Repay Holdings Corporation, a leading US-based financial technology firm, has entered into a strategic partnership with OMNIA Partners to expand its suite of automated Accounts Payable (AP) services within OMNIA Partners’ national supplier contracts portfolio.
This collaboration will offer a significant advantage to members and clients of both companies, providing them with access to cutting-edge automated AP services aimed at simplifying, optimizing, and digitizing vendor payments. The move is expected to revolutionize the Accounts Payable transaction experience, particularly for government and educational organizations.
Through REPAY’s innovative products, OMNIA Partners’ members will gain access to an integrated payment platform designed specifically for automating outbound payments. This forward-looking solution will enable organizations to transition away from traditional paper checks and embrace a more secure and efficient array of electronic payment options.
By joining forces, REPAY and OMNIA Partners aim to empower businesses and institutions with the tools they need to enhance their financial operations, reduce manual processes, and drive greater productivity in an increasingly digital world. The collaboration represents a significant step toward modernizing and streamlining financial processes for OMNIA Partners’ extensive network of members and clients.
As the partnership unfolds, businesses and institutions across the nation can look forward to more efficient and secure vendor payment processes, ultimately contributing to increased operational efficiency and cost savings. This initiative aligns with the broader industry trend towards digital transformation, offering a powerful solution for organizations seeking to stay at the forefront of financial technology.
AP teams will be given the possibility to improve operational efficiencies, save time and resources while optimising the overall experiences for suppliers and vendors, as well as access secure real-time updates. In addition, AP automation will also simplify the manner in which organisations pay to reduce the costs and risks that are associated with manual payment procedures.
REPAY’s recent strategy of development
REPAY had multiple collaborations and launches in the last couple of months, covering several different geographic areas around the world.
In September 2023, US-based Repay Holdings Corporation announced its partnership with Quadient to optimise the latter’s AP automation platform with embedded payment capabilities and offerings. Throughout this collaboration, the firms were set to enable clients and businesses to further automate AP processes, in order to streamline and digitalise their overall workflows. This focused on reducing the manual efforts and to deliver more value to their users, customers, and vendors.
Earlier in August 2023, the company extended its eCash acceptance functionalities and operations for lenders and other businesses. The aim was set on receiving bill and loan installment payments for their clients and users. Through digitising and integrating cash transactions, firms were enabled to optimise their customer satisfaction and experience by providing them with more payment choices across the REPAY’s verticals. These included auto finance, mortgages, credit unions, and personal finances.
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