M3, Nvoicepay partner on accounts payable payment solution

working at a computer
The accounts payable payment solution is meant to reduce the overall cost of making payments. Photo credit: Getty Images / PeopleImages(Getty Images / PeopleImages)

Hospitality-focused cloud-based financial platform M3 and financial services provider Nvoicepay have teamed up to launch a new back-office processing product.

The resulting accounts payable payment solution is meant to reduce the overall cost of making payments and to help businesses mitigate payment fraud risk and generate rebates. 

“These days, businesses are looking for simple but robust back-office automation solutions to meet their needs, and Nvoicepay is excited to deliver,” said Nvoicepay President Josh Cyphers. “Our strategic and welcomed partnership with M3 enables us to meet the needs of the hospitality industry through our solution, which offers robust payment risk protection and a supplier network that turns making payments into a simple and secure task.”

M3 drives cost savings, revenue enhancement and data insight for more than 6,300 hotels. The platform works with other key systems and tools to offer accounting and financial analysis across entire portfolios with customizable operations and time management features.

Nvoicepay updates outdated back-office processes. The company's payment support teams aid suppliers, taking the task from the accounts payable workload.