Canadian fintech firm Nuvei Company (TSX:NVEI) has launched its enhanced funds resolution for business-to-business (B2B) funds in Canada.
B2B companies working with Nuvei are actually in a position to provide their clients in Canada a holistic funds resolution together with Card-Not-Current and account-to-account processing capabilities, Degree 3 processing and Nuvei’s superior proprietary accounts receivable (AR) resolution, immediately built-in with their enterprise useful resource planning (ERP) system.
Advantages of Nuvei’s AR resolution embody simplified workflows and again workplace efficiencies, distinctive cost capabilities designed to deal with the nuances and complexities of enterprise to enterprise commerce, and shortened bill to money cycles.
B2B funds is a quickly rising sector of the Canadian funds panorama, in addition to a requirement for the continuing development of many companies targeted on home or cross-border commerce in Canada.
Nuvei is leveraging current deep integrations into lots of the main ERP resolution suppliers working in Canada by means of partnerships in different geographies to speed up its launch within the nation.
Nuvei’s distinctive B2B cost capabilities are sometimes powered by means of back-end integrations with ERP software program techniques that permit organizations to handle day-to-day actions throughout operations, finance, procurement, and commerce.
Extra options of Nuvei’s B2B cost operate that are actually obtainable to Canadian companies embody the power to offset the price of card acceptance with payment restoration, automated invoicing – saving each money and time, tokenized cost account info that’s saved on file and accessible, and dynamic discounting to additional scale back the size of time to entry money.
Philip Fayer, Nuvei Chair and CEO, commented on the announcement:
“B2B funds is a key development vertical for Nuvei. We’ve had great success supporting our companions and their clients with main funds options within the U.S., so we’re thrilled to be increasing our capabilities internationally.”
“We’re a global funds providers supplier, however our roots are in Canada, so we’re notably happy to be bringing this much-needed holistic funds resolution to companies and our companions supporting companies within the Canadian market.”