The collaboration combines Finexio’s Payments-as-a-Service infrastructure with RipplePoint’s long-standing hospitality expense analytics system. The companies said the joint solution is designed to help operators reduce costs by 30% to 60% while shifting AP from a labor-intensive cost center to a profit generator.
“By partnering with RipplePoint, we’re delivering a solution that fundamentally transforms how hospitality businesses manage their financial operations,” Ernest Rolfson, CEO and founder of Finexio, said in a statement.
Dustin Reineke, president and CEO of RipplePoint, stated that the partnership marks “a watershed moment” in hospitality, streamlining expenses and payments.
The hospitality sector, a $570 billion market, continues to grapple with fragmented supplier ecosystems and multilayer ownership structures. With properties spending an estimated 10 to 15 hours a week on manual AP processes, RipplePoint’s review of the payments landscape identified Finexio as the only partner capable of delivering embedded, enterprise-grade payment capabilities suited to the industry’s operational demands, the companies said.
The integrated platform enables revenue generation through optimized virtual card programs, targeting at least 1% cash back on eligible AP spend. It also offers automated AP workflows designed to cut processing time by 70%, supported by streamlined supplier onboarding. Security features include bank-grade fraud protection built on JPMorgan’s infrastructure, while combined analytics and payment data give operators expanded visibility into spend patterns and optimization opportunities.
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The integrated Finexio-RipplePoint solution is now available to RipplePoint customers, with early adopters reporting double-digit hours saved weekly and immediate cost savings, according to the companies.
Certainly, AP automation is a key concern for many businesses. Research cited in PYMNTS Intelligence’s latest Invoice-to-Pay Automation Tracker® notes nearly two-thirds of AP teams saw an increase in their manual workload over the past year. Hospitality firms can see significant benefits. A previous edition of the Tracker® notes that one boutique hotel, Hotel Emma, earned upwards of $30,000 annually in cash-back rebatesTop of Form using cash-back rebates. Bottom of FormAcross industries, PYMNTS Intelligence research indicates that 95% of firms that fully automate their AP processes see increased accuracy, efficiency and operational improvements.
