Business payment service provider Veem on Monday (May 2) debuted enhanced card options and faster ACH, among other new functionalities, to give small businesses increased flexibility in how they pay and get paid to manage cash flow, according to a company press release.
Veem is expanding its card offerings to give small businesses increased access to credit cards without having to set up a merchant account. The company has also enabled faster ACH, allowing small- to medium-sized business (SMB) clients to manage their payment delivery times from three business days to one business day, the press release said.
“Giving small businesses total control over how to best manage their cash inflows and outflows is a necessity for companies looking to better navigate the current inflation pressures,” said Marwan Forzley, CEO of Veem. “Amid this current macroeconomic uncertainty, businesses are looking to optimize cash flow effectively and with as much flexibility as possible.
“Veem’s expanded card capabilities and the ability to select faster ACH, are purpose-built solutions for SMBs looking to take control of their payments and part of our enhanced portfolio of payment options. We are excited to offer small business owners with yet another set of tools that simplifies the payments process.”
In November, Veem debuted the Veem Partner Connect program to give partners flexible integration options of its payment offerings
Veem Partner Connect payments ecosystem providers can use Veem’s platform to give their SMB customers accounts payable (AP) and accounts receivable (AR), invoicing and payment services. The embedded, configurable solutions can also be co-branded with Veem using a plug-and-play installation procedure.
Veem Partner Connect solutions also offer a hosted standalone feature that gives partners full access to Veem’s workflows and payment functionalities through a single sign-on. The program’s application programming interfaces (APIs) allow Veem partners to customize the integration of Partner Connect’s capabilities to their systems and add drop-in components of Veem features, including invoice and payables.