- Global Payments and Sage integrate vendor payments directly into Sage Intacct.
- New solution streamlines B2B payables, enhancing efficiency and control for finance teams.
- Vendor Payments powered by MineralTree offers real-time visibility and cash-back incentives.
Global Payments Inc. (GPN, Financial), through its MineralTree division, has launched a new embedded vendor payments solution in collaboration with Sage. This integration incorporates the Vendor Payments powered by MineralTree directly into Sage Intacct, a platform widely used by small and mid-sized businesses for accounting and financial management. The new offering aims to simplify B2B payables processes by allowing finance teams to manage and execute vendor payments without leaving the Sage Intacct interface.
The solution is designed to streamline the complexities of managing payables, providing features such as payments via ACH, virtual card, and check, alongside direct debit funding for quicker settlement. It supports existing workflows, including multi-entity environments, and offers real-time visibility into payment statuses. Notable benefits include cash-back rebates on virtual card expenditures and seamless onboarding, which are poised to enhance operational efficiency and control for finance teams.
Brian Greehan, head of B2B solutions for Global Payments, emphasized the importance of embedding payments within familiar software to enhance control, speed, and confidence for businesses. The integration aims to eliminate inefficiencies associated with fragmented payment tools, thereby addressing long-standing pain points in accounts payable processes. Sage's EVP of Financials and ERP Division, Dan Miller, noted that the solution demonstrates the value of strategic collaborations in delivering impactful business solutions.
Global Payments (GPN, Financial) is a leader in payment technology and software solutions, facilitating commerce and customer experiences worldwide. With a significant global footprint, the company continues to innovate and expand its solutions, exemplified by this latest development with Sage Intacct.
