Integration of Fiserv and SAP Solutions Helps Businesses Improve Working Capital and Accelerate Digital Transformation
February 10 2020 - 8:30AM
Business Wire
Business-to-business companies around the world have the
opportunity to improve working capital, increase operating
efficiency, and continue their digital transformation through an
integration of technology from Fiserv, Inc. (NASDAQ: FISV) and SAP®
SE (NYSE: SAP).
This combination makes it simple for B2B firms to offer digital
payment methods to their customers by bringing together two
cloud-based solutions: SnapPay®, an enterprise payments application
from First Data, now Fiserv, and SAP digital payments add-on.
Many Fiserv clients are already reaping the benefits from this
integration. Brewster Home Fashions, one of the largest global
producers and distributors of home decor, uses SnapPay and has
successfully migrated to SAP S/4HANA® and SAP ERP with SAP digital
payments add-on.
“The real-time integration of SnapPay with the SAP solution is
enhancing our process efficiency, reducing our overall cost of
doing business, and simplifying payment card industry compliance,”
said Daoud Ali, Executive Director of IT at Brewster Home Fashions.
“The solution is flexible, efficient and has given our customer
service team a new sense of empowerment.”
SAP digital payments add-on helps enable credit card and other
digital payment methods subject to the Payment Card Industry Data
Security Standard (PCI DSS). Companies running any variant of SAP
order or sale-to-cash processes (B2B, B2C, point-of-sale, web) can
integrate to certified payment service solutions, including
SnapPay, with flexible access to multiple digital payment
methods.
“The SnapPay integration with SAP digital payments add-on helps
meet the unique needs of B2B and B2C customers,” said Dr. Oliver
Kroneisen, vice president and head of Financial Operations
Development at SAP. “Brewster Home Fashions exemplifies how our
continued commitment benefits customers.”
A flagship Fiserv enterprise payments solution, SnapPay is built
to serve the accounts receivable and accounts payable needs of
large and mid-sized companies. Through integration with SAP ERP
Central Component and SAP S/4HANA, SnapPay facilitates card,
Automated Clearing House (ACH), and new digital payment methods.
The solution also digitizes labor-intensive corporate treasury
operations into a real-time, automated, and secure experience.
“Improving working capital is a top priority for most
businesses,” said Suhas Gosavi, senior vice president, B2B Payments
and eCommerce at Fiserv. “To meet that need we innovated on our
existing SnapPay integration with SAP solutions to make it even
easier for clients to access payment services, reduce days sales
outstanding, and automate back-office processes.”
In a world moving faster than ever before, Fiserv helps clients
deliver solutions in step with the way people live and work today –
financial services at the speed of life. Learn more at
fiserv.com.
Additional Resources
- More information on Fiserv B2B Enterprise Payments
About Fiserv
First Data is now Fiserv.
Fiserv, Inc. (NASDAQ: FISV) aspires to move money and
information in a way that moves the world. As a global leader in
payments and financial technology, the company helps clients
achieve best-in-class results through a commitment to innovation
and excellence in areas including account processing and digital
banking solutions; card issuer processing and network services;
payments; e-commerce; merchant acquiring and processing; and the
Clover® cloud-based point-of-sale solution. Fiserv is a member of
the S&P 500® Index and the FORTUNE®500 and is among FORTUNE
World’s Most Admired Companies®. Visit fiserv.com and follow on
social media for more information and the latest company news.
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FISV-G
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version on businesswire.com: https://www.businesswire.com/news/home/20200210005258/en/
Media Relations: Chase Wallace Director, Communications Fiserv,
Inc. 404-890-2132 chase.wallace@fiserv.com
Additional Contact: Ann Cave Director, External Communications
Fiserv, Inc. 678-325-9435 ann.cave@fiserv.com
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