Canada-based payments fintech company, Nuvei , has recently announced a new strategic partnership with Scanco , a provider of innovative software solutions for the manufacturing and distribution industries. The agreement between the two companies aims to enhance Scanco’s new Invoice2Payment (i2PAY) solution, that complements its existing warehouse management capabilities.

The new solution includes online payment processing, email receipts, automated deposits, and advanced analytics. More on the partnership By collaborating with Nuvei, Scanco enables customers to access a wide array of payment solutions such as CNP (card-not-present) and ACH processing capabilities, directly integrated into Scanco’s customers’ enterprise resource planning (ERP) systems. At the same time, customers also have access to Sage that can facilitate simplified workflows, increase back-office efficiencies, and make invoice-to-cash cycles faster.

The partnership also aims to help Scanco boost the development of an Autonomous Supply Chain platform across ecommerce and, by tapping into Nuvei’s global reach, the software solution provider can further expand internationally and scale its business. At the same time, officials from Nuvei said that integrating their advanced B2B payment capabilities with Scanco’s innovative software represents a step forward for businesses that can streamline their operations, enhance their cashflows, and make more informed financial decisions. On the other hand, the partnership also allows Scanco to deploy its i2PAY suite of solutions to address the critical payment requirements of clients and will further offer high efficiency and visibility for businesses operating in manufacturing environments or warehouses.

What you need to know about Scanco and Nuvei Scanco Software develops in-house new technologies for mobile warehouse, manufacturing, and payment automation solutions. Nuvei’s modular, scalable, and flexible technology allows partnering companies to accept a new generation of payments, offer payout options, and benefit from banking, card issuing, and risk and fraud management services. The global fintech connects businesses and their customers in 50 markets, 150 currencies, and more than 700 alternative payment methods to deliver financial inclusion and digitalisation.

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