A new off-balance sheet funding solution is integrated into leading ERPs.Businesses can accelerate payments from every customer invoice
montreal, April 11, 2024 /CNW/ — Canadian fintech company Nuvei Corporation (Nasdaq: NVEI) (TSX: NVEI) today announced new invoice financing integrated into several leading enterprise resource planning (ERP) platforms, including Sage. We have announced the start of our service. And Akumatica. This new service will enable merchants to access Nuvei's invoice financing solutions directly within their ERP system, optimizing cash flow and utilizing working capital more efficiently.
Nuvei's flagship Accounts Receivable Automation Suite is purpose-built to help customers manage and improve their DSO (Sales Balance). The launch of invoice financing represents an off-balance sheet extension of this solution, offering new and existing customers greater certainty of same-day or next-day cash.
Invoice financing has emerged as an important tool to scale for businesses seeking innovative solutions to effectively manage their finances in an era of high interest rates. Nuvei's invoice financing solution allows businesses to quickly make payments from customers invoiced through their ERP with just one click. Nuvei's invoice financing allows businesses to not only receive the cash they need quickly, but also benefit from unique competitive rates made available through existing payment transaction data.
Key benefits and features of Nuvei's integrated invoice financing service include:
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Instant access to capital: Businesses can now access cash within 24 hours by converting unpaid invoices into instant working capital to pay suppliers, cover operating costs, capture urgent business opportunities, and more. will be able to address your financial needs.
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Strengthen cash flow management: With one-click invoice financing seamlessly integrated into ERP, businesses can maintain healthier cash flow by converting unpaid invoices into immediate working capital.
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Seamless integration with existing workflows: General ledger (GL) entries for loans and repayments are automatically reflected in the ERP system and associated with financed invoices.
The integration process features smooth onboarding and fast disbursement of funds within 24 hours of choosing invoice financing.
“Our mission is to bring our customers closer to us through our unique payments technology and solutions, enabling them to accelerate their growth.” Philip Feyer, Chairman and CEO of Nuvei. “By integrating our invoice finance services with leading ERP platforms, we are enabling businesses to unlock financial flexibility and optimize cash flow management, ultimately supporting the ever-evolving business environment. We support the success of companies in
About Nuvei
Nuvei (Nasdaq: NVEI) (TSX: NVEI) is a Canadian fintech company that accelerates business for customers around the world. Nuvei's modular, flexible and scalable technology enables leading enterprises to accept next-generation payments, offer a full range of payment options, and benefit from card issuance, banking, risk and fraud management services. Nuvei connects businesses and customers in over 200 markets with local sourcing in 50 markets, 150 currencies, and 680 alternative payment methods, helping customers and partners succeed locally and globally with his one integration. We provide the technology and insights to help you.
For more information, please visit www.nuvei.com.
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