Transforming Hotel Payments with REPAY and Otelier Integration
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Revolutionizing Vendor Payments in Hospitality
In a recent significant development, REPAY Holdings Corporation (NASDAQ: RPAY), a frontrunner in vertically-integrated payment solutions, has announced an exciting integration with Otelier, a leading hospitality software and performance optimization platform. This collaboration aims to change the landscape of vendor payments within the hospitality industry by streamlining the entire process through the DigiPay platform, allowing hotels to manage their financial obligations more efficiently.
Automating Accounts Payable with DigiPay
REPAY’s innovative vendor payment automation not only expands Otelier's DigiPay capabilities but also revolutionizes accounts payable for hotels. By digitizing the outbound payment process, hotels can eliminate the traditional back-office complexities. This means fewer resources are spent on tedious tasks like checking and processing invoices, resulting in significant time savings and improved financial control. Otelier DigiPay enhances these back-office operations by offering comprehensive automation features that allow hotel staff to focus more on guest services rather than administrative duties.
A Commitment from Industry Leaders
Vic Chynoweth, CEO of Otelier, expressed enthusiasm about the partnership, stating, "Hoteliers are spending too much time and utilizing too many resources each week paying vendors and managing the payment process. We are thrilled to integrate with REPAY to digitize the vendor payment process within DigiPay for faster and more secure payments, allowing our clients to return to providing exceptional hospitality." This commitment highlights the shared vision of both companies to enhance efficiency and customer satisfaction in the hospitality sector.
Features of the New Integration
The integration between REPAY and Otelier facilitates a comprehensive solution for hotel operators by automating vendor payments and invoice management through a single interface. Among the key features are the availability of virtual cards and ACH transactions, which ensure that payments can be processed swiftly and securely.
Streamlined Operations for Better Guest Experience
This seamless end-to-end payment process reduces the time and effort required in financial transactions, empowering hotels to provide a better overall experience for their guests. With the advanced technology from REPAY synchronized with the powerful optimization features of Otelier, hotels can manage their finances more efficiently than ever before.
What This Means for the Hospitality Industry
Darin Horrocks, Executive Vice President of Business Payments at REPAY, notes, "Our integration with Otelier represents a significant step forward in our mission to provide innovative payment solutions that meet the unique needs of various industries. By combining our cutting-edge payment technology with Otelier DigiPay’s powerful platform, we are empowering hotel operators to achieve unparalleled efficiency and focus on delivering exceptional hospitality." This transformative partnership underlines the importance of technology in modernizing financial operations in the hospitality sector.
About REPAY
REPAY is dedicated to providing integrated payment processing solutions tailored for industries with unique transaction processing needs. Their proprietary technology simplifies electronic payments, leading to a more straightforward and efficient operation for both clients and customers.
About Otelier
Otelier enhances the operational efficiency of over 10,000 hotels globally by equipping hotel owners and operators with data-driven insights and tools. Their suite of products includes DigiAudit for compliance, TruePlan for budgeting, IntelliSight for business intelligence, DigiPay for accounts payable automation, and Rec for financial reconciliations. For more insights into their offerings, visit their website at otelier.io.
Frequently Asked Questions
What is the significance of the REPAY and Otelier integration?
This integration allows hotels to automate vendor payments and manage invoices easily, enhancing operational efficiency and enabling staff to focus on guest services.
How does DigiPay improve accounts payable processes?
DigiPay automates the payment process, reducing the time and resources spent on managing invoices and checks, leading to greater efficiency in financial operations.
What are the payment options available through this integration?
Hotels can leverage virtual cards and ACH for swift and secure payment transactions within the DigiPay platform.
Who benefits from the REPAY and Otelier partnership?
This collaboration primarily benefits hotel operators by providing them with a streamlined and efficient financial management solution.
Where can I learn more about REPAY and Otelier?
For further information, you can visit REPAY’s and Otelier’s websites to explore their innovative solutions and how they can enhance operational efficiency in the hospitality sector.
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