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Unimarket Enhances Spend Management Platform with AP Payments as a Service
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.
‘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.
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