Regal Software, Amex launch new payment solution for business clients
Regal Software Technologies and American Express (Amex) have collaborated to provide business clients an automated way to pay suppliers.
The new solution, RegalPay Payables Automation with American Express, is a universal software adapter that connects accounts payable systems directly to American Express.
The new offering enables business clients to pay their suppliers through American Express virtual card capabilities, in which each payment is issued a single-use account number, a fixed authorization amount, and an expiration date.
Furthermore, the users will also be able to pull payment batches directly from their accounting system to pay multiple invoices together.
RegalPay monitors each transaction and downloads the status in the RegalPay software which reduces the possibility of errors.
American Express global commercial payments vice president, B2B products, Gint Balodis said: “American Express is committed to providing holistic business-to-business payments solutions that meet the needs of our corporate clients.
“This integration allows companies to electronically pay suppliers right from their accounting software in RegalPay, simplifying and streamlining their B2B payments process.”
Regal Software CEO Kofi Conduah said: “Customers will now be able to optimize their American Express Corporate Card experience using the RegalPay solution.
“Enhanced automation, security, and efficiency are at the core of RegalPay. We are excited to collaborate with American Express to offer this innovative solution to the corporate payment space.”