FINTAINIUM & Bill2Pay partner for unified digital payment experience
By Pavithra R
FINTAINIUM, the cloud-based financial automation workflow management platform, has announced that the company has partnered with Bill2Pay, a billing, payments, and customer engagement company.
Through the partnership, the companies expect to enhance automation, including full integration of reimbursement and escheatment solutions for insurance companies, government agencies and utilities.
FINTAINIUM’s platform permits iterative negotiation capability between a payor and payee, allowing them to quickly and efficiently settle an AP/AR transaction under the terms they agree. It enables payers and billers to control payments by offering advanced technology and wide reaching selection of payment methods and access to several competent payment solution providers.
“We are excited to welcome our newest provider and partner, Bill2Pay. Together, FINTAINIUM and Bill2Pay can produce significant cost savings while also enhancing automated efficiency for our utilities, insurance, and government clients. This new and innovative solution enables the outsourcing of Refund and Deposit Return processes on the part of these customers, while also providing management of the Escheatment process, which accounts for abandoned or unclaimed funds management per the legal requirements of the State in which the service entity resides. Our clients require secure, compliant-driven, and efficient management of these business-critical payment types, and with Bill2Pay, we can deliver these value-added enhancements,” said Richard Jackman, CEO of FINTAINIUM.
FINTAINIUM offers solutions in SaaS business model at attractive price points generating significant customer value leading to high customer ROIs. The company is among the few who provides end to end financial solution for all approval and workflow automation and payments. This gives their clients the ability to choose how and when they wish to send and receive payments through integration with existing or legacy accounting and Enterprise Resource Planning (ERP) systems.
“This partnership provides the breadth and depth of our combined technology that offers synergies to modernize and boost the engagement between our clients and their customers. By delivering a fast, seamless, and unified digital payment experience, it helps drive operational efficiencies and cash flow, which is paramount to today’s business environment. Given today’s extraordinary challenges, streamlining end-to-end workflows with a single software solution helps to offset the manual processes, expense, and risk associated with receiving payments, and frees up more quality time and resources needed for our clients to support their customers and business priorities. We’re excited about our new alliance and its focus on addressing the ever-changing landscape of our markets and improving our clients’ services to enhance the overall customer experience,” said Rick Stierwalt, Chief Executive Officer at Bill2Pay.
Recently, CIT & FINTAINIUM partnered to launch a new FinTech payment solution.
Founded in 2018, FINTAINIUM platform enables billers and payers to control payments. Its solutions convert legacy paper-based invoicing and payment processes to real-time electronic systems, providing rapid exchange of data while increasing overall productivity and cash flow. It offers end-to-end financial technology that enables businesses to leverage and improve existing relationships.
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