Basware and the Comdata team to drive B2B payments forward

The Finnish provider of electronic invoicing solutions Basware extends its partnership with the payment company Comdata to create what they call “a powerful supply-to-pay ecosystem”.

Both companies announced the expansion in a press release on Wednesday (October 6), saying the combination of technical and product integration with sales and customer success teams will help customers further automate accounts payable processes. (AP).

“This partnership demonstrates our continued commitment to provide customers with an open ecosystem approach, grounded in connecting other leading technologies to the Basware solution,” said Matt Hanks, vice president of global product and partner marketing. from Basware.

“Comdata’s payment technology, combined with our industry-leading accounts payable automation solution, will enable corporate customers to simplify their AP operations, reduce risk and, with more complete and accessible data providing increased visibility, to spend more intelligently ” he added.

Headquartered in Brentwood, Tennessee, Comdata works with more than 30,000 businesses to help them manage their fleet, corporate purchasing, payroll and healthcare expenses, making it one of the leading commercial providers of Mastercard in the world. United States and Canada.

“As a payment automation provider, we strive to help solve the problems faced by overburdened accounts payable departments,” said Barbara Baldwin, senior vice president of corporate payments at Comdata. “We are proud to partner with Basware, which shares our goal of solving complex but complementary problems for our customers.

The version notes that Comdata and another Basware partner, Nvoicepay, are set to merge and re-launch as Corpay. Both companies are owned by FLEETCOR.

Read more: Basware, Dun & Bradstreet working on identifying supplier diversity

Earlier this year, Basware announced that it has made it easier for customers to identify minority-owned businesses in its vendor management solution, by giving them access to diversity data provided by the database on the diversity of Dun & Bradstreet.

The tool allows customers to quickly determine which vendors have minority vendor and small business status in their network. This can help businesses create and improve supplier diversity programs, while also helping procurement teams save time by providing them with data they would otherwise have to enter manually.



On: Forty-seven percent of U.S. consumers avoid digital-only banks due to data security concerns, despite considerable interest in these services. In Digital Banking: The Brewing Battle For Where We Will Bank, PYMNTS surveyed over 2,200 consumers to reveal how digital-only banks can boost privacy and security while providing convenient services to meet this unmet demand.

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