Cloud-based eInvoicing company Pagero and FinTech startup Facevalue will partner to help companies grow in terms of digitization of invoicing procedures, according to a press release.
“We believe this partnership will open many opportunities for businesses to streamline and optimize their accounts receivable processes,” said Pagero Partner Manager for BeNeLux Heike Braakhuis in the release. “Teaming up with Facevalue, more companies will have access to simplified eInvoicing and data analysis that helps them plan for the future and focus on growth.”
Facevalue customers have access to new automatically electronic invoices, with any invoice shared on the platform available to be delivered as an eInvoice to a receiver’s accounting system by using the Pagero network, the release stated. The goal is to cut down on processing time and errors.
Pagero customers’ invoice data can also be transferred for analysis to Facevalue, which lists the present value of every receivable a buyer is offered and leaves it to the supplier to decide what goods they want to sell.
Facevalue CEO Neels Bornman said in the release the way the partnership puts together eInvoicing and accounts receivable (AR) finance should be helpful for customers as the companies “offer a joint solution that combines business process automation and working capital optimization to a market that promises tremendous growth opportunities.”
In July, Pagero partnered with Previse to enable instant early payment technology. Previse is an artificial intelligence (AI) payments FinTech based in the U.K.
Read more: Previse/Pagero Partnership Lets Suppliers Say ‘Pay Me Now’
“The partnership will see Pagero roll out Previse’s early payment capabilities to its customers, giving suppliers on the Pagero network the option of a ‘pay me now’ button as soon as they generate an invoice,” according to a previous report. Previse’s InstantPay works with AI trained on billions of pounds of invoice data. That helps it decide whether invoices will be paid, unlocking bank capital to pay suppliers.
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