Addressing the need of the modern businesses for automated financial management systems is Tennessee-based Comdata, a subsidiary of FLEETCOR Technologies. Through relentless innovation, Comdata is delivering next-generation financial solutions to reduce the friction in B2B financial transactions. With more than 50 years of experience in the industry, Comdata always to aims to solve the unmet financial needs of businesses.
Comdata provides automated accounts payable solutions for companies of all sizes that are seamless and compatible with nearly every accounting system. For small and medium enterprises (SMEs), Comdata provides it’s ASAP (Automated Streamlined Accounts Payable) solution, which is designed to make paying the bills at work as simple as it is at home. ASAP removes the burden of invoice processing, bill payment and accounting reconciliation.
Similarly, Comdata offers its ConnectPay solution for larger companies that have more sophisticated accounting needs. ConnectPay is an integrated payables software that allows corporate AP groups to quickly and efficiently make all vendor payments in a few simple steps. Payments via check, ACH, wire and virtual credit card can all be made at the same time, saving AP team’s hours of manual effort.
Kurt Adams, President of Comdata’s Corporate Payments division, offered one of Comdata’s clients as an example of how they help companies improve payments. He shares the story of a large construction company based in Cleveland, Ohio, that was paying most of its invoices with paper checks. Comdata was able to help the company eliminate roughly 2,500 paper check payments each year while implementing new purchasing and fuel card programs. All of which integrate with the company’s accounting system to make reconciliation and reporting easy. That company can attribute $260,000 in direct bottom line improvement to Comdata’s payment technology thanks to hard cost savings and rebates on card purchases.
Our mission is to offer modern businesses a better way to pay
In the digital world, Comdata has brought an amusing solution, which helps not just for easier transactions but also in keeping a track on the financial as well as budgeting decisions.
FREMONT, CA: “Our mission is to offer modern businesses a better way to pay,” said Kurt Adams, President of Comdata. “We do that not by building products, but by offering technology and support services that help companies build world-class payment programs.”