EXECUTIVE INSIGHT
Q . HOW ARE FINEXIO ’ S PARTNERSHIPS WITH MAJOR PROCUREMENT AND FINANCIAL SOFTWARE PROVIDERS SHAPING THE FUTURE OF EMBEDDED PAYMENTS ?
» We partner with them in a deep and strategic way , helping them understand how and why the payments component is an inextricably linked part of the procure-to-pay process . Customers now expect that if it says “ procure-topay ”, it better have the “ pay ” as part of it , and it needs to be good .
We ’ re enabling and empowering that competitive differentiation and real value by leading with software companies , which is the future of financial services – versus bringing in solutions from banks that have been hamstrung by regulators , are very slow to move and react and frankly , it ’ s just not their business or culture .
For nearly a decade , we ’ ve been shaping this future of embedded accounts payable procure-to-pay payments through tight integration with software systems , bringing strong security and compliance specifically focused on helping customers prevent and eliminate fraud by getting rid of cheques and implementing tight controls around bank account information , storage , collection and change management .
We help corporations who tell us , “ Look , we ’ ve got to pay thousands of suppliers a year , but we only have five employees in this area .” It ’ s that beyondhuman-scale problem of enabling the transition away from paper-based payment methods , signup methods and retention methods , into a digital workflow that is truly scaled and instantly scalable .
We ’ re constantly innovating with our partners in areas like preemptively examining invoices and finding ways to dynamically shift suppliers to better payment methods . If suppliers indicate they want to migrate but the corporate doesn ’ t have the tools , offers or staff to help them migrate into a better workflow , our intelligent automation can come into play and drive a positive result . That aligns with the values of these procure-to-pay software companies that are also trying to help businesses improve .
Companies using digitised AP systems have seen
4x
HIGHER
adoption of strategic payment methods among suppliers , unlocking greater financial value
72 March 2025