Financial solutions provider Comdata is teaming up with Computer Guidance Corporation to integrate virtual card payment functionality for the construction industry.
Computer Guidance Corporation offers cloud ERP solutions for the construction sector. On Thursday (Nov. 15), the company announced the launch of eCMS Connect for Comdata Virtual Card, enabling Computer Guidance clients to automate vendor payments. The integration supports streamlined data entry and reconciliation, the companies explained, and will enhance Computer Guidance's real-time data analytics offerings. Virtual card payments will enhance businesses' access to payment data for heightened business intelligence, the press release noted.
"API-based web services integrations give our mutual clients the power to sync data on demand," explained Computer Guidance Corporation Director of Account Management Andrew Grasso in a statement.
Matt Butler, vice president of construction at Comdata, added that the partnership will help Computer Guidance customers "minimize the pain and hassle of paper checks and manual processes" when paying their suppliers.
Commercial contractors using Computer Guidance's ERP technology are now provided with virtual card B2B payment capabilities through the partnership, the press release said.
Comdata, owned by FLEETCOR, announced another partnership with Uber Freight earlier this year via the Uber Freight Plus program. Users of the Uber Freight mobile app gained access to the Uber Freight Fuel Card, powered by Comdata, to streamline fuel payments and receive discounts on fuel and maintenance.
Comdata's collaboration with Computer Guidance demonstrates the company's focus on the construction sector, which has seen increased interest from the FinTech community as innovators explore how to improve B2B payments in the sector.
"Something unique about payment in construction is that it's different than just getting money from point A to point B," said Zlien CEO Scott Wolfe in an interview with PYMNTS earlier this year. "It's not like you have accounts payable, accounts receivable and it's game over. There are many more layers to that, and there are a lot of expensive risks with construction."