Leading payment processor, Noventis, Inc. (Noventis) and Nexus, a leader in AP automation, today announced a partnership to expand the reach of virtual credit card payments to suppliers serving the real estate industry.
“With the Noventis partnership, Nexus can offer its utilities, insurance, and telecom suppliers an easy and automated virtual card payment process,” said Jennifer Coolidge, Nexus president and founder. “Suppliers will be able to receive virtual credit card payments effortlessly and securely with no adoption requirements.”
Noventis facilitates the automation of manual payments through its proprietary processing platform, which converts checks to virtual credit card payments and delivers them within hours to its vast payment network of national and regional suppliers. This patented processing technology is expanding the reach of electronic payments to suppliers who are not equipped to accept standard virtual credit card payments.
“Like Nexus, Noventis is committed to increasing efficiency and automating manual process for B2B payments,” said Blair Jeffery, COO of Noventis. “Our payment network and expertise in virtual credit card delivery, combined with Nexus’ industry-leading AP platform, show that even industries with inherent, longstanding barriers can reap the benefits of payment automation when FinTechs work together.”
Noventis develops innovative solutions to challenges around the delivery and acceptance of bill and invoice payments. Its state-of-the-art payment processing platform delivers payments to an ever-growing network of billers and suppliers. Leveraging the company’s patented technology, Noventis is improving speed and efficiency by eliminating paper checks through virtual cards and automating other related functions with straight through processing (STP).
With Nexus Procure-to-Pay software, real estate companies can manage every aspect of the accounts payable process – from purchase to payments – with just a few clicks. The web-based platform automates manual AP tasks and provides complete visibility into suppliers, budgets and spend. No more paper, wasted time, nor guesswork. Nexus makes it easy to maintain and expand the supplier relationships at the heart of the real estate business.