Scanco taps Nuvei to boost B2B payments for warehouse management systems

By Gloria Mathias

Nuvei Corporation, a Canadian FinTech company, has announced its partnership with Scanco Software, LLC (Scanco), a provider of software solutions for the manufacturing and distribution industries. The partnership will enhance Scanco’s new Invoice2Payment (i2PAY) solution.

i2PAY complements Scanco’s existing warehouse management capabilities with payment features, including online payment processing, email receipts, automated deposits, and advanced analytics.

Collaborating with Nuvei enables Scanco customers to access a suite of payment solutions, including Card-Not-Present and ACH processing capabilities, integrated directly into Scanco customers’ enterprise resource planning (ERP) systems, including Sage, to facilitate simplified workflows, increase back-office efficiencies, and shorten invoice-to-cash cycles.

Nuvei’s ERP payments engine delivers seamlessly integrated payment acceptance and disbursement solutions to its customers, as well as single-view visibility of data and insights needed to make faster, better-informed decisions. By leveraging Nuvei’s deep ERP payments expertise and delivering near-real-time payment information, Scanco customers will be able to reconcile financial information across systems and improve visibility more efficiently.

The partnership helps Scanco facilitate its aspirations to develop an Autonomous Supply Chain platform across eCommerce, Distributed Order Management, Warehouse Management Systems production and shipping. By utilizing Nuvei’s global reach, Scanco will achieve its future international expansion plans.

Philip Fayer, Nuvei Chair and CEO shared, “By integrating our advanced B2B payment capabilities with Scanco’s innovative software, we’re enabling businesses to streamline their operations, improve cash flow, and make more informed financial decisions.”

Andy Nunez, President and CEO of Scanco, added, “Partnering with Nuvei allows us to offer our customers a comprehensive payment solution in i2PAY that addresses their critical payment requirements. The integration of Nuvei’s payment technologies with our mobility solutions will provide unparalleled efficiency and visibility for businesses operating in warehouse and manufacturing environments.”

This partnership marks a step for Nuvei in increasing its integrated distribution and solidifying its presence as the provider of payment solutions to manufacturing and distribution customers in this rapidly growing sector.