FLEETCOR acquires Roger to transform bill pay automation for SMBs
By Pavithra R
FLEETCOR, a leading global business payments company, has announced that the company has announced the acquisition of Roger, a global accounts payable (AP) cloud software platform for small businesses.
Through the acquisition, FLEETCOR intends to extend its portfolio of accounts payable automation solutions to small businesses, helping them automate their manual payment processes. The deal provides FLEETCOR with a proven, modern automation platform for B2B online bill payment.
Roger’s platform helps SMBs gather and scan invoices and receipts, eliminate manual data entry using machine learning technology, approve and execute payments, setup automated workflows, and sync to accounting systems like QuickBooks Online, Sage Intacct, Xero, and others in real-time. Besides SMBs, accounting firms in North America and Europe use, refer and resell the platform today in connection with their customers. Its global payments platform and sophisticated automation are built for boosting productivity and fostering growth.
“This acquisition provides us with a modern, cloud-based, bill payment platform that will immediately open up cross-sell opportunities into our global SMB fuel card base. It’s a big step in expanding our fuel card business into a corporate payments business, and extending our current middle-market corporate payments business into the SMB space,” said Ron Clarke, Chairman and CEO of FLEETCOR.
Founded in 2000, FLEETCOR offers customers specialized payment solutions for a better way to pay their business expenses compared to traditional payment methods such as cash, checks, or general-purpose credit cards. The firm powers the global business payment industry, processing billions of transactions each year in more than 100 countries.
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