Finexio Announces Partnership With CedarCreek Systems, the Leader in Procure-to-Pay Solutions to the Private Club Industry

Orlando-based AP payments company Finexio announced today a partnership with CedarCreek Systems, headquartered in West Palm Beach, Florida and Newport Beach, California. The partnership combines Finexio’s expertise in B2B supplier payments and their extensive proprietary business-to-business payments network with CedarCreek Systems’ streamlined Procure-to-Pay automation platform for Private Membership Social, Athletic and Golf & Country Clubs. CedarCreek Systems' extensive experience and expertise serving clubs, resorts and other organizations have helped create CedarCreek Systems’ proven suite of world-class, cloud-hosted suite of procurement products.

Virtually every company can benefit from cost saving and more efficient AP processes, and partnerships with software solution providers like CedarCreek Systems are integral in bringing integrated payments and AP solutions to market,” said Ernest Rolfson, CEO of Finexio. “It’s gratifying to have CedarCreek Systems work with us, helping cut costs and provide additional security and control into accounts payable departments. Our partnership allows CedarCreek Systems and their customers to leverage our concierge-level supplier enablement and support to further solidify their industry-leading product and provides Finexio entry into the private club and hospitality verticals.”

“There’s nothing more important to a software company’s enduring success than helping customers improve their business processes through innovation. Partnering with Finexio allows us to continue to improve the value for our clients by reducing processing costs with an industry-leading product,” said Bill Hirsch, CEO of CedarCreek Systems. “And as a company that emphasizes security and visibility, partnering with Finexio is a collaboration that will be well received by our clients, prospects and their valued suppliers.”

Added Rolfson, “Procurement and AP Software firms are increasingly seeking to bring integrated payment solutions to their customers, leading to an overall smoother, more robust customer and product experience. We look forward to furthering CedarCreek Systems' mission to bring efficiency and visibility to AP payments for private clubs across the country.”

About CedarCreek Systems

CedarCreek Systems provides products and services that improve and automate the business and operational process called Procure-to-Pay or P2P for private clubs. They currently provide a multi-tenant cloud solution for eProcurement, Accounts Payable Automation (three-way match automation), Inventory Control, Recipe Management and Capital Budget Management, in addition to invoice and payment management services and group purchasing affiliation for private clubs around the world. Their solutions improve visibility and control over the supply chain and back-office operations. The platform and technology connect businesses and suppliers to gain greater efficiency, increase transparency, create accountability and strengthen financial controls. These benefits result in significant business process improvements (BPIs), which help achieve real supply cost savings.

About Finexio

Finexio simplifies accounts payable payments by eliminating all friction in payment delivery and supplier payment acceptance. Finexio’s comprehensive Accounts Payable “Payments as a Service” solution leverages proprietary analytics and robotic process automation to drive maximum conversion rates of suppliers to electronic payments. Finexio’s intelligent business-to-business payment network identifies, delivers and supports 10 forms of payment, generating revenue and cost savings for Accounts Payable departments, while offering complete transparency and control of the payment process. To learn more, visit Finexio’s website at https://finexio.com.

Source: Finexio


Categories: Finance

Tags: B2B, B2B Payments, Business Payments, Checks, Credit Cards, Electronic Payments, Merchant, Supplier Payments, Suppliers, Virtual Payments


About Finexio

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Finexio is the smart B2B payment network. Our total payment solution automates, optimizes, and integrates electronic B2B payments into existing AP technology, eliminating paper check spend for mid-market corporates.