Partnership enhances payment capabilities for
Scanco customers, streamlining operations and improving financial
visibility
MONTREAL and NOKOMIS, Fla., Aug. 8, 2024
/CNW/ -- Nuvei Corporation (Nasdaq: NVEI) (TSX: NVEI), the Canadian
fintech company, today announces its partnership with Scanco
Software, LLC ("Scanco"), a leading provider of innovative software
solutions for the manufacturing and distribution industries, to
enhance Scanco's new Invoice2Payment (i2PAY) solution.
i2PAY complements Scanco's existing warehouse management
capabilities with payments features including online payment
processing, email receipts, automated deposits, and advanced
analytics. Collaborating with Nuvei enables Scanco customers to
access a market-leading suite of payment solutions, including
Card-Not-Present and ACH processing capabilities, integrated
directly into Scanco customers' enterprise resource planning (ERP)
systems, including Sage, to facilitate simplified workflows,
increase back-office efficiencies, and shorten invoice-to-cash
cycles.
Nuvei's ERP payments engine delivers seamlessly integrated
payment acceptance and disbursement solutions to its customers, as
well as single-view visibility of data and insights needed to make
faster, better-informed decisions. By leveraging Nuvei's deep ERP
payments expertise, and delivering near-real-time payment
information, Scanco customers will be able to reconcile financial
information across systems and improve visibility more
efficiently.
The partnership helps Scanco facilitate its aspirations to
develop an Autonomous Supply Chain platform across eCommerce,
Distributed Order Management, Warehouse Management Systems and
Production and Shipping. Also, by utilizing Nuvei's global
reach Scanco will achieve its future international expansion
plans.
Philip Fayer, Nuvei Chair and
CEO, commented on the announcement: " By integrating our advanced
B2B payment capabilities with Scanco's innovative software, we're
enabling businesses to streamline their operations, improve cash
flow, and make more informed financial decisions."
Andy Nunez, President & CEO
of Scanco, added: "Partnering with Nuvei allows us to offer our
customers a comprehensive payment solution in i2PAY that addresses
the critical payment requirements of our customers. The integration
of Nuvei's payment technologies with our mobility solutions will
provide unparalleled efficiency and visibility for businesses
operating in warehouse and manufacturing environments."
This partnership marks a significant step for Nuvei in
increasing its integrated distribution and solidifying its presence
as the provider of payment solutions to manufacturing and
distribution customers in this rapidly growing sector.
About Scanco
Over the years, Scanco Software, LLC (www.scanco.com) has been
at the forefront of developing new technologies for mobile
warehouse, manufacturing, and payment automation solutions.
Scanco's solutions deliver unequaled efficiency and visibility for
distribution and manufacturing companies around the globe.
About Nuvei
Nuvei (Nasdaq: NVEI) (TSX: NVEI) is the Canadian fintech company
accelerating the business of clients around the world. Nuvei's
modular, flexible and scalable technology allows leading companies
to accept next-gen payments, offer all payout options and benefit
from card issuing, banking, risk and fraud management
services. Connecting businesses to their customers in more than 200
markets, with local acquiring in 50 markets, 150 currencies and 716
alternative payment methods, Nuvei provides the technology and
insights for customers and partners to succeed locally and globally
with one integration.
For more information, visit www.nuvei.com
NVEI-IR
Contact:
Public Relations
alex.hammond@nuvei.com
Investor Relations
IR@nuvei.com
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SOURCE Nuvei