REPAY, a leading provider of vertically-integrated payment solutions, has teamed up with PDI Technologies, a global leader in delivering essential solutions and insights that support the convenience retail and petroleum wholesale sectors.
The alliance has been formed with the goal of automating accounts payable (AP) processes for PDI Enterprise customers, promising a transformation in how vendor payments are managed.
The reason for this partnership is to bring REPAY’s innovative AP automation to PDI’s customer base, enabling digital optimisation of vendor payments. This strategic move is designed to enhance operational efficiency and streamline internal workflows, thereby impacting the bottom line positively for businesses involved.
REPAY specializes in integrated payment processing solutions across various industries with unique transaction processing requirements. Their proprietary technology platform simplifies electronic payments for clients, enriching the payment experience for both consumers and businesses.
On the other hand, PDI Technologies stands as a backbone to the convenience retail and petroleum wholesale ecosystem, providing powerful solutions and valuable insights that empower their clientele.
This collaboration is set to introduce a novel and dynamic AP automation solution within the PDI Enterprise offerings. By adopting REPAY’s embedded payment technology, PDI’s customers can modernise and optimise their outbound payments. This integration not only removes manual and paper-centric processes but also mitigates risks by reducing human error and phasing out paper checks. The digitisation of payment methods, including the use of virtual cards, affords increased control and enhanced visibility into the payment cycle.
The synergy between REPAY and PDI is expected to resolve the typically cumbersome and cost-intensive manual AP operations that retailers and wholesalers often grapple with. Drew Mize of PDI highlighted the potential for reducing costs and boosting employee productivity when REPAY’s solutions are integrated with PDI Enterprise software.
“REPAY’s mission is to provide best-in-class payment solutions that allow businesses of all types to easily embrace digital payments that provide a better experience for clients, vendors and employees,” REPAY EVP, Business Payments Darin Horrocks said, “We are thrilled to partner with PDI to help their customers digitize AP vendor payments and realize efficiencies that ultimately benefit the bottom line.”
PDI EVP and GM, North America Enterprise Productivity, Drew Mize said, “Having a proven and reliable full-service B2B AP payments solution like REPAY helps retailers and wholesalers solve what is otherwise a cumbersome manual process often associated with high costs, payment delays and fraud risk,” and “PDI customers can reduce costs and improve employee productivity when integrating REPAY with the PDI Enterprise solution.”
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