Liquid FSIs Convert2Pay integrates into billing software

Thursday 17 November 2016 13:11 CET | News

Liquid FSI has announced Convert2Pay, a financial technology platform designed to enhance product offerings from the alternative finance and factoring industries. 

According to Liquid FSI, “the SMB financing industry is reaching maturity with high cost of customer acquisition, declining renewal rates, ISO channel conflict, and stiff competition from new market entries like PayPal, Square, and American Express”.

Liquid FSI provides lenders with a business process improvement tool by offering a direct, low-cost channel to the healthcare market.  Factors will use Liquid FSI’s invoice verification function. Healthcare professionals can use Convert2Pay to convert claims/invoices on-demand to better management capital requirements.

“Since our strategy is to integrate our ‘View, Verify, Convert’ technology into the medical billing, healthcare practice and lab management ecosystem, it’s a win-win for lenders and borrowers.  In fact, one of our first customers is a major alternative lender that recognized the opportunity to connect directly.  The company signed a ‘white label’ software agreement and will be offering Liquid FSI as a flanker brand,” claims Liquid FSI.

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: Liquid FSI, Convert2Pay,, billing software, financial technology platform, factoring
Categories: Banking & Fintech | E-invoicing, SCF & E-procurement
Countries: World
This article is part of category

Banking & Fintech