REPAY will power Hotel Investor Apps’ accounts payable and accounts receivable payment automation capabilities
Repay Holdings Corporation (NASDAQ: RPAY) (“REPAY”), a leading provider of vertically-integrated payment solutions, today announced the expansion of its integration with Hotel Investor Apps (HIA), an ERP & accounting solution with unique functionality designed for the hospitality industry, enabling HIA properties to streamline accounts payable processes, optimize internal workflows and securely pay vendors and suppliers.
Through the REPAY integration, HIA properties will now have increased access to a comprehensive payment solution with both accounts payable and accounts receivable payment automation capabilities. By streamlining outbound vendor payments, businesses can seamlessly pay vendors with increased efficiency and transparency, while reducing the costs associated with manual processes and traditional paper checks. Additionally, businesses using REPAY’s technology can significantly reduce their exposure to fraud risks by customizing various controls and eliminating the need to provide sensitive credit card or bank account information to hundreds of vendors.
“We’re thrilled to be expanding our partnership with HIA and continue our commitment to making transactions easier for our clients,” said Darin Horrocks, EVP, Business Payments, REPAY. “With a simple addition to our existing integration, HIA users will be able to access AR and AP payment capabilities within one platform, increasing operational efficiencies, maximizing revenue, and reducing overall costs and resources.”
“After working with the REPAY team to enhance our platform’s payment acceptance capabilities, we knew their services would be a great fit for streamlining accounts payable processes,” said Chip Fritsch, COO at Hotel Investors App. “We’re looking forward to expanding our partnership with REPAY and creating an even more robust platform to make our clients’ jobs and lives easier.”
About REPAY
REPAY provides integrated payment processing solutions to verticals that have specific transaction processing needs. REPAY’s proprietary, integrated payment technology platform reduces the complexity of electronic payments for clients, while enhancing the overall experience for consumers and businesses.
View source version on businesswire.com: https://www.businesswire.com/news/home/20220615005791/en/
Contacts
Investor Relations Contact for REPAY:
repayIR@icrinc.com
Media Relations Contact for REPAY:
Kristen Hoyman
khoyman@repay.com
