Veem, an accounts receivable (AR) and accounts payable (AP) community for small and medium-sized companies (SMBs), at present introduced a partnership with Finastra, a worldwide supplier of economic providers software program functions and marketplaces, to supply enterprise funds through a local integration with Finastra’s Fusion Digital Banking Platform.
Veem’s partnership with Finastra permits banks and different monetary establishments to supply revolutionary cost providers for SMBs leveraging automated digital invoicing and bill-pay capabilities. This partnership additionally streamlines the accounts payable and accounts receivable processes via digitization, leading to elevated efficiencies corresponding to time financial savings whereas enhancing operational efficiency.
Veem’s AP and AR providers could also be accessed instantly via Finastra’s Fusion Digital Banking, the place customers can navigate seamlessly to Veem’s funds community and carry out their transactions.
“Because the world continues to digitize and innovate like by no means earlier than, it’s essential that companies have the instruments they have to be environment friendly and react rapidly to the wants of their prospects,” mentioned Narendra Mistry, Chief Product Officer, Common Banking at Finastra. “We’re happy to work with Veem to make it simpler for banks to supply enhanced AP and AR providers for his or her prospects via Fusion Digital Banking.”
“Monetary establishments are searching for methods to assist their SMB shoppers digitize invoicing and invoice pay processes,” mentioned Marwan Forzley, CEO of Veem. “At Veem, we create digital options that make it very easy for SMBs to pay and receives a commission, each domestically and internationally”.