Priority Commercial Payments Recognized as a Top 10 Accounts Payable Solution Provider
Priority Commercial Payments, an affiliate of Priority Technology Holdings Inc. (NASDAQ: PRTH), has been recognized as one of the 10 Top Accounts Payable Solution Providers by CFO Tech Outlook. The publication has announced its annual listing in a special issue of CFO Tech Outlook.
According to CFO Tech Outlook, Priority Commercial Payments is at the forefront of providing accounts payable solutions that are transforming businesses. CFO Tech Outlook has published a profile of Priority Commercial Payment’s solutions, their intuitive vision, and the unique value they are delivering to organizations.
“We are very excited to be named in the top 10 AP solution providers,” said Tom Priore, chairman and CEO of PRTH. “This recognition demonstrates the depth of our commitment to helping tech-savvy CFOs go beyond invoice automation to achieve fully automated payments, optimized cash flow and enhanced supplier relationships.”
In profiling Priority Commercial Payments, the article states, “The company is on a mission to help tech-savvy CFOs transform Accounts Payable (AP) by solving three top barriers plaguing their teams: disparate payment processes, dependency on IT resources to transition to automated payments, and cost-sensitivity of suppliers in accepting electronic payment.”
At the core of Priority’s value proposition is the Commercial Payments Exchange (CPX) platform and targeted supplier enablement services. These solutions reduce friction in AP payments, by eliminating inefficient manual processes, and enhance cash flow, by driving early payment discounts and cash-back incentives to the buyer.
AP teams embrace the easy yet robust interactive portal to manage payments, supplier information, data exchange, and reporting. The solution eliminates AP and AR siloes, integrates back-office systems, and helps finance teams execute strategic cash flow management while generating cash back to the bottom line.
About CFO Tech Outlook
Following a peer-to-peer learning approach, CFO Tech Outlook highlights the latest trends and technologies to assist CFOs in driving corporate performance with real-time access to organizational and market data, better assess and manage risk with increased visibility through a single, integrated view into their organization and grow their business with greater agility and efficiency. The articles portrayed in the magazine are contributing toward transforming a CFO’s industry outlook by featuring solutions and services of firms that are unique and enhance traditional financial systems.
About Priority Commercial Payments
Priority Commercial Payments delivers industry-leading solutions and services for integrating commercial accounts payable and a full suite of targeted supplier activation services. We work directly with organizations and in partnership with financial institutions, card networks, and other marketplace partners. Priority unleashes potential value within the payments ecosystem by enabling buyers to benefit from discounts, rebates, and incentives, and suppliers to benefit from cash acceleration. As part of Priority Technology Holdings, founded in 2005 and headquartered in Alpharetta, Georgia, Priority Commercial Payments is one of the fastest-growing payments companies in the U.S.