Canadian fintech company Nuvei has formed a new partnership with CNBS Software, a digital transformation company focused on enterprises running SAP ERP, to boost payment processing.
The collaboration focuses on improving payment processing capabilities for businesses using SAP ECC and S4 systems through enhanced integration, security, and payment options.
Through the partnership, CNBS will be enabled to provide its customers with an integrated payment solution that can be easily aligned with their existing SAP environment.
Nuvei’s advanced payment solutions, including card acquiring and ACH online bank transfers, provide a secure payment infrastructure for businesses using SAP solutions.
CNBS is said to benefit from the Canadian fintech company’s experience, gained from decades of servicing ERP payment customers.
Nuvei CEO and chair Phil Fayer said: “Nuvei’s historical expertise in ERP and B2B payments combined with CNBS’ deep understanding of the SAP ecosystem creates a best-in-class experience for CNBS’ customers globally.
“Together, we are optimising payment processing within the SAP ecosystem, empowering businesses with enhanced capabilities and greater convenience to maximize revenue growth and operating efficiency.
“We’re honoured to formally enter the SAP ecosystem after years of servicing and integrating multiple ERPs – our knowledge and experience in this sector will help optimize CNBS’ functionalities across the globe.”
CNBS is enabled to optimise its payment workflows, using Nuvei’s enhanced payment services.
Nuvei’s broad range of payment methods will provide CNBS with a set of options to address the diverse needs of its global customer base.
The options include a collection of alternative payment methods to enhance revenue and advance growth, along with supporting payouts in the future.
Nuvei’s security framework enhances data security and fraud prevention, safeguarding transactions through CNBS software and protecting sensitive payment information.
CNBS is specialised in AR automation and invoice management solutions and serves a wide range of industries including manufacturing, distribution, and services.
Its lead product, ePay, delivers complete invoice management functionalities to simplify workflows and improve operational efficiency for SAP users worldwide.
CNBS president and CEO Ravi Manchala said: “We’re thrilled to be partnering with Nuvei to enhance the payments solutions we can offer our customers.
“Nuvei’s deep knowledge in integrated payments and global reach enables us to provide best-in-class service and user experience across all the payments functionalities of our platform.
“Nuvei has a deep knowledge and experience in integrated ERP & B2B payments, and we feel that our collaboration will bring vast enhancements to our services.”
