Dynamics 365 Business Central customers can
now elevate their accounting workflow and payments leveraging
Nuvei's B2B technology embedded directly into their ERP
MONTREAL, Jan. 30 2024
/PRNewswire/ -- Nuvei Corporation ("Nuvei" or the "Company")
(Nasdaq: NVEI) (TSX: NVEI), the Canadian fintech company, announces
today that is has launched its first integration into Microsoft
Dynamics 365 Business Central, an Enterprise Resource Planning
(ERP) solution for small and medium-sized organizations.
Businesses across the globe can now seamlessly integrate all
relevant payment methods including card payments and instant bank
transfers (including ACH transactions in the U.S.), and
disbursement services into their business operations through their
existing Dynamics 365 Business Central module. Nuvei's deep
knowledge of embedded ERP payments and best-in-class accounts
receivable (AR) automation software is removing friction around
accounting workflows, back-office reconciliation, and streamlining
performance for finance departments of Business Central customers
in verticals such as manufacturing, distribution, wholesale, and
construction.
Nuvei's robust integration and proprietary technology includes
invoice matching and proprietary cash acceleration tools, which can
be leveraged to enable shorter DSO (Days Sales Outstanding) or
receivables cycles. Businesses can also access near-real-time
payment information, enabling them to reconcile financial
information across systems with greater efficiency which enables
faster, more informed decision-making.
Nuvei Chair and CEO Philip Fayer
commented on the announcement: "Our mission is to enable our
customers to accelerate their growth through better engagement with
their customers. Our technology and expertise of B2B payments and
ERP systems enables us to equip businesses with payments through
their integrated commerce platform to reach their customers,
improve working capital, and drive internal efficiencies."
"Payments, including AR automation, is a critical component of
the user experience for ERP. We're thrilled that Nuvei has
integrated their payment platform with Microsoft Dynamics 365
Business Central, enhancing our offering for our customers," said
Mike Morton, Vice President,
Dynamics 365 Business Central at Microsoft.
This announcement is the latest from Nuvei as it continues to
build upon two decades of experience in the B2B payments space and
expand its sizeable portfolio of ERP integrations during a period
of rapid growth for the industry. In total, B2B payment volumes are
expected to exceed $120tn this year.
Fayer continued: "Integrating our payments technology to the
market leader in ERP directly connects us to thousands of
businesses and millions of users across the globe in a market with
substantial total addressable market (TAM). This is an exciting
strategic milestone as we grow our emerging payments channel."
Integrating Nuvei to Dynamics 365 Business Central is the latest
stage in the rollout of the global payments collaboration
with Microsoft that was announced last month. Nuvei will
continue to explore ways to work collaboratively with Microsoft
across geographies and use cases through this partnership.
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