The B2B payment processing company Boost Payment Solutions has partnered with artificial intelligence software provider Robobai to help business organizations in speeding up payments optimization and give workers throughout the supply chain speedier disbursement procedures.
In accordance with a news release, Robobai customers will now have access to Boost’s straight-through B2B payments processing service. Robobai uses artificial intelligence (AI) to help businesses better understand their spending.
“Combining AI-driven data with Boost’s fast, secure processing for commercial cards can provide customers with the best of both worlds, allowing businesses to understand the opportunities within their supply chains and optimize them with quick, clever payments,” claims Lou Longhi, chief revenue officer at Boost.
The news statement states that Boost and its strategic, global alliances optimize accounts payable (AP) and expedite the payment and compliance procedures, while Robobai and its AI system aid organizations with cost savings potential, supplier compliance, risk assessment, and insights.
According to the news release, Julian Harris, the CEO and founder of Robobai, stated that “optimizing working capital is vital” in the current inflationary market.
Suppliers are informed of chances for payment optimization through the Robobai platform.
“Introducing digital payments not only provides you with the benefit in the case of the working capital benefit, but you can also send along with that transaction an unlimited amount of data in a host of different formats and delivery protocols so that the stakeholders, the buyers or the suppliers, can receive that remittance detail and automatically ingest it into their accounting system or ERP system,” Leavitt continued.
