Calculum Inc. Joins Forces With Corpay To Streamline Supplier Payments For Calculum Customers
CALCULUM INC. JOINS FORCES WITH CORPAY TO STREAMLINE SUPPLIER PAYMENTS FOR CALCULUM CUSTOMERS
Integration of Corpay Payments Automation into Calculum’s platform enables companies to gain greater financial visibility and cultivate stronger supplier relationships.
MIAMI and ATLANTA - (March 13, 2024) - Calculum Inc. is announcing its official partnership with Corpay to provide Calculum customers with access to Corpay Payments Automation, enabling businesses with a simple and streamlined platform when paying vendors and suppliers. Through this partnership, Calculum and Corpay jointly empower businesses of all sizes to optimize payment terms, manage spend operations efficiently, and cultivate stronger supplier relationships.
By aligning payment schedules with cash flow requirements and supplier preferences, this partnership enhances trust and collaboration within supply chains. It enables businesses to innovate and grow by achieving greater financial control through optimized payment terms and comprehensive spend management solutions. This synergy reduces inefficiencies and improves cash flow, empowering businesses to make informed decisions and achieve sustainable growth.
“We are thrilled to be announcing this new collaboration with the Corpay team,” says Terry Pierce, Chief Commercial Officer for Calculum. “Through this partnership, we are equipping our customers with additional tools and resources to enhance payment visibility and strengthen supplier relationships."
Corpay is a leading financial technology company specializing in intelligent spend management solutions. Whether consolidating card programs, managing expenses remotely or automating payment workflows, Corpay ensures businesses maintain complete control and visibility of transactions while reducing costs and enhancing efficiency. As the number-one B2B commercial Mastercard® issuer in North America, Corpay mitigates payment fraud risk by enrolling suppliers, collecting payment remittance information independently and safeguarding in-network payments with a comprehensive security and compliance infrastructure.
“Here at Corpay, we are enthusiastic about our new relationship with Calculum, offering enhanced supplier payment visibility and options for companies seeking to simplify payments and boost working capital,” says Caleb Jenkins, Manager of Business Development for Corpay. “Through our partnership, we aim to provide real-time decision-making and visibility into the supplier relationship and payments process, along with improved, zero-fee cash flow management.”
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About Calculum
Calculum is a science-driven, AI-powered supply chain analytics platform that facilitates companies to unlock working capital and generate billions in free cash flow. Headquartered in Miami, Calculum’s ADA Platform allows finance and procurement teams to analyze their suppliers in terms of payment terms, financials, sustainability, and conduct all the necessary arguments to negotiate more favorable terms. Calculum provides its financial supply chain solutions to companies of all sizes, including banks, private equity institutions, and their corporate clients globally.
For more information, please visitwww.calculum.ai.
About Corpay
Corpay is a global leader in business payments, helping companies of all sizes better track, manage, and pay their expenses. Corpay provides customers with a comprehensive suite of online payment solutions, including Bill Payment, AP Automation, Cross-Border Payments, Currency Risk Management, and Commercial Card Programs. As the #1 B2B commercial Mastercard® issuer in North America, Corpay handles over a billion transactions each year. Corpay is part of the FLEETCOR (NYSE: FLT) portfolio of brands.
To learn more visitwww.corpay.com.
Press Inquiries:
Chiny O’Hehir
VP Marketing, Calculum
Caleb Jenkins
Manager of Business Development, Corpay