Quadient, a France-based global automation platform, and Nuvei, a Canada-based global payments company, have announced a strategic technology partnership aimed at enhancing cloud payment capabilities for businesses worldwide.
The collaboration sees Nuvei’s payment processing technology integrated into Quadient’s cloud-based Accounts Receivable (AR) and Accounts Payable (AP) automation solutions, offering organisations across North America, the UK, and Europe a unified platform for managing B2B payments.
This integration addresses ongoing challenges in the global B2B payments landscape, which is estimated to be worth US$120 trillion.
A significant portion of SMEs continue to depend on fragmented systems for managing financial transactions.
Quadient’s updated platform now provides automated AR and AP processes across various currencies, payment methods, and geographic regions.
The platform also incorporates features such as customer onboarding, inbound and outbound payments, and risk management tools.
These additions aim to support businesses in managing cash flow more effectively, aligning payment terms, and moving away from manual financial operations.
“We’re excited to be able to offer our customers globally a solution that goes beyond just automating payments. We’re empowering businesses to modernise and take control of their financial processes,”
said Chris Hartigan, Chief Solutions Officer, Digital, Quadient.
“With our cloud platform, we’re helping businesses streamline workflows, gain deeper financial insights, and build stronger relationships with customers and suppliers, driving efficiency and sustainable growth to succeed in an increasingly digital and regulated marketplace.”
Philip Fayer, Nuvei Chair and CEO, commented:
“By integrating our advanced payment processing technology into Quadient’s cloud platform, we’re enabling businesses to seamlessly manage transactions across multiple currencies and payment methods through a single, unified solution. We look forward to supporting Quadient as it empowers its customers with customised solutions to accelerate their growth.”
Featured image credit: Edited by Fintech News Switzerland, based on image by Freepik
