Business
Usio Announces Strategic Partnership Agreement with Invoice Stream, Inc. to Create a Best-in-Class Invoice-to-Pay Solution for Small to Medium-Sized Businesses
Combined Solution Will Offer an Integrated Electronic Invoicing and Payments Platform Leveraging Usio’s Proprietary PayFac-in-a-Box and Driving Bi-directional
About this update from Usio, Inc.
[{"type":"text","content":"Combined Solution Will Offer an Integrated Electronic Invoicing and Payments Platform Leveraging Usio’s Proprietary PayFac-in-a-Box and Driving Bi-directional Growth in the B2B Sector.\nSAN ANTONIO, Dec. 10, 2019 (GLOBE NEWSWIRE) -- Usio (Nasdaq: USIO), a tech-enabled payment solutions provider, announced today that Invoice Stream, a provider of accounts payable invoice automation technology, has begun its integration to Usio’s ‘PayFac-in-a-Box’ platform. The relationship with Invoice Stream will enable USIO to expand its reach and focus into the B2B space.\n Commenting on the announcement, Vaden Landers, EVP and Chief Revenue Officer at Usio, said, “companies today continue to struggle with the challenges and costs associated with receiving, sending and/or paying paper invoices inside their business. Innovations in Electronic Bill Presentment and Payment (EBPP) have slowed, creating opportunities to capture market share. Our new partnership with Invoice Stream allows us to offer market participants in various industry segments with access to a solution set that takes them from paper to electronic - both in terms of the way bills are sent, received and ultimately paid - to the extent cash flows are dramatically improved.” Landers added, \"The Invoice Stream founders have extensive backgrounds working for Fortune 500 organizations and are well versed in the struggles organizations typically face in this respect. Those experiences uniquely position this team to bring to bear a tool that will be provided in a low to no cost environment, with revenues being derived in large part through the facilitation of payments and streamlining of what have traditionally been an overly manual set of processes.” Invoice Stream’s CEO, Thomas Perkins, noted, \"We are excited to announce our exclusive partnership with Usio. The combined solution is truly unique to the B2B market place. Organizations can now get free, lightning-fast, electronic invoicing capabilities while earning revenue from their outgoing payments. Instead of paying legacy P2P solution providers, organizations can now get paid by a solution provider to go electronic, which we believe is truly innovative in the AR/AP world today. With this new strategic partnership in place and a fully embedded payments capability along with it, we will deliver a comprehensive platform that can be ...