Boost Payment Solutions, a B2B payment processing company, has partnered with artificial intelligence software developer Robobai to help corporate firms optimize payments and improve disbursement processes across the supply chain.
According to a press release, the arrangement would provide clients of Robobai Boost’s straight-through B2B payments processing solution, which uses artificial intelligence (AI) to assist organizations in better monitoring their expenditures, with access to the service.
“By integrating AI-driven data with Boost’s quick, secure commercial card processing, clients can get the best of both worlds,” Boost Chief Revenue Officer Lou Longhi said in a statement.
While Boost and its strategic, global relationships optimize accounts payable (AP) and simplify the payment and compliance process, Robobai’s AI system aids firms with savings potential, supplier compliance, risk assessment, and insights, according to the news release.
Robobai CEO and Founder Julian Harris remarked in the announcement, “Optimizing working capital is vital in the current inflationary climate.” ” The Robobai platform informs suppliers to potential payment efficiency.” Our cooperation with Boost will allow our clients to benefit on these opportunities as soon as feasible.”
According to Boost Payment Solutions Founder and CEO Dean Leavitt, implementing a company credit card product may help with working capital difficulties on both the buy and supply sides by increasing days payable outstanding while lowering days sales outstanding.
