B2B Payments

Comdata Strengthens Construction B2B Payments Position

Comdata Added To Jonas Construction Software

Enterprise spend data company Comdata is strengthening its position in the construction vendor payments industry through an integration with Jonas Construction Software.

In a press release issued on Friday (May 24), the companies revealed that Jonas Construction Software will integrate Comdata’s accounts payable technology, bridging its customers in the construction sector to a solution that facilitates vendor payments via virtual card, ACH or wire.

Jonas said the integration means companies can eliminate the costs and process burdens of paying vendors via paper check.

The integration will also connect construction companies to cash rebate rewards when they use a virtual card, as well as to lines of credit and payment terms from directly within the Jonas platform.

“Businesses in the construction and service industries are moving at a rapid pace and work with countless vendors every day,” said Jonas Construction Software President Steve Cowan in a statement. “This new partnership with Comdata gives Jonas clients another option for vendor payment that allows both parties to mutually benefit and grow together.”

“Comdata is excited to partner with Jonas Construction Software to give their users the ability to pay vendor invoices electronically, out of their existing software,” added Comdata SVP of Strategic Partnerships Chris Shanahan in another statement. “Partnering with Jonas will allow both companies to better serve the mutual client base, and promote growth within our organizations.”

Comdata, a FLEETCOR company, announced late last year that it struck a partnership with Computer Guidance Corporation to integrate virtual card B2B payments within its platform, another integration that targets the construction industry. Computer Guidance Corporation wielded the integration to launch eCMS Connect for Comdata Virtual Card, a vendor payment automation solution that provides real-time analytics and streamlined reconciliation for construction firms’ accounts payable processes.

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The CFO’s Guide To Digitizing B2B Payments, a PYMNTS and Comdata collaboration, examines how companies are updating their AP approaches to protect their cash flows, support their vendors and enable their financial departments to operate remotely.

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