Execution management and process mining company Celonis and payment service provider Stripe on Wednesday (Feb. 9) agreed to deploy each other’s technology “to drive simplification and value for their customers,” according to the joint announcement.
Celonis’ Execution Management System (EMS) will help Stripe improve its user onboarding processes to make it faster and more efficient for Stripe customers to access the global online economy, the announcement says.
“As a company powering some of the largest and most ambitious businesses globally, state-of-the-art customer experience and efficiency is business-critical for Stripe,” said Eileen O’Mara, Head of EMEA Revenue & Growth at Stripe, in the joint announcement.
Stripe, meanwhile, will move Celonis customers to a usage-based paid subscription model, allowing the company to “simplify, monetize and scale the Celonis Marketplace,” the announcement says. Celonis will also build a marketplace and service offerings for implementation and advisory partners.
The company will use Stripe Connect to “more effectively and efficiently onboard third-parties from around the globe, bringing more value to its customers,” according to the joint announcement.
“Millions of businesses of all sizes use Stripe’s software for a smoother payment process,” said Miguel Milano, co-owner and Chief Revenue Officer at Celonis, in the announcement. “As it is, many businesses approach payments in ways that are still so archaic and monolithic.
“We’re pleased to partner with Stripe to help us build a world-class billing platform that offers a frictionless experience in payments, billing and subscriptions for our customers and partners,” he said.
Earlier this week, Stripe partnered with flights application programming interface (API) provider Duffel on payments solution Duffel Payments, which allows travel businesses to accept customer payments online by integrating with the Duffel API, allowing them to earn money by selling flights.
There is no upfront capital or down payment required for Duffel Payments users. The platform, which is available in more than 30 countries and in more than 135 currencies, allows travel sellers to add markups to their fares and bundle other travel products into a travel package for customers, whom they can charge directly.