Nuvei and CNBS Software team to enhance payment processing capabilities

By Delisha Fernandes

Nuvei Corporation, a Canadian FinTech company, announced a new commercial partnership with CNBS Software, a B2B/B2C eCommerce provider and accounts receivable solutions for enterprises running SAP ERP.

This collaboration will significantly enhance payment processing capabilities for businesses utilising SAP ECC and S4 systems through seamless integration, enhanced security, and expanded payment options.

CNBS Software’s partnership with Nuvei enables it to offer its customers an integrated payment solution that seamlessly aligns with their existing SAP environment. Nuvei’s advanced payment solution, including card acquiring and ACH online bank transfers, provides a modern, robust, secure payment infrastructure for businesses utilising SAP solutions. CNBS will also benefit from Nuvei’s experience from decades of servicing ERP payment customers.

By leveraging Nuvei’s enhanced payment services, CNBS optimises its payment workflows, ensuring efficiency and accuracy. Nuvei’s wide range of payment methods offers CNBS a comprehensive array of options to meet the diverse needs of their global customer base, including a suite of alternative payment methods to maximise revenue and accelerate growth as well supporting payouts in the future.

Ravi Manchala, President and CEO CNBS, said, “We are thrilled to partner with Nuvei to enhance the payments solutions we can offer our customers. Nuvei’s deep knowledge in integrated payments and global reach enables us to provide service and user experience across all the payments functionalities of our platform.”

CNBS has established itself as a AR automation and invoice management solutions provider, catering to various industries, including manufacturing, distribution, and services. With its flagship product, ePay, CNBS Software delivers comprehensive invoice management functionalities to streamline workflows and improve operational efficiency for SAP users worldwide.

“Nuvei’s historical expertise in ERP and B2B payments combined with CNBS’ deep understanding of the SAP ecosystem creates a best-in-class experience for CNBS’ customers globally,” said Phil Fayer, CEO and Chair at Nuvei.