PaymentsJournal
SUBSCRIBE
  • Analysts Coverage
  • Truth In Data
  • Podcasts
  • Videos
  • Industry Opinions
  • News
  • Resources
No Result
View All Result
PaymentsJournal
  • Analysts Coverage
  • Truth In Data
  • Podcasts
  • Videos
  • Industry Opinions
  • News
  • Resources
No Result
View All Result
PaymentsJournal
No Result
View All Result

Ivalua Partners with TransferMate to End Friction from Cross-Border Trade

Steve Murphy by Steve Murphy
October 26, 2021
in Analysts Coverage, Partnerships
0
Ivalua Partners with TransferMate to End Friction from Cross-Border Trade

Ivalua Partners with TransferMate to End Friction from Cross-Border Trade

0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

In yet another collaboration between fintechs among the slew of cash cycle management software and services, we see a release in Cision PR Newswire about a strategic partnership between France-based Ivalua, known for procurement capabilities, and TransferMate, the Ireland-based payments infrastructure firm. Ivalua will be incorporating TransferMate cross-border payment capabilities into their Ivalua Pay solution.

‘Today supplier payments, especially those that facilitate global trade, follow a complex, costly, and time-consuming process that often results in late payments. With global trade volumes expected to grow by 4.7% in 2022, the financial friction that arises from such transactions weakens links in the supply chain. This partnership will simplify payment processes by offering next-day payments to any supplier, regardless of their location. With this, businesses can unlock new opportunities and innovations by finally closing the cash gap between procurement and suppliers. By paying suppliers on-time, procurement teams can use payments to build strong, reliable, and performance-driven supply chains.’

There has been an ongoing trend during the past five years for the convergence of financial processes, including procure-to-pay, which we have written about in member research. The emergence of APIs in the integration process has improved the ability and speed for creative partnership between ecosystem participants. Incorporating automated payments and faster settlement between trading partners improves supplier liquidity and smooths over the various points of friction normally found in supply chains. This friction is something that has of course been exacerbated by the pandemic. So, this would seem to be a timely announcement as the uneven global economic recovery and supply chain disruption continues.

‘Ivalua Payments enables much needed collaboration, automation, transparency, and speed to an often inefficient and costly process. By bringing Procurement and Finance together, customers will be able to trade goods and services at the best price and guarantee on-time (or early) payment in a secure, efficient, and cost-effective manner. Not only does this improve supplier liquidity and support their financial health, but it also strengthens the relationship to create robust links in the global supply chain.’

Overview by Steve Murphy, Director, Commercial and Enterprise Payments Advisory Service at Mercator Advisory Group

Tags: APIscash cycleCross-BorderCross-Border PaymentsfintechsFrictionlessPartnershipsTransferMate
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

    Analyst Coverage, Payments Data, and News Delivered Daily

    Sign up for the PaymentsJournal Newsletter to get exclusive insight and data from Mercator Advisory Group analysts and industry professionals.

    Must Reads

    live shopping, ebay

    Q&A: eBay Exec on Live Shopping and the Future of Payments

    March 24, 2023
    AI and Biometrics in Regulatory Compliance in Finance

    The Importance of AI and Biometrics in Regulatory Compliance in Finance

    March 23, 2023
    Everyone Benefits from the Real-Time Payment Networks  

    Everyone Benefits from the Real-Time Payment Networks  

    March 22, 2023
    commercial payments

    Optimizing Commercial Payments in the Digital Age

    March 21, 2023
    cross-border payments

    Cross-Border Payments: Fighting
    E-Commerce Fraud Using Data

    March 20, 2023
    fraud, ChatGPT-4

    How to Fight Fraud While Still Enabling a Great Online Customer Experience

    March 17, 2023
    RTP

    Financial Institutions Without an RTP Strategy Risk Being Left Behind

    March 16, 2023
    visa chargeback

    New Visa Chargeback Guidelines Will Be a Game Changer

    March 15, 2023

    Linkedin-in Twitter

    Advertise With Us | About Us | Terms of Use | Privacy Policy | Subscribe
    ©2023 PaymentsJournal.com

    • Analysts Coverage
    • Truth In Data
    • Podcasts
    • Videos
    Menu
    • Analysts Coverage
    • Truth In Data
    • Podcasts
    • Videos
    • Industry Opinions
    • Recent News
    • Resources
    Menu
    • Industry Opinions
    • Recent News
    • Resources
    • Analysts Coverage
    • Truth In Data
    • Podcasts
    • Industry Opinions
    • Faster Payments
    • News
    • Jobs
    • Events
    No Result
    View All Result

      Register to download the Payoneer eBook: