Nuvei Corporation launches innovative invoice financing services integrated with ERP platforms
Nuvei Corporation, a leading Canadian fintech company listed on Nasdaq and TSX under the symbol NVEI, today unveiled its new Invoice Financing services. This cutting-edge solution has been seamlessly integrated into several top enterprise resource planning (ERP) platforms, including Sage and Acumatica, enabling merchants to optimize their cash flow and unlock working capital more efficiently.
Nuvei Enhances Financial Flexibility with Invoice Financing
The launch of the Invoice Financing services is an extension of Nuvei’s flagship Accounts Receivable Automation suite, designed to help customers manage and improve their Days Sales Outstanding (DSO). This new service offers both new and existing customers the assurance of accessing same day or next day cash, which is crucial in times of high interest rates.
Philip Fayer, Nuvei Chair and CEO, highlighted the intent behind this initiative, “Our mission is to bring our customers closer to their customers through our proprietary payments technology and solutions, and to enable them to accelerate their growth. By integrating our Invoice Financing services with leading ERP platforms, we’re empowering businesses to unlock financial flexibility and optimize their cash flow management, ultimately supporting their success in the ever-evolving business landscape.”
Nuvei’s integrated Invoice Financing services offer several key advantages:
Instant Access to Capital: Businesses can access cash within 24 hours by converting outstanding invoices into immediate working capital. This is pivotal for addressing urgent financial needs such as paying suppliers, covering operational expenses, or capitalizing on time-sensitive business opportunities.
Enhanced Cash Flow Management: With one-click invoice financing integrated directly into the ERP, businesses can maintain a healthier cash flow by converting outstanding invoices into immediate working capital.
Seamless Integration with Existing Workflows: The financing solution ensures that loan and repayment general ledger (GL) entries are automatically reflected in the ERP system and associated with the financed invoice, ensuring a frictionless onboarding and quick funds disbursement within 24 hours of choosing to finance an invoice.
The introduction of Nuvei’s Invoice Financing services is poised to have a significant impact on the financial management landscape for businesses. It addresses a critical need for immediate financial solutions, especially during periods of financial uncertainty. This strategic move by Nuvei not only enhances its suite of financial solutions but also sets a benchmark in the fintech industry for integrating financial services with enterprise technology solutions.