ORLANDO, Fla., August 20, 2019 (Newswire.com) - Finexio, the Orlando-based B2B payment company that simplifies Accounts Payable payments, was selected by Amherst College to streamline its Accounts Payable process.
This partnership facilitates Amherst's drive to gain efficiency and reduce costs in its business operations and focus on its core competency of providing an outstanding liberal arts education for its 1,792 students. Finexio's payments as a service technology will enable Amherst to streamline payments and move away from the inefficiencies of traditional payment methods, with their emphasis on paper checks and redundant processes.
"Amherst welcomes the opportunity to partner with Finexio to create back office and payment efficiencies for Amherst and our suppliers," said Kevin Weinman, CFO of Amherst College.
"We are delighted to support Amherst's drive for payment efficiency, cost reduction, and cash flow generation with our robust electronic business payments network," says Ernest Rolfson, founder and CEO of Finexio. "Amherst can lead the way in higher education, demonstrating the potential for colleges and universities to enhance the efficiency of departmental processes while driving maximum returns."
"Our mission is to help institutions such as Amherst execute B2B payments as efficiently and effectively as possible, driving down the reliance on costly and inefficient paper checks," he continues.
About Amherst College
Amherst College prepares students to use ideas to make a difference in the world. Since its founding in 1821 in Western Massachusetts, Amherst has demonstrated steadfast confidence in the value of the liberal arts and the importance of critical thinking. Today, its financial aid program is among the most substantial in the nation, and its student body is among the most diverse. Small classes, an open curriculum and a singular focus on undergraduate education ensure that leading scholars engage daily with talented, curious students, equipping them for leadership in an increasingly global and complex world. The College will celebrate its bicentennial in 2021.
Finexio simplifies accounts payable payments for medium and large corporates by digitizing manual paper checks. 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 ten 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.