Fiserv, SAP partner to advance B2B enterprise payment solutions

Thursday 13 February 2020 14:15 CET | News

US-based fintech Fiserv and SAP have partnered to integrate their cloud-based enterprise payment solutions SnapPay and SAP digital payment add-ons.

The purpose of the partnership is for B2Bs to improve working capital and increase operating efficiency. SnapPay, Fiserv’s cloud-based AR solution from First Data and the company’s flagship enterprise payment solution, will integrate with SAP digital payment add-ons to better the digital payment methods between B2B companies and their customers. SnapPay will be able to facilitate card, Automated Clearing House (ACH), and new digital payment methods upon the integration of SAP ERP Central Component and SAP S/4HANA.

Furthermore, labor-intensive corporate treasury operations will be digitised into a real-time, automated, and secure experience through the new solution.

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Keywords: SnapPay, Fiserv, SAP, SAP ERP Central Component, SAP S/4HANA, ERP, e-invoicing, business process automation, accounts payable automation, digital payment methods, online payments, B2B payments, US, North America
Categories: Banking & Fintech
Countries: United States
This article is part of category

Banking & Fintech

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