Boost Payment Solutions and FIS have announced a partnership aimed at improving B2B virtual card payments and automating financial processes for enterprise clients.
Automation of B2B Payment Processes
The partnership between Boost Payment Solutions and FIS targets the automation and enhancement of accounts receivable (AR) and accounts payable (AP) processes for enterprise clients. This is expected to address inefficiencies in traditional payment methods.
Partnership Goals in Finance
According to Dean M. Leavitt, CEO of Boost, the integration with FIS will provide a fully automated and scalable solution for commercial card acceptance, thereby reducing manual workload. The partnership emphasizes the acceleration of cash flow and maximization of AR automation benefits.
Trends in Finance and Digitization
The partnership focuses on fintech infrastructure and does not mention any impacts on cryptocurrencies such as ETH or BTC. Similar partnerships historically improve payment processing efficiency and reduce fraud risks.
The collaboration between Boost Payment Solutions and FIS reflects the drive towards improving financial processes and embracing digital technologies. These changes have the potential to lead to significant improvements in the B2B sector.
