Business
REPAY to Power Accounts Payable Payments for Optima Global Solutions
REPAY’s payment functionality will be integrated directly into Optima’s accounts payable automation solution, transcendAP ATLANTA--(BUSINESS WIRE)-- Repay
About this update from Repay Holdings Corporation
[{"type":"text","content":"\nREPAY’s payment functionality will be integrated directly into Optima’s accounts payable automation solution, transcendAP\n\n ATLANTA--(BUSINESS WIRE)--\nRepay Holdings Corporation (NASDAQ: RPAY) (“REPAY”), a leading provider of vertically-integrated payment solutions, today announced a new technology integration with Optima Global Solutions (“Optima”), a software and services firm specializing in providing IT consulting and digital transformation solutions. The integration will enable Optima’s customers to further streamline accounts payable processes and securely pay vendors and suppliers directly through transcendAP, Optima’s intelligent accounts payable automation solution for efficient and secure payment of approved invoices.\n\ntranscendAP, built on Kofax TotalAgility®, the market leading intelligent automation platform, streamlines the procure to pay lifecycle through automatically capturing, extracting, classifying and processing purchase order and non-purchase order invoices. Available on the cloud, transcendAP includes purchase order (2way) and receipt (3way) matching, role-based approval workflows, exception processing, notifications, intelligent GL coding, end-to-end analytics and real-time ERP integration to single or multiple ERPs.\n\nIn tandem with transcendAP’s back-office benefits, the REPAY integration allows businesses to seamlessly pay vendors by streamlining and automating digital outbound payments. Additionally, clients using REPAY’s technology can significantly reduce their fraud risk and earn rebates through the use of virtual cards, which are designated for a single use and specific dollar amount.\n\nThe two companies also partner with Sigma Analytics, a professional firm that specializes in accounts payable optimization and monetization through utilizing advanced analytics to audit suppliers and accounts payable to identify and recover lost profits due to overpayments and errors. Together, REPAY, Optima and Sigma Analytics offer a comprehensive digital solution for managing accounts payable that reduces risk, saves time and optimizes and monetizes AP payments.\n\n“The accounts payable process is daunting for businesses across verticals,” said Darin Horrocks, EVP, Business Payments, REPAY. “Through our work with Optima, we’re enabling a full service back-office solution, adding automated payments to a ...