#USA #Atlanta #Digital Payments #EPI-USE #Fiserv

EPI-USE and Fiserv: A New Era in Digital Payments

EPI-USE, a part of Group Elephant, and recognized worldwide for its expertise in cloud-based SAP solutions, proudly announces an enhanced collaboration with Fiserv, a leading player in financial services technology. This partnership aims to revolutionize how organizations handle digital payments and manage financial reconciliations, enhancing operational efficiency and security.

Building on Existing Strengths

This new phase of collaboration continues to leverage the existing relationship between EPI-USE and Fiserv. Previously focused on integrating EPI-USE's smart payment technology with Fiserv's CardConnect, this expansion allows organizations to automate and simplify the reconciliation of digital payments with their financial records. This automated approach not just reduces errors but also strengthens fraud prevention measures, boosting overall financial integrity.

Introducing Innovative Technologies

The introduction of the AWS SDK for SAP catalyzed the development of EPI-USE's ERP Payment Reconciliation software. This tool accomplishes real-time reconciliation of payments, ultimately streamlining financial workflows. It offers features that cut down on collection costs through specialized merchant acceptance tools, while also mitigating fraud risk with sophisticated detection capabilities, including vendor registration, account holder verification, OFAC checking, and EIN/TIN matching.

With this software, organizations can manage transactions more effectively, monitor cash flow in real time, and swiftly detect fraudulent activities. Furthermore, dispute resolution can be managed more accurately and efficiently, thanks to these advanced technologies.

SnapPay: Enhancing the Order-to-Cash Process

In addition to ERP Payment Reconciliation, EPI-USE has also rolled out SnapPay in collaboration with Fiserv. This product is designed to streamline the entire Order-to-Cash process and modernize back-office operations. SnapPay integrates seamlessly with multiple Enterprise Resource Planning (ERP) platforms including SAP, Workday, and Oracle, allowing for automated accounting workflows and enhanced cash flow visibility. Moreover, it fortifies payment security and fraud prevention initiatives.

Notably, ERP Payment Reconciliation is versatile and can support businesses operating on various ERP technologies, making it suitable for multiple industry verticals. Whether in public sectors, retail, telecommunications, or utilities, this solution enhances digital payment acceptance and reconciliation processes, making it a valuable asset in the financial landscape.

Commitment to Innovation

Christopher Belford from EPI-USE emphasizes the excitement surrounding this partnership, stating, "We are delighted to bring this innovative combination of technology to our clients, jointly with Fiserv. With integrated Fiserv payment processing technology, our clients can achieve more automation, greater efficiencies, and modernized financial workflows." This collaboration reflects a shared commitment to providing clients with cutting-edge solutions that address real-world financial challenges while optimizing performance.

For organizations looking to improve their payment processing and reconciliation methods, partnering with EPI-USE and Fiserv presents a significant opportunity. The joint offerings of these two leading companies position clients to thrive in the evolving landscape of financial technology.

To learn more about these innovations in payment processing, visit EPI-USE's website to explore how it can transform your organization's financial operations.

Conclusion

As the landscape of financial management continues to evolve, collaborations like that between EPI-USE and Fiserv stand to redefine how organizations operate. By embracing new technologies and streamlining processes, businesses are well-equipped to tackle the complexities of today’s financial ecosystem, ensuring both efficiency and security in their operations.