News from the Wire

CSI now an automated payment provider of SAP Concur

Thursday, October 29, 2020 — 13:53:58 (EDT)

BONITA SPRINGS, FLA. (PRWEB) OCTOBER 29, 2020--Corporate Spending Innovations (CSI), a leader in electronic B2B payment solutions, and an SAP® Concur ® partner for financial services, announced today the availability of CSI Paysystems within the SAP Concur App Center. CSI’s integrated payments automation platform streamlines accounts payable automation for Concur® Invoice customers, enabling them to automate functions – from processing invoices and workflow approvals to payments decisioning and reconciliation.

With CSI and SAP Concur solutions customers can manage invoices and payments to optimize their accounts payable processes, reduce costs, and generate net new income. The integration of CSI Paysystems and Concur Invoice provides powerful features and functionality enabling customers to:

Sync vendor data Scan, code, route for approval, and extract and post invoices ready for payment to ERPs Automatically send payments data and information to CSI Paysystems to execute all supplier payments, including secure virtual card payments View details of the payments and complete additional approval workflows for payments, as needed View payments status updates within Concur Invoice and CSI Paysystems for full transaction visibility Receive settlement data, reconciliation, and reporting

"With the world changes that have taken place this year, companies are realizing the value of accounts payable automation to manage accounts payable processes from any location at any time,” stated Stefanie Nelsen, director of Business Line Technology, CSI. “CSI Paysystems provides customers using Concur Invoice with peace of mind that their invoices and payments will be securely processed with ease and full transaction visibility.”

For more information, please visit www.corporatespending.com/integrated-payables/.

About CSI CSI provides innovative payment solutions to world-leading brands with their highly secure corporate payment solutions that include CSI Paysystems, CSI Travel, CSI Go, CSI Connect, CSI Invoice, and global-fleet fuel cards. CSI customers can automate 100% of B2B payables including virtual credit card, proprietary network, ACH, check, or foreign exchange with cross-border payments settled in local currency. CSI is a certified Mastercard processor and has obtained Visa Ready for Business Solutions approval.

CSI is part of Edenred, the global leader in payment solutions for the working world. From single- and multiple-use virtual cards with or without information systems integration to identified wire transfers and supplier payment platforms, the Corporate Payment services offered by Edenred enable companies of all sizes and in all industries to meet their specific payment needs. Edenred’s flexible platforms simplify and secure clients’ incoming and outgoing transactions, while also facilitating their payment reconciliation process.

Any statements in this release that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. All forward-looking statements are subject to various risks and uncertainties described in SAP’s filings with the U.S. Securities and Exchange Commission (“SEC), including its most recent annual report on Form 20-F, that could cause actual results to differ materially from expectations. SAP cautions readers not to place undue reliance on these forward-looking statements which SAP has no obligation to update and which speak only as of their dates.

SAP and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE in Germany and other countries. Please see www.sap.com/copyright for additional trademark information and notices. All other product and service names mentioned are the trademarks of their respective companies.

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Source: Company press release.