Nuvei and BlackLine Team Up to Bring Payments Directly Into Invoice Software | LeapRate
Global fintech firm Nuvei announced Wednesday a new partnership with BlackLine, a finance software provider, to build payment acceptance right into BlackLine’s invoice system. The goal is to make it easier for companies to get paid faster and cut down on manual work.
The partnership is already up and running with some enterprise customers. It combines BlackLine’s invoicing tools with Nuvei’s payment technology, so businesses can accept payment the moment an invoice goes out and have it automatically matched and reconciled.
Many companies have moved their invoicing and accounting to digital platforms, but payments often still lag behind. This gap can slow down collections, create extra manual work, and make it harder for finance teams to see their cash flow clearly.
By placing payment tools inside BlackLine’s platform, finance teams can now handle invoicing, payments, and reconciliation all in one place.
Phil Fayer, Chair and CEO of Nuvei, said payments should work naturally within the invoice-to-cash process, not as a separate step. He said the partnership with BlackLine lets Nuvei bring its payment network directly into the tools finance teams already use.
Andy Liley of BlackLine said finance leaders face growing pressure to boost cash flow while staying efficient. He said this partnership brings payments and invoicing together in one system.
With the new setup, businesses can accept cards, bank transfers, and other payment methods straight from an invoice. Payments are automatically matched to open invoices, removing manual entry. Companies can also track payment status and cash position in real time, and collect money in 150 currencies across more than 190 markets.
