January 18, 2017 — San Francisco and Beaverton, Ore., — Nvoicepay, the leader in payment automation software for the enterprise, announced it is integrating Mastercard's inControl for Commercial Payments to accelerate and streamline supplier payments.
"Mastercard created inControl for Commercial Payments as a platform that empowers businesses to determine how, when, and where card payments can be made. As more businesses leverage virtual cards to execute and reconcile their supplier payments, we team with payment providers like Nvoicepay to help make business payments as simple and straightforward as consumer payments," said Eugene DeSilva, Senior Vice President of Commercial Products for Mastercard.
Nvoicepay's 2,500 customers have reduced accounts payable costs by 75% and benefited $5 per payment by increasing efficiency, reducing costs, and receiving rebates.
"The B2B payment market has reached an inflection point as more businesses are realizing that payment automation is a critical element for scaling financial operations and streamlining their supplier payments," said Karla Friede, CEO and Co-Founder of Nvoicepay. "Working with Mastercard supports our collective efforts to promote the benefits of payment automation to the next generation of enterprise businesses."
Nvoicepay transforms the massive and expensive effort that goes into paying suppliers into a simple and automated solution. In addition, Nvoicepay offers comprehensive supplier services through their Payment Command Center and the strongest security in the industry. By automating all payments, Nvoicepay unlocks resources and immediately reduces accounts payable costs by 75 percent. Learn more at www.nvoicepay.com and follow us on Twitter at @Nvoicepay.
Read the original press release on PR Newswire.