San Francisco, CA, November 05, 2018 --(PR.com
)-- SnapCheck, the leading API-based digital payments platform, today announced support for Invoira, a pioneer in accounts payable automation for accountants and bookkeepers. The combined offerings will provide end-to-end bill payment automation for the millions of SMBs throughout the United States.
The process of business payments or B2B payments is still a manual and time-consuming process for most businesses. Many firms spend countless hours manually dealing with invoices and use paper checks for over 70 percent of their payments. This costly, convoluted process leaves no easy way of tracking invoices and wastes billions of dollars, globally, in inefficiencies.
Invoira aims to help small and medium businesses save time and money by streamlining their invoice-to-payment processes through a secure web-based e-invoicing network which connects businesses, both large and small, and streamlines their invoice-to-pay process.
And SnapCheck’s digital checking platform brings together the universal acceptance of checks with the speed, security, and convenience of electronic transactions. SnapCheck gives businesses, consumers, and financial institutions the ability to save over $50 billion a year in costs and $20 billion a year in fraud losses.
“Invoira conducted a detailed and deliberate process to find the right payments provider for our platform. Business payments are considerably different from retail payments, so we knew we needed a provider that understood our customers and their needs. With SnapCheck, we found a partner with the very best technology and key industry expertise,” said Invoira CEO, Manny Salom.
Ken Kruszka, CEO of SnapCheck Inc., noted, “We were impressed with Invoira’s approach to helping small and medium sized businesses automate their accounts payables processes. SMBs behave very differently from large corporations, and Invoira has tapped into a tremendous opportunity by empowering accountants and bookkeepers to better serve those clients. We’re proud to be working hand-in-hand with them on this mission.”
By offering Invoira customers SnapCheck digital check payments, the service closes the loop to provide a fully digital experience from invoice to payment. Invoira’s Salom added, “SnapCheck helps us with processing mass payments on behalf of our clients. They take out all of the complexities around B2B payments and provide a seamless API integration allowing us to have full control of the user experience.”
SnapCheck will be exhibiting and demonstrating their digital checking platform at AFP 2018. SnapCheck will be located at Booth M3 in MindShift Row.