments.
With 'Unimarket Payments,' Unimarket customers realize a
streamlined AP payment experience, delivering greater ROI by
eliminating fraud-prone paper checks and manual
processes and lowering payment costs. This fully integrated,
streamlined AP payment experience covers various payment types and
channels, including ACH, wire, virtual card, and paper checks.
'Unimarket Payments' is now available to Unimarket customers with
national or regional offices in the
United States.
"The benefits of AP Payments as a Service translate into greater
efficiency and revenue opportunities for our US customers, leading
to significant financial gains," said Phillip Kenney, CEO of Unimarket. Eliminating
the time-consuming, antiquated practice of issuing paper checks is
essential to our customers' successful transition to digital
payments and, for many colleges and universities, enables them to
achieve their sustainability initiatives."
'Unimarket Payments' is powered by Finexio, the leading embedded
payments infrastructure and service provider for the world's most
prominent AP and Procurement platforms, enabling seamless and
secure B2B transactions between buyers and suppliers.
"We are thrilled to join forces with Unimarket to revolutionize
their accounts payable processes," said Ernest Rolfson, Founder and CEO of Finexio. "Our
strong partnership with 'Unimarket Payments' helps Unimarket
customers experience significant improvements in efficiency, cost
savings, and fraud prevention related to their AP
payments."
Concerning the payment lifecycle, 'Unimarket Payment's'
integrated AP payment solution offers Unimarket's US customers
high-touch supplier enablement, fraud, and risk
detection, payment-specific strategic account relationship
management, payment operations, and settlement support, and
payments and banking data security capabilities.
To learn more about how 'Unimarket Payments' can optimize your
organization's invoice processing, visit Unimarket.com.
About Unimarket
Unimarket is a global provider of spend management and
e-procurement software solutions. Turning chaos into clarity,
Unimarket's comprehensive spend management suite significantly
improves visibility, enables compliance, and eliminates maverick
spending, transforming e-procurement processes. Recognized for its
industry-leading customer support, Unimarket's easy-to-use
cloud-based solution connects an extensive catalog-driven supplier
marketplace with purchasing, invoice management, and payments — all
in one integrated spend management platform. Founded in 2005,
Unimarket is trusted by organizations from a diverse range of
industries, including higher education, healthcare, government,
research, and financial services. For more information, visit
Unimarket.com.
About Finexio
Finexio is the leading AP Payments-as-a-Service company focused on
embedding end-to-end business-to-business payment capabilities
within Procurement, AP Software Platforms and Financial
Institutions. This embedded payments-as-a-service solution
represents a powerful disruption to traditional, disjointed
manual-based AP processes. Finexio's modern, efficient service
model, robust API, SSO capabilities, and differentiated service
capabilities translate to valuable recurring revenue streams and a
strong competitive position for our customers and partners. For
more information, visit Finexio.com.
Media Contact
Lou Hughes, Unimarket,
5615080128,
lou.hughes@movingminds.io, https://www.unimarket.com
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SOURCE Unimarket