Press Release

    Autonomous Commerce Leader JAGGAER Announces Partnership with Payments-as-a-Service Fintech Finexio

    Autonomous Commerce Leader JAGGAER Announces Partnership with Payments-as-a-Service Fintech Finexio

    JAGGAER Pay Enhances Source-to-Pay Offering with Automated Accounts Payable Solution

     
    Research Triangle, NC and Orlando, FL February 15, 2022 – JAGGAER, the global leader in Autonomous Commerce, and Finexio, the fast-growing digital Accounts Payable (AP) payments-as-a-service company, today announced a strategic partnership that expands JAGGAER’s offerings to include a service-centric solution to simplify and optimize business-to-business (B2B) payments.

    Branded JAGGAER Pay, Finexio B2B payment technology is now an integrated component of JAGGAER’s source-to-pay solution. By integrating Finexio’s payments platform directly into JAGGAER ONE, JAGGAER offers a fully integrated, streamlined AP payment experience covering a wide variety of payment types and channels, including ACH, wire, card, and paper checks. These capabilities deliver customers greater ROI by eliminating manual processes, lowering payment costs, and eliminating the risk of payables fraud.

    “Extensibility is a cornerstone of Autonomous Commerce,” said Jim Bureau, CEO of JAGGAER. “Enterprises want plug-and-play access to innovative solutions like Finexio, to accelerate their time to value. By automating the AP process, JAGGAER Pay will enable our customers to automatically capture discounts, generate cashbacks and extend payment terms, ultimately optimizing working capital. It transforms AP from a cost center into a profit center.”

    “JAGGAER’s focus on extensibility aligns perfectly with Finexio’s ‘customers as partners’ mentality,” said Ernest Rolfson, Founder and CEO of Finexio. “With our integrated solution, JAGGAER provides customers a comprehensive source-to-pay solution powered by innovative finance capabilities.”

    With respect to the payment lifecycle, Finexio’s integrated payment solution also offers JAGGAER customers white glove supplier enablement, fraud and risk detection, payment-specific strategic account relationship management, payment operations and settlement support, and payments and banking data security capabilities.
     


    About JAGGAER:  Procurement’s intelligent source-to-pay and supplier collaboration platform.
    JAGGAER is a global leader in enterprise procurement and supplier collaboration, and the catalyst for enhancing human decision-making to accelerate business outcomes.  We help organizations to manage and automate complex processes while enabling their highly resilient, accountable, and integrated supplier base. Backed by 30 years of expertise, our proven AI-powered industry-specific solutions, services, and partnerships form JAGGAER One, serving direct and indirect, upstream and downstream, in settings demanding an intelligent and comprehensive source-to-pay solution. Our 1,200 global employees are obsessed with helping customers create value, transform their businesses, and accelerate their journey to Autonomous Commerce. For more information, visit www.jaggaer.com.
     
    About Finexio
    Finexio, the leading AP Payments as a Service company, focuses on providing end-to-end AP payment capabilities within Procurement and AP Software Platforms. This combination represents a powerful disruption to traditional, manual-based AP processes. Finexio’s modern, efficient service model, minimal process charges, and total payment solutions translate to high-margin revenue streams and a strong competitive position. Learn more about Finexio at www.finexio.com or follow us on LinkedIn.
     
    JAGGAER Media Contact
    Abigail Holmes
    Corporate Ink for JAGGAER
    jaggaer@corporateink.com
    +1 617.969.9192

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