Accounts Receivable Automation Solution YayPay by Quadient Joins Forces with Flywire to Digitize Global B2B Payments
October 22 2021 - 2:30AM
Accounts Receivable Automation Solution YayPay by Quadient Joins
Forces with Flywire to Digitize Global B2B Payments
Paris, October 22, 2021
Quadient (Euronext Paris: QDT), and Flywire
Corporation (NASDAQ: FLYW) (Flywire) today announced a new
strategic collaboration to automate and digitize
business-to-business (B2B) payments globally. As a result of the
partnership, Quadient’s cloud-based accounts receivable (AR)
management and automation solution, YayPay by Quadient, will extend
Flywire’s digital payment solutions to its global B2B clients.
As YayPay’s international footprint and customer
base has grown, the need to provide seamless cross-border payments
has increased. Flywire’s solution for B2B, which combines a
next-gen payments platform, proprietary global payment network and
vertical-specific software, will embed into the YayPay platform. In
turn, Quadient’s customers are expected to benefit from flexible
and dynamic payments solutions that enable businesses to accept and
settle payments in more than 240 countries and territories and in
more than 140 currencies.
YayPay users can use Flywire when transacting
internationally and to pay using direct debit or electronic
banking. They benefit from Flywire’s foreign exchange market (FX)
management and currency exchange, automated reconciliation and
local collection and settlement. Flywire also brings enhanced
transparency for YayPay users, who can easily track when payments
are coming in. For Flywire, the collaboration broadens the
company’s reach into the strong B2B segment of the AR market.
“When the opportunity came up to partner with
the YayPay by Quadient invoice and billing solution, this was a
natural fit,” said Ryan Frere, executive vice president and general
manager of B2B for Flywire. “Flywire is committed to driving
operational efficiencies for business all around the world, and
this partnership enables us to extend the reach of our solution.
We’re thrilled to partner with the Quadient team.”
YayPay by Quadient is a software-as-a-service
(SaaS) predictive and automated AR management solution. It is part
of Quadient’s portfolio of solutions that is bringing together AR,
accounts payable (AP), customer communications management (CCM),
document automation and customer journey mapping (CJM) into an
advanced cloud-based suite that offers companies the benefits of
automation and intelligent communication. Quadient’s vision for its
software solutions is driven by its recognition that AP, AR, CCM
and CJM are evolving and converging, and a common suite of
solutions simplifies the life of its customers.
Backed by a proprietary global payments network,
next-gen payments platform and vertical-specific software,
Flywire's solution for B2B enables businesses to automate their
entire AR process, while also providing customers a modern payment
experience. With features like tailored invoicing, settlement and
reconciliation tools, flexible payment options, custom ERP
integrations and more, Flywire enables businesses to achieve
operational efficiencies and meet customer demand.
“This is a strategic partnership that brings two
market-leading companies together, and Flywire’s incredible network
and payment architecture was the obvious choice for YayPay as we
continue to expand our international footprint,” said Anthony
Venus, chief strategy and product officer, Accounts Receivable
Automation, Quadient. “Integrating Quadient’s cloud suite with
leading enterprise platforms and partnering with best-in-class
technology providers like Flywire is a key aspect of our
go-to-market approach.”
About Flywire
Flywire is a global payments enablement and software company. We
combine our proprietary global payments network, next-gen payments
platform and vertical-specific software to deliver the most
important and complex payments for our clients and their customers.
Flywire leverages its vertical-specific software and payments
technology to deeply embed within the existing A/R workflows for
its clients across the education, healthcare and travel vertical
markets, as well as in key B2B industries. Flywire also integrates
with leading ERP systems, such as NetSuite, so organizations can
optimize the payment experience for their customers while
eliminating operational challenges. Flywire supports more than
2,400 clients with diverse payment methods in more than 140
currencies across 240 countries and territories around the world.
The company is headquartered in Boston, MA, USA with global
offices. For more information, visit www.flywire.com. Follow
Flywire on Twitter, LinkedIn and Facebook.
About
Quadient®
Quadient is the driving force behind the world’s most meaningful
customer experiences. By focusing on three key solution areas,
Intelligent Communication Automation, Parcel Locker Solutions and
Mail-Related Solutions, Quadient helps simplify the connection
between people and what matters. Quadient supports hundreds of
thousands of customers worldwide in their quest to create relevant,
personalized connections and achieve customer experience
excellence. Quadient is listed in compartment B of Euronext Paris
(QDT) and is part of the CAC® Mid & Small and EnterNext® Tech
40 indices.
For more information about Quadient, visit
www.quadient.com.
Contacts
Joe Scolaro,
Quadient |
|
Freddie
Barber,
Maitland/AMO |
Global Press
Relations Manager |
|
Director of Media
& Communications |
+1
203-301-3673 |
|
+44 (0) 207 379
5151 |
j.scolaro@quadient.com |
|
fbarber@maitland.co.uk |
- Quadient PR_YayPay Flywire_EN_Final
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