Quadient and Nuvei Join Forces to Transform Payment Solutions
Quadient and Nuvei Forge Strategic Partnership
In an effort to enhance payment solutions for businesses worldwide, Quadient (Euronext Paris: QDT), a leader in automation platforms, has announced a strategic partnership with Nuvei, a cutting-edge global payments technology company. This collaboration aims to integrate Nuvei’s robust payment processing capabilities into Quadient’s cloud-based solutions for Accounts Receivable (AR) and Accounts Payable (AP), offering a seamless and secure platform for businesses of all sizes.
Elevating B2B Payment Efficiency
The core focus of this partnership is to provide businesses with an efficient way to manage B2B payments. The integration of advanced payment processing technology means companies can now handle their financial transactions more effectively and securely, tackling a significant pain point in the global B2B payments landscape, which is valued at approximately $120 trillion. Many small and medium-sized enterprises have struggled with outdated systems that are fragmented and inefficient, making this partnership particularly timely.
Streamlined Financial Processes Across Borders
With Quadient’s innovative approach, businesses can expect a unified, scalable, cloud-based environment that simplifies the complexities of financial operations across various currencies and payment methods. The company is dedicated to not only automating AR and AP functions but also introducing functionalities that greatly enhance cash flow management. These include customer onboarding processes, seamless pay-ins and payouts, and effective risk management strategies.
Empowerment Through Technology
Chris Hartigan, Chief Solution Officer at Quadient, expressed enthusiasm regarding this partnership, stating, “We’re excited to offer our customers a solution that transcends traditional payment automation. Our goal is to empower businesses to modernize their financial processes, streamline workflows, and achieve more meaningful customer interactions. By leveraging our cloud platform, organizations can gain invaluable financial insights that drive sustainable growth in a digital-first world.”
The Vision of Seamless Transactions
Philip Fayer, CEO of Nuvei, highlighted the advantages of this integration, noting, “Working alongside partners like Quadient enables us to deliver comprehensive, enterprise-level solutions that revolutionize the payment experience for businesses. Our technology not only optimizes payment processes but also allows for effective management of transactions in multiple currencies through a singular solution.” This collaboration paves the way for enhanced transaction capabilities that are essential for success in today’s global marketplace.
About Quadient
Quadient is recognized for its commitment to providing secure and sustainable business connections via a diverse range of digital and physical channels. The company assists organizations in navigating their digital transformation journeys, boosting operational efficiency, and fostering customer-centric experiences. Listed on Euronext Paris under the ticker QDT, Quadient is also part of esteemed indices like the CAC® Mid & Small and EnterNext® Tech 40, showcasing its significant presence in the market.
About Nuvei
As a pioneer in B2B payment solutions, Nuvei offers forward-thinking technology that enhances customer payment methods and creates opportunities for new revenue streams. This robust solution empowers existing software offerings, resulting in an enriched payment experience.
Frequently Asked Questions
What is the main purpose of the Quadient and Nuvei partnership?
The partnership aims to enhance cloud payment capabilities for businesses globally by integrating Nuvei's advanced payment processing technology into Quadient's solutions.
How does this partnership benefit small and medium-sized enterprises?
It provides SMEs with a unified platform to manage B2B payments more efficiently, addressing challenges arising from fragmented systems.
What functionalities will Quadient's payment solutions offer?
Quadient’s solutions will include features like customer onboarding, pay-ins and payouts, and risk management.
Can you explain the significance of the $120 trillion B2B payments ecosystem?
This figure represents the vast and complex financial landscape in which many businesses operate, making efficient payment solutions critical for success.
Who can I contact for more information regarding this partnership?
For inquiries, individuals can reach out to Joe Scolaro from Quadient or Alex Hammond from Nuvei for further details.
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