• Quadient has integrated REPAY’s embedded payments technology into its Accounts Payable automation solution.
• The embedded payments capabilities will enable Quadient clients to pay vendor and supplier invoices using digital payment methods.
• By including embedded payments in the accounts payable process, companies save time, reduce costs, and benefit from increased visibility around their expenses. 

Customer experience expert Quadient has teamed up with payment processing company REPAY to create a better user experience around its Accounts Payable automation solution.

Under the partnership, REPAY’s embedded payments technology will be available to companies using Quadient’s Accounts Payable automation solution. The integration will enable Quadient clients to pay vendor and supplier invoices using digital payment methods, including virtual card, ACH, Enhanced ACH and Real-Time Payments. As a result, companies save time, reduce costs, and benefit from increased visibility around their expenses. 

“Both Quadient and REPAY are committed to the ongoing evolution of embedded payment solutions that drive automation while simplifying and optimizing the accounts payable process,” said REPAY EVP, Business Payments Darin Horrocks. “We’re thrilled to join forces with Quadient and look forward to working together on new ways to optimize payments and integrate our technologies for improved cash flow, streamlined internal processes, and increased customer and vendor satisfaction.”

Quadient, formerly known as GMC Software, was founded in 1924 to offer companies mailing solutions and business supplies. Over time, the company transitioned into the digital world, and now– in addition to paper mailing solutions– offers both accounts payable and accounts receivable automation tools, as well as customer communication technologies.

Atlanta, Georgia-based REPAY was founded in 2006 and offers payment processing tools to its 24,500 clients. The company, which processes $27.2 billion each year, counts clients across a range of industries, including healthcare, banking, education, automotive, and more.

While much of the talk around embedded finance centers around the end consumer, there is a lot of room for embedded finance tools in the enterprise space. Embedded payments solutions, specifically, remove friction, speed up processes around invoice payments, and create a better overall user experience.

Photo by Tim Samuel

• Business software company Quadient and process automation solutions company Esker have partnered with the French government via a joint subsidiary NCS.
• The partnership is designed to help businesses comply with new regulations governing the issuance and receipt of invoices between VAT taxpayers.
• Quadient most recently demoed its technology at FinovateEurope 2018 in London.

Business software company Quadient and process automation solutions company Esker have announced a new partnership with the French government. Via their joint subsidiary NCS, Quadient and Esker will help ensure that businesses are able to comply with upcoming French tax regulations, specifically with regard to electronic invoice receipt and transmission.

The new legislation applies to invoices exchanged between VAT taxpayers, mandating that these invoices must be transmitted in either a structured data format (UBL, UNCEFACT CII) or hybrid format (Factur-X). Rollout of the new regulations begins in the summer of 2024 and continues through January 1, 2026. At that point all micro, small, and medium-sized businesses will be expected to comply.

“The widespread implementation of electronic invoicing over the next three years is a major challenge for the four million companies in France,” Quadient Chief Strategy and Product Officer for Intelligent Document Automation Nicolas de Beco said. “As a major player in the electronic document management market for small and medium-sized businesses, we look forward to our continued partnership with Esker, in which we join forces and expertise to offer businesses straightforward and efficient invoicing process automation.”

Beyond ensuring compliance with impending regulatory changes, the partnership between Quadient and Esker will bring a variety of benefits to French businesses. The list of complimentary services ranges from centralized workflow management and business process automation to invoice archiving, payment reconciliation, and reporting. The interoperability of these services with other business platforms and solutions will give French companies greater capacity to improve operations, pursue digital transformation, and enhance their cash management.

“As long-standing partners, our two companies have demonstrated their ability to work together to deliver innovative solutions that benefit thousands of businesses in France today,” Esker COO Emmanuel Olivier said.

Headquartered in France and founded in 1992, Quadient most recently demoed its technology on the Finovate stage at FinovateEurope 2018. The company’s partnership news with Esker and the French government comes just weeks after Quadient launched its Parcel Pending smart parcel lockers in Ireland to help modernize the residential property market in the country.

Photo by Martijn Adegeest