Introducing Edenred Pay: IPS and Corporate Spending Innovations Unveil New Name and Brand Image
The leaders in AP automation, IPS and Corporate Spending Innovations (CSI) are now Edenred Pay, offering integrated end-to-end payment solutions.
BONITA SPRINGS, Fla., July 6, 2023 /PRNewswire-PRWeb/ -- IPS, a leader in invoice automation, and CSI (Corporate Spending Innovations), the global leader in B2B payments automation, announced that the companies will now be known as Edenred Pay. CSI Edenred, the corporate payment subsidiary of Edenred, acquired IPS last October. As part of today's announcement, Edenred Pay also introduced a new brand image and launched a corporate website at http://www.edenredpay.com.
The new name and brand image reinforces Edenred Pay's positioning beyond invoice-to-pay. As a result of CSI Edenred's acquisition of IPS, Edenred Pay now offers a wider range of payment solutions, including:
Invoice automation, from invoice capture to approval workflows and exception handling
Payment automation, from supplier enablement to payment decisioning and delivery
Payment issuing and processing, through our dual issuing platform
Supply chain finance (SCF), unlocking working capital for corporates and suppliers
Corporate travel payment, to issue single virtual cards for travel booking for easy reconciliation
Fleet fuel cards, with a broad range of fleet card options
"We are excited to announce our new name and brand image," said Edenred Pay CEO Marc Divay. "This is a significant milestone for our company, and it reflects our commitment to B2B payments automation. We believe that our integrated B2B payments platform and new name and brand image will better position us to continue to grow and succeed in the years to come."
Existing customers and partners of CSI Edenred can expect to continue to receive the same level of exceptional service from Edenred Pay. The company will continue to offer its full suite of B2B payment solutions, and it will also be adding new solutions in the future.
"We are excited to offer our customers and partners the combined capabilities of Edenred Pay," said IPS Founder Greg Bartels. "Our integrated platform creates an efficient, integrated solution for managing every aspect of the invoice-to-pay cycle and delivers value to the enterprise by enhancing visibility and monetizing B2B payments."
About Edenred Pay
Edenred Pay, an Edenred Company, is the global leader in B2B payments automation. Our integrated platform connects buyers with trading partners, ERPs, banks, FinTechs, and payment rails to optimize supplier enablement, invoice approvals, and B2B payments and create a frictionless process for B2B transactions. Edenred Pay's flexible technology, open architecture, advanced automation, and integration empower optimization of invoice-to-pay and order-to-cash processes. The result is an innovative approach to B2B transactions that delivers value and provides a better experience for all parties across the B2B payments ecosystem. Learn more at http://www.edenredpay.com.
About Edenred
Edenred is a leading digital platform for services and payments and the everyday companion for people at work, connecting 60 million users and 2 million partner merchants in 45 countries via close to 1 million corporate clients. Edenred offers specific-purpose payment solutions for food (such as meal benefits), incentives (such as gift cards, employee engagement platforms), mobility (such as multi-energy, maintenance, toll, parking and commuter solutions) and corporate payments (such as virtual cards). True to the Group's purpose, "Enrich connections. For good.", these solutions enhance users' well-being and purchasing power. They improve companies' attractiveness and efficiency and vitalize the employment market and the local economy. They also foster access to healthier food, more environmentally friendly products and softer mobility.
Edenred's 12,000 employees are committed to making the world of work a connected ecosystem that is safer, more efficient and more responsible every day. In 2022, thanks to its global technology assets, the Group managed some €38 billion in business volume, primarily carried out via mobile applications, online platforms and cards.
Edenred is listed on the Euronext Paris stock exchange and included in the following indices: CAC 40, CAC 40 ESG, Euronext 100, Euronext Tech Leaders, FTSE4Good and MSCI Europe.
Media Contact
Allen Gracey, EVP, Direct Sales and Marketing, Edenred Pay, +1 2399440965, allen.gracey@edenred.com
SOURCE Edenred Pay
