Symbeo Partners With Corpay to Provide Companies with a Robust Invoice-to-Pay Automation Solution
Symbeo Partners With Corpay to Provide Companies with a Robust Invoice-to-Pay Automation Solution
Collaboration with Corpay helps streamline payment processes by removing the challenges associated with paper-based invoices and payments
PORTLAND, Ore., July 12, 2023 – Symbeo, Inc. has partnered with Corpay, a FLEETCOR® (NYSE: FLT) brand and a global leader in business payments, to provide a robust invoice-to-pay automation solution for enterprise and mid-market customers. This partnership enables customers to create cost savings and increase process optimization by removing the challenges associated with paper-based invoices and payments, providing traceability, vendor resolution, supplier onboarding, and a more seamless customer experience.
Symbeo is a SaaS company that unlocks the value in payables for leading B2B and B2C customers with intelligent automation for AP Invoice Automation, Digital Mailroom, and Virtual AP. Symbeo’s modular services leverage emerging technology – including Optical Character Recognition (OCR) and deep learning models – to capture, digitize, and verify data from receipt to payment for end-to-end processing. With the power of automation, Symbeo creates a paperless environment with increased visibility, reduced cycle times, and improved cash flow to help customers achieve their sustainability goals and focus on what matters most.
“We are excited to expand our partnership with Corpay, which will help us create additional value for our customers,” said Tomika A. Russell, President of Symbeo. “Corpay’s extensive vendor network combined with our invoice automation products will lead to optimized days accounts payable outstanding and enriched supplier enablement. Overall, our partnership is a winning formula to further help our customers succeed in an increasingly competitive market.”
As the number-one B2B commercial Mastercard® issuer in North America, Corpay specializes in intelligent payment automation and procure-to-pay solutions. Corpay’s innovative solutions enable businesses to streamline their vendor payment processes, eliminating the need for paper while digitizing accounts payable operations. With a robust security and compliance infrastructure, Corpay solutions help customers reduce fraud risk, increase efficiency, and manage spend seamlessly.
“We greatly value our relationship with Symbeo and are thrilled to announce our partnership,”said Adam Renner, Corpay Vice President, Strategic Partnerships. “At Corpay, we remain dedicated to equipping our partners with the tools to provide seamless and strategic payments solutions to their customer base.We are confident that they will be able to not only simplify the payments process but to also gain real-time visibility that can impact critical business decisions.”
About Symbeo
Symbeo helps businesses everywhere build efficiencies between payors and payees for corporate accounts payable (AP) business-to-business transactions with true AP automation. As an industry leader for over 25+ years, we remove the manual invoice processing burden by navigating emerging technologies including Artificial Intelligence, Machine Learning, and intelligent OCR solutions to optimize the P2P ecosystem from invoice receipt through payments. In harnessing the power of automation, we create a paperless environment that helps our customers achieve sustainability goals and focus on what matters most. Learn more at symbeo.com or call us at 888.722.6663.
About Corpay Corpay is a global leader in business payments, helping companies of all sizes better track, manage, and pay their expenses. Corpay provides customers with a comprehensive suite of online payment solutions including Bill Payment, AP Automation, Cross-Border Payments, Currency Risk Management, and Commercial Card Programs. As the #1 B2B commercial Mastercard® issuer in North America, Corpay handles over a billion transactions each year. Corpay is part of the FLEETCOR (NYSE: FLT) portfolio of brands. To learn more visit www.corpay.com.