PRESS RELEASE 04/04/2019 – LONG BEACH, Calif.— ACOM Solutions and Accounting Systems, Inc. (ASI) announce a new strategic partnership with the launch of ACOMPAY intelligent payment automation for ASI ERP customers. A leading payment technology provider, ACOM transforms the way companies pay suppliers by intelligently determining the best way to pay and complete their transactions automatically. ASI is a nationwide provider of Sage and Acumatica business management solutions, consulting, implementation and support services.
This collaboration delivers fully integrated payments integration for business customers, enabling them to leverage existing ERP financial solutions, by extending the paperless process straight through to payment settlement and reporting. ASI users now have the ability to easily pay 100% of their supplier invoices electronically, producing end-to-end “invoice-through-payment” processing – to expand payables visibility, reduce AP costs and gain greater control over spend management.
“We’re very excited to partner with ASI. They’re an innovative technology solution provider, laser-focused on meeting the business needs and software solution requirements of this important market,” said ACOM President and CEO Patrick McMahon. ACOMPAY simplifies making business payments by receiving a single payment file for all AP disbursements; then optimizes the payment process to pay suppliers in the most cost-effective method. Users gain unparalleled visibility of their payables, expanded cash management capabilities and the opportunity to generate revenue directly from their supplier payments,” he added.
Unlike banks’ ePayment offerings, ACOM completes the entire enrollment and onboarding of suppliers, then continuously monitors them for the acceptable electronic payment method. ACOM maintains this information as it changes over time, relieving accounting personnel from any burden and ensuring that accounting teams automatically pay their suppliers in the most efficient payment method. Vendor management plays a key role in payment processing, and it’s an important part of the ACOMPAY service.
“The way companies pay suppliers has a significant financial impact on their businesses,” says ASI President Brian Kelly. “Partnering with ACOM brings leading FinTech innovation for electronic payments to Sage and Acumatica customers, eliminating both the cost and inefficiencies over processing payments manually. This is a strategic initiative for us as we enable more organizations to take full benefit of this important technology,” Brian added.
To find out more about ACOM Solutions partnership opportunities, visit www.acom.com or call 800-347-3638.
About ACOM Solutions
A leading FinTech provider of AP payment automation, ACOM has been transforming the way companies pay their suppliers since 1983. More than 1,500 midsize companies spanning multiple industries have used ACOM’s solutions to automate AP payment cycles, eliminate manual payments, reduce costs, mitigate financial fraud and gain greater visibility and control of an organization’s cash spend. ACOM customers process over 33 million payment transactions per year representing over $112 Billion.
Accounting Systems, Inc. (ASI) provides business management ERP and accounting solutions to help businesses of all sizes grow. Based in South Carolina, ASI keeps customers ahead of the curve nationally with the best that Acumatica, Sage 100 (formerly Sage MAS 90/200) and Sage BusinessWorks Accounting have to offer while constantly striving to exceed expectations in customer satisfaction. The company also offers Acumatica and Sage 100 customizations as well as custom developed solutions to uniquely suit business needs. Whether customers need on-premises, hosted or Cloud applications, ASI assists in choosing the most effective option for optimal growth. Upon integration completion, they provide continual customer care, working onsite or remotely when needed.