Global Payments Launches Integrated Vendor Payment Solution for Sage Intacct

New AP Automation Platform Brings Direct Payment Management and Cash-Back Rewards to Sage Intacct Users

Key Facts

• Global Payments’ MineralTree business launches integrated vendor payments solution within Sage Intacct platform
• Solution enables direct payment initiation and management within Sage Intacct, eliminating need for separate systems
• Offers cash-back rebates on virtual card spend and supports multiple payment methods including ACH, virtual card, and check

Introduction

Global Payments Inc. (NYSE: GPN) transforms accounts payable operations with the launch of Vendor Payments powered by MineralTree, a comprehensive payment automation solution integrated within Sage Intacct. According to Finextra, this integration enables finance teams to manage vendor payments seamlessly without leaving their primary platform, marking a significant advancement in payment automation technology.

Key Developments

The solution addresses critical pain points in accounts payable management by eliminating the need for separate logins, additional bank accounts, and middleware. Users can initiate payments directly from Sage Intacct, streamlining workflow processes and enhancing operational efficiency. The platform supports multiple payment methods, including ACH, virtual card, and check payments, while maintaining robust security measures and control mechanisms.

Market Impact

This integration represents a strategic move in the embedded finance landscape, where financial services are increasingly integrated into business software. The solution particularly benefits SMBs by providing real-time visibility into cash flow and outgoing payments, crucial for organizations managing tight margins.

Brian Greehan, head of B2B solutions for Global Payments, emphasizes the strategic importance: “With so many finance teams overwhelmed by disconnected tools, our goal was to embed payments into the software they already use everyday.”

Strategic Insights

The partnership between Global Payments and Sage positions both companies to capture a larger share of AP spend while strengthening customer loyalty. This development intensifies competition among fintechs and ERP providers, potentially pressuring legacy AP software vendors to innovate.

Expert Opinions and Data

Dan Miller, EVP Financials and ERP Division at Sage, highlights the solution’s efficiency benefits: “Finance teams want simplicity and efficiency – everything in one place. Embedding payments directly into Sage Intacct lets teams seamlessly approve and pay bills without switching systems, creating smoother workflows and freeing time for strategic tasks.”

The platform’s design focuses on user experience, offering seamless onboarding and workflow support including approval rules and multi-entity environments. Additionally, the solution provides financial incentives through cash-back rebates on virtual card spending, creating additional value for users.

Conclusion

The launch of Vendor Payments powered by MineralTree represents a significant step forward in payment automation technology. By integrating directly with Sage Intacct, the solution addresses key operational challenges while providing enhanced control and visibility for finance teams. The partnership demonstrates Global Payments’ commitment to innovation in payment technology and software solutions, while meeting the evolving needs of modern businesses.