Supplier Management Powered by AI
Artificial intelligence optimizes a holistic payments strategy combined with a consultative supplier management approach.
A trusted partner of some of the largest financial institutions, procurement, and accounts payable software.
Modern Supplier Management
As a trusted partner for our customers and their suppliers, Finexio leverages data and AI to optimize secure electronic payment acceptance to rates significantly higher than industry averages.
Supplier Data Cleaning & Enrichment
Clean and accurate payment data enables better decision making, prevents delays, and improves reporting
Predictive Model for Supplier Conversion
Finexio’s leverages AI to predict conversion to any payment method with an impressive 93% accuracy rate
Supplier Communication
100% of payment communication with suppliers is managed with defined onboarding and maintenance of payment preferences
Consultative Approach
Finexio keeps a positive rapport with suppliers by adapting to changes in supplier preferences for long-term success for buyer and supplier
“Finexio is a game-changer. The service and onboarding process were a big part of our success and helping our suppliers get on the right payment methods.”
- Daniel Condon, CFO at Phoenix Stamping
Supplier Data Cleaning & Enrichment
Clean supplier payment data allows for more accurate predictive modelling to increase electronic payment conversion
Accurate payment data prevents payment delays and speeds up payment delivery
Payment data is always up-to-date, robust, and reliable for actionable and accurate reporting available 24/7
Predictive Model for Supplier Conversion
Finexio leverages AI to predict and optimize electronic payment conversion
Finexio has access to card issuer data sets for increasing virtual card acceptance
Industry-specific payment data translates to strategic payment optimization
Finexio Takes on 100% of Supplier Communication
Finexio’s communicates the value of electronic payments to your suppliers
All suppliers are targeted equally, and 100% of spend is managed efficiently
Ongoing supplier conversion through multiple campaign channels, not just during onboarding
Holistic and Consultative Approach
Multi-channel campaigns to educate suppliers on the value of electronic payments
Customer-branded materials ensure supplier trust and safety
Ongoing management of supplier payment preferences, not just during onboarding
Why Supplier Management Powered by AI?
Remove the need for internal AP teams to call suppliers, update and verify information, and educate them on electronic payments. Instead, Finexio handles all supplier communications and provides white-glove service to all parties involved. Finexio’s AI model predicts conversion to any payment method with an impressive 93% accuracy rate.
Saves Time & Reduces Complexity
No need to manually onboard each new supplier and convert them to electronic payments. Finexio takes on 100% of the communication to suppliers with a defined onboarding process.
Reduces Costs
Finexio’s Supplier Management becomes an extension of your AP team, so you don’t have to add additional headcount, and staff can focus on other business initiatives. Reduce paper check costs and gain electronic payment revenue opportunities.
Supports Suppliers
Finexio’s Supplier Management provides continued education to suppliers on the benefits of electronic payments. Suppliers become meaningfully engaged, which leads to a better working relationship.
Make Payments Profitable
Finexio’s Supplier Management guarantees that your suppliers have a seamless payments experience. Realize high virtual card and payment adoption without the manual effort of converting suppliers.
