Commercial payments outfit Fleetcor Technologies has struck a deal to buy accounts payable automation specialist Nvoicepay. Financial terms were not disclosed.
Nvoicepay delivers automated accounts payable solutions to over 400 business clients, providing a UI that allows customers to electronically pay all of their suppliers.
Fleetcor says that this combined with its own card processing offering will let businesses pay their entire accounts payable expenses, including both domestic and international payables.
Ron Clarke, CEO, Fleetcor, says: "Nvoicepay presents an exciting opportunity to accelerate growth of our Corporate Payments business by offering customers a simple way to pay all their accounts payable with one vendor."
Editorial | what does this mean?