NEW YORK, Dec. 5, 2017 /PRNewswire/ -- DadeSystems, a leading provider of integrated receivables solutions, announced it has signed an agreement with Transactis, a leading provider of electronic billing and payment solutions. This agreement brings DadeSystems' advanced AR solutions to Transactis' clients, which include Fortune 1000 corporations, major technology businesses and 12 of the top 25 banks in the U.S. In addition, DadeSystems will now offer Transactis' advanced payments technology, BillerIQ, to their clients.
"The needs of the dynamic payments industry continue to evolve with new products consistently entering the market," said Transactis' CEO Joe Proto. "Our relationship with DadeSystems allows us to offer our clients their advanced invoice matching and payment re-association cloud-based solution so businesses can capture payment and remittance information in a straight thru process."
"Transactis is well positioned as the leader in the electronic billing and payments space. We are excited to bring our technology to Transactis' world-class clients and to also offer their solution, BillerIQ, to our growing customer base," stated Bill Zayas, CEO of DadeSystems.
Headquartered in Miami, Florida, DadeSystems automates the invoice-to-cash application process to increase efficiency and accelerate cash flow. DadeSystems serves multiple industries including distribution, food and beverage, manufacturing, financial, transportation, wholesale, property management, healthcare, retail, travel and agriculture. DadePay AR Automation, part of a SaaS suite of fully integrated products, automatically captures all incoming payments, including cash, checks, ACH, EFT, and credit cards. Using patented technologies and machine learning, payments are automatically matched to open invoices and update the companies' ERP systems. All checks received are electronically transmitted to the bank for immediate deposit. The DadePay product suite also includes an ePayment customer portal and Mobile AR application. The DadePay ePayment customer portal, allows companies to send notifications and alert customers when payments are due. DadePay portal payments accommodate both ACH and credit card and are 100% matched to corresponding invoices. DadePay Mobile allows sales and delivery drivers to capture images of checks and remittances and electronically transmit them to AR Automation for immediate processing. The entire product suite is part of a single enterprise solution.
Transactis transforms traditional paper billing and payment processing by enabling businesses of all sizes to replace paper bills, statements, invoices, payments and documents with efficient and cost effective digital alternatives. Transactis goes to market exclusively with resellers—financial institutions, technology companies, printers and business process outsourcers—to provide their customers with secure, configurable, white-label, industry-leading SaaS solutions. More than a technology provider to resellers, Transactis is a full-service business partner, delivering a broad and deep suite of sales, marketing, technical and operational support, empowering resellers to more successfully serve their clients. Transactis meets the strictest regulatory and compliance requirements including HIPAA, SSAE 16, PCI Level 1, and SOC 2. Transactis has received the Inc. 500 Award, Deloitte Technology Fast 500 Award, AlwaysOn OnFinance Top 100 Award, Red Herring Top 100 Award, PYMNTS Innovation Award, PayStream Advisors Innovative Technology Award, and has been named a 'Cool Vendor' by Gartner. Transactis' investors include ff Venture Capital, MacAndrews & Forbes, Metamorphic Ventures, Safeguard Scientifics, StarVest Partners, Capital One, Fifth Third Bank, PNC, TD Bank and Wells Fargo. For more information, please visit transactis.com or follow us on Twitter @TransactisUS.
Tom Berdan / DadeSystems
855-418-2786 x705/ firstname.lastname@example.org
Laura Mitchell / Transactis
347.844.6742 / email@example.com