Canadian fintech company Nuvei Corporation (TSX:NVEI) today announces that it has launched its first integration with Microsoft Dynamics 365 Business Central, an Enterprise Resource Planning (ERP) solution for small and medium-sized organizations.
Businesses worldwide can now seamlessly integrate all relevant payment methods, including card payments and direct bank transfers (including US ACH transactions) and disbursement services into their business operations through the existing Dynamics 365 Business module Central.
Nuvei’s deep knowledge of integrated ERP payments and best-in-class accounts receivable (AR) automation software eliminates friction around accounting workflows, back-office reconciliation and performance streamlining for Business Central clients’ financial departments in industries such as manufacturing, distribution, wholesale and manufacturing.
Nuvei’s powerful integration and proprietary technology includes invoice matching and proprietary cash acceleration tools that can be leveraged to enable shorter Days Sales Outstanding (DSO) or receivables cycles. Businesses can also access payment information in near real-time, allowing them to harmonize financial information between systems more efficiently, which enables faster, more informed decision-making.
Nuvei President and CEO Philip Fayer commented:
“Our mission is to enable our customers to accelerate their growth through better engagement with their customers. Our technology and expertise in B2B payments and ERP systems enable us to equip payments businesses through their integrated commerce platform to reach their customers, improve working capital and increase internal efficiency.”
“Payments, including AR automation, is a critical element of the user experience for ERP. We are excited that Nuvei has integrated its payments platform with Microsoft Dynamics 365 Business Central, enhancing our offering for our customers,” said Mike Morton, Vice President of Microsoft Dynamics 365 Business Central.
This announcement is the latest from Nuvei as it continues to build on two decades of experience in the B2B payments space and expand its significant portfolio of ERP integrations during a period of rapid growth for the industry.
Nuvei’s integration with Dynamics 365 Business Central is the latest stage in the development of the global payments partnership with Microsoft announced last month. Nuvei will continue to explore ways to work with Microsoft across geographies and use cases through this partnership.