The Finnish eInvoicing solutions provider Basware is expanding its partnership with the payments firm Comdata to create what they call “a powerful procure-to-pay ecosystem.”
The two companies announced the expansion in a news release Wednesday (Oct. 6), saying the combination of technical and product integration with sales and customer success teams will help clients further automate accounts payable (AP) processes.
“This partnership demonstrates our continued focus on providing customers with an open ecosystem approach, built on connecting other best-of-breed technology to the Basware solution,” said Matt Hanks, Basware’s VP of global product and partner marketing.
“The Comdata payments technology, combined with our world-leading accounts payable automation solution, will allow enterprise customers to simplify their AP operations, reduce risk and, with more complete and accessible data providing increased visibility, spend smarter,” he added.
Based in Brentwood, Tennessee, Comdata works with more than 30,000 businesses to help them manage fleet, corporate purchasing, payroll and healthcare spending, making it one of the top commercial Mastercard providers in the U.S. and Canada.
“As a payment automation provider, we strive to help resolve the challenges that overtaxed accounts payable departments face,” said Barbara Baldwin, SVP of enterprise corporate payments at Comdata. “We’re proud to partner with Basware, who shares in our goal to solve challenging but complementary problems for our customers.”
The release notes that Comdata and another Basware partner, Nvoicepay, are set to merge and relaunch as Corpay. Both companies are owned by FLEETCOR.
Learn more: Basware, Dun & Bradstreet Work On Supplier Diversity Identification
Earlier this year, Basware announced it had made it easier for customers to identify minority-owned businesses using in its supplier management solution, giving them access to diversity data provided by Dun & Bradstreet’s Diversity Database.
The tool lets customers quickly determine which suppliers have minority-owned and small business supplier status in their network. This can help businesses build and enhance supplier diversity programs, while also helping procurement teams save time by providing them with data they’d otherwise have to enter manually.
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