EPI-USE and Fiserv Unite for Enhanced Payment Solutions
EPI-USE Enhances Collaboration with Fiserv
EPI-USE, a prominent player in the realm of cloud-based SAP systems, has recently announced a strategic collaboration with Fiserv. This partnership aims to harness the power of cutting-edge payment technologies to greatly enhance financial reconciliation processes and digital payment solutions for businesses.
Streamlining Payment Processes
Building upon their already strong relationship, EPI-USE and Fiserv are set to integrate EPI-USE's smart payment technology with Fiserv’s CardConnect platform. This advancement is designed to simplify and automate the reconciliation processes associated with digital payments, significantly reducing errors and improving operational efficiency. Furthermore, this collaboration enhances the capabilities for fraud prevention.
Innovative ERP Payment Reconciliation
In line with the launch of the AWS SDK for SAP, EPI-USE has introduced its ERP Payment Reconciliation software, a robust solution allowing organizations to reconcile payments in real-time. This software not only streamlines financial workflows but also minimizes the costs associated with collections, providing specialized merchant acceptance tools to mitigate payment fraud risks. Features such as vendor registration, account holder verification, OFAC checks, and EIN/TIN matching enable businesses to manage transactions with greater security and accuracy.
Introducing SnapPay from Fiserv
EPI-USE has also added SnapPay to its offerings, a tool designed to enhance the Order-to-Cash process and modernize back-office operations. SnapPay delivers certified ERP integrations for various platforms including SAP, Workday, and Oracle, facilitating automation in accounting workflows. This not only boosts visibility over cash flow but also fortifies payment security and enhances fraud prevention measures.
Availability Across Diverse Industries
The ERP Payment Reconciliation solution from EPI-USE is designed for compatibility with most Enterprise Resource Planning systems, extending its availability beyond just SAP. This includes options for 'RISE WITH SAP' and 'GROW', adaptable to both private and public cloud environments. Industries that can particularly benefit include Public Sector, Retail, Telecommunications, and Utilities, all of which involve the acceptance of digital payments.
A Vision for the Future
Expressing enthusiasm about this collaboration, Christopher Belford from EPI-USE stated, "We are delighted to bring this innovative combination of technology to our clients, jointly with Fiserv. With integrated Fiserv payment processing technology, our clients can achieve more automation, greater associated efficiencies, and modernized financial workflows." This collaboration not only streamlines the payment process but also sets a new standard for operational efficiency in financial management.
About EPI-USE and Group Elephant
EPI-USE is part of Group Elephant, which employs a global workforce of over 4,200 individuals across 42 countries. The group provides services to more than 2,000 organizations worldwide, establishing itself as a leader in designing, building, and deploying cloud-based, hybrid, and on-premises SAP systems tailored for large enterprises and public sector agencies.
Frequently Asked Questions
What is the purpose of the collaboration between EPI-USE and Fiserv?
This collaboration aims to enhance digital payment processing and streamline financial reconciliations for organizations, reducing errors and improving operational efficiency.
What technologies are being integrated in this partnership?
EPI-USE's smart payment technology is being integrated with Fiserv's CardConnect, enabling seamless reconciliation processes.
What benefits does ERP Payment Reconciliation offer?
The ERP Payment Reconciliation software allows businesses to reconcile payments in real-time, reduce costs of collection, and enhance fraud prevention capabilities.
Who can benefit from the new SnapPay feature?
SnapPay is designed for organizations utilizing various ERP platforms such as SAP, Workday, and Oracle, benefiting industries like public sector, retail, and telecommunications.
What is the size and scope of Group Elephant?
Group Elephant employs over 4,200 people globally and services more than 2,000 organizations, focusing on delivering innovative SAP system solutions.
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