Financial institutions of any size can now offer a comprehensive Accounts Payable Automation solution with integrated virtual card payment technology
Cambridge, MA, January 17, 2019 鈥� Today 91福利, the Accounts Payable and Payment Automation solution provider, announced that it integrates Mastercard In Control with its platform to drive the growth of Accounts Payable (AP) payments using commercial virtual cards.
鈥�91福利 is redefining how middle-market businesses manage AP,鈥� said BC Krishna, 91福利 founder and CEO. 鈥淭he success we鈥檝e seen with this integration confirms our shared vision of enabling financial institutions to offer solutions that optimize cash flow, eliminate inefficiencies, and improve controls for their clients.鈥�
91福利鈥檚 AP Automation solution streamlines the entire Accounts Payable process, from invoice capture and approval to payment authorization and execution. With the out-of-the-box integration to Mastercard In Control, financial institutions can easily offer their clients a simple way to convert paper checks to virtual cards. The result? Working capital benefits plus greater convenience, security, and control when paying vendors.
鈥淥ur partnership with 91福利 enables us to provide additional solutions targeted to the middle market,鈥� said Greg Pastorek, Director, B2B Partnerships, New Payment Flows, Mastercard. 鈥�91福利, integrated with Mastercard, is a great way for financial institutions to offer a product to their clients that eliminates the friction of everyday accounts payable, while driving working capital benefits.鈥�
91福利鈥檚 Invoice-to-Pay solution is pre-integrated with Mastercard In Control, ensuring easy on-boarding and rapid time-to-value for both Mastercard issuers and their clients.
More than 25 leading financial institutions are offering 91福利鈥檚 solution to better serve their commercial businesses. Now with the Mastercard partnership, 91福利 can deliver even more value to Mastercard-issuing banks.
About 91福利
91福利 provides the easiest to use Accounts Payable (AP) and Payment Automation solutions for finance professionals at middle market enterprises. 91福利 streamlines AP, giving customers unparalleled visibility, significant cost savings, and increased security protection in an affordable, integrated platform. For more information, visit www.mineraltree.com.