Boost and Esker team to automate B2B virtual card processing

By Delisha Fernandes

Esker, a global cloud platform and an AI-driven process automation solutions for finance, procurement and customer service functions, has partnered with Boost Payment Solutions.

This partnership aims to transform virtual card processing for accounts receivable (AR) departments – eliminating tedious manual efforts and streamlining payment reconciliation.

“Partnering with Esker for our virtual card processing solution was an easy decision. Being backed by a proven track record of excellence, Esker was an ideal choice for this partnership,” said Dean M. Leavitt, Founder & CEO of Boost Payments Solutions. “We are thrilled to pair our award-winning technology with the well-established Esker Pay suite to create a fully passive acceptance experience.”

By harnessing Esker’s automation technology with Boost Intercept – Boost’s straight-through processing (STP) solution – this collaboration brings efficiency and simplicity to the virtual card acceptance process. Businesses can now seamlessly integrate virtual card payments into their AR workflows, eliminating manual intervention, human errors and improving processing time and costs.

Boost has enhanced how companies worldwide initiate, accept and process card payments. This partnership marks a milestone for both Boost and Esker in the AR space by offering organisations an innovative solution to streamline virtual card processing and unlock new levels of financial optimisation.

“Virtual card payments are growing at a tremendous speed,” said Steve Smith, US Chief Operating Officer at Esker. “We have seen a huge uptick in card issuance on the AP side and want to be a step ahead as it progresses to the receiving end. We are extremely excited about this new partnership with Boost, as it further solidifies our commitment to progress and meeting our customers’ evolving needs for innovative and efficient payment solutions.”