New off-balance sheet funding solution is
integrated into leading ERPs; enables businesses to expedite
payments from any customer invoice
MONTREAL, April 11,
2024 /CNW/ -- Nuvei Corporation (Nasdaq: NVEI) (TSX:
NVEI), the Canadian fintech company, today announces the launch of
its new Invoice Financing services that have been integrated into
several leading enterprise resource planning (ERP) platforms,
including Sage and Acumatica. This new service enables merchants to
access Nuvei's Invoice Financing solutions directly within their
ERP systems to optimize cash flow and unlock working capital more
efficiently.
Nuvei's flagship Accounts Receivable Automation suite is built
with the intent of helping customers manage and improve DSO (Days
Sales Outstanding). The launch of Invoice Financing represents an
off-balance sheet extension of this solution, providing new and
existing customers with a high degree of certainty to same day or
next day cash.
Invoice Financing has emerged as a crucial tool for businesses
to scale as they seek innovative solutions to manage their finances
effectively during a period of high interest rates. With one click,
Nuvei's Invoice Financing solution enables businesses to expedite
payments from any customer invoiced through their ERP. Invoice
Financing from Nuvei ensures that businesses not only receive the
cash they need promptly, but they also benefit from uniquely
favorable rates made available by existing payment transaction
data.
The key benefits and features of Nuvei's integrated Invoice
Financing services include:
- Instant access to capital: Businesses can gain access to
cash within 24 hours by converting outstanding invoices into
immediate working capital, enabling them to address immediate
financial needs such as paying suppliers, covering operational
expenses, or seizing time-sensitive business opportunities.
- Enhanced cash flow management: With one-click invoice
financing seamlessly integrated into the ERP, businesses can
maintain a healthier cash flow by converting outstanding invoices
into immediate working capital.
- Seamless integration with existing workflows: Loan and
repayment general ledger (GL) entries are automatically reflected
in the ERP system and associated with the financed invoice.
The integration process features frictionless onboarding and
quick funds disbursement within 24 hours of choosing to finance an
invoice.
"Our mission is to bring our customers closer to their customers
through our proprietary payments technology and solutions, and to
enable them to accelerate their growth," commented Philip Fayer, Nuvei Chair and CEO. "By
integrating our Invoice Financing services with leading ERP
platforms, we're empowering businesses to unlock financial
flexibility and optimize their cash flow management, ultimately
supporting their success in the ever-evolving business
landscape."
About Nuvei
Nuvei (Nasdaq: NVEI) (TSX: NVEI) is the Canadian fintech company
accelerating the business of clients around the world. Nuvei's
modular, flexible and scalable technology allows leading companies
to accept next-gen payments, offer all payout options and benefit
from card issuing, banking, risk and fraud management services.
Connecting businesses to their customers in more than 200 markets,
with local acquiring in 50 markets, 150 currencies and 680
alternative payment methods, Nuvei provides the technology and
insights for customers and partners to succeed locally and globally
with one integration.
For more information, visit www.nuvei.com
NVEI-IR
Contact:
Public Relations
alex.hammond@nuvei.com
Investor Relations
IR@nuvei.com
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SOURCE Nuvei
