Nubei has launched a service that allows merchants to access invoice financing solutions directly within their enterprise resource planning (ERP) systems.
The service integrates the solution with several major ERPs. sage and AkumaticaThe company announced on Thursday (April 11). press release.
“By integrating our invoice financial services with leading ERP platforms, we are enabling businesses to unlock financial flexibility, optimize cash flow management, and ultimately improve business performance in an ever-evolving business environment. We support your success.” Philip FeyerNuvei Chairman and CEO said in a release.
According to a press release, the Invoice Financing service is an off-balance sheet extension of Nuvei's Accounts Receivable Automation suite, designed to help customers manage and improve their sales balances (DSOs).
Invoice financing allows businesses to access cash within 24 hours by converting unpaid invoices into instant working capital, enhancing cash flow with one-click financing integrated into ERP systems. It is stated in the release.
With each release, general ledger entries for loans and repayments are automatically reflected in the ERP system and associated with financed invoices, allowing businesses to seamlessly integrate the solution with their existing workflows.
“Invoice financing is emerging as an important scaling tool for businesses seeking innovative solutions to effectively manage their finances in an era of high interest rates,” the press release said. Are listed. “Nuvei's invoice financing solution allows businesses to quickly make payments from customers invoiced through their ERP with just one click.”
The launch of the service comes about two weeks after Nuvei announced a $6.3 billion deal with a private equity firm. advent international Among them, Nuvei Private enterprises.
“This transaction marks the beginning of an exciting new chapter for Nuvei. We are pleased to partner with Advent to continue delivering for our customers and employees and take advantage of the significant opportunities this investment presents.” ,” Feyer said when announcing the transition. April 1st.
Another recent introduction in this field is Intuit Quickbooks announced in March that it had added a line of credit. small business loan Options available through the platform.
of QuickBooks Line of Credit This gives small businesses access to funds ranging from $1,000 to $50,000, allowing them to leverage the funds when and how they need to use it.
