Corpay Unveils End-to-End Spend Management Solution, Corpay Complete
23 Janeiro 2024 - 10:30AM
Business Wire
The number-one B2B commercial Mastercard®
issuer in North America simplifies corporate payments and spending
into one easy-to-use, all-in-one, mobile-ready platform.
Corpay, a FLEETCOR® brand and global leader in business
payments, today announced the launch of Corpay Complete, a
next-generation spend management platform for corporate payments
and spending. The first-of-its-kind payment solution is now
available to new customers in the United States and Canada and to
eligible existing customers.
Corpay Complete uniquely combines all aspects of spend
management and payments into one mobile-ready platform. This
integrates corporate cards and expense reimbursements with accounts
payable (AP) automation and supplier payments into a unified
solution.
“Siloed software is fintech’s biggest problem, increasing costs,
slowing down collaboration, and causing inefficiencies. Through
Corpay Complete, we are finally breaking down these silos to give
finance teams a more complete and precise understanding of their
payments and working capital,” said Rick Fletcher, Group President
at Corpay. “Corpay Complete provides simpler, more efficient
management of expenses across both field & AP spend. No longer
do companies need to sacrifice rebates and payment controls at the
expense of easy-to-use payment approvals that work with their
ERP.”
As the number-one B2B commercial Mastercard® issuer in North
America, Corpay is one of the most financially stable non-banking
payments companies in the industry, which has allowed it to
establish trust between vendors and businesses of all kinds. The
company processes over one billion payment transactions annually
across multiple forms, including checks, automated clearing house
(ACH), virtual cards, and physical cards. This has enabled Corpay
to develop sophisticated algorithms to detect fraudulent
transactions and spending.
Built on Corpay’s fintech agility and unparalleled payments
scale, Corpay Complete is a culmination of the company’s
industry-leading payments, card networks, and cutting-edge software
capabilities developed through years of market experience, product
innovation, and customer insight. The platform seamlessly
integrates with dozens of ERP’s across industries including major
ERP’s like NetSuite, Sage & Microsoft Dynamics.
“We have been using Corpay products since 2020. Corpay Complete
is a great tool for our invoice automation process and continues to
meet our needs, even as our processes have evolved,” said Leah
Sickinger, Controller, VSC Fire & Security, Inc., a provider of
comprehensive fire protection, life safety, and low voltage
solutions to retailers, commercial campuses, healthcare facilities,
and government properties with 25 offices across 10 states.
The Corpay Complete platform provides a centralized hub with a
single user interface that can be accessed by multiple profiles,
from finance administrators to business managers to general
employees, with customized access and workflow rules for each
profile. This simplifies the corporate spending process by
integrating a wide range of functions, including:
- Purchase Order (PO) Automation: Mobile requisitions and
approvals allow users to request and approve POs on the go.
- Invoice Automation: Artificial intelligence and machine
learning technology automatically extracts data from invoices and
matches them to POs.
- Supplier Management: Vendor portal enables suppliers to
easily upload documents and check invoice payment statuses.
- Payments: Single-payment-file processing pulls directly
from clients’ ERP systems, allowing for vendor payments via any
method – ACH, check, or virtual card.
- Corporate Card: Customized controls for all types of
spend and industry-leading cash rebates tailored to purchasing
needs and cash flow.
- Virtual Cards: One-time-use cards locked to a specific
dollar amount to pay vendors, or for use by employees in the field,
backed by a network of 3M+ vendors.
- Expense Management: Optical character recognition
technology automatically matches receipts to card transactions,
simplifying the creation and filing of expense reports.
- U.S. & International Payments: Integration with all
U.S. banks and cross-border payments to over 200 countries.
For more information about Corpay Complete, please visit
www.corpay.com.
About Corpay
Corpay is a global leader in business payments, helping
companies of all sizes better track, manage, and pay their
expenses. Corpay provides customers with a comprehensive suite of
online payment solutions including Bill Payment, AP Automation,
Cross-Border Payments, Currency Risk Management, and Commercial
Card Programs. As the #1 B2B commercial Mastercard® issuer in North
America, Corpay handles over a billion transactions each year.
Corpay is part of the FLEETCOR (NYSE: FLT) portfolio of brands. To
learn more, visit www.corpay.com.
Source: FLEETCOR Technologies, Inc.
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version on businesswire.com: https://www.businesswire.com/news/home/20240123020475/en/
Press Contact: Chad Corley, 770-729-5021
Chad.corley@fleetcor.com
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