Symbeo, a CorVel Company, launches payment solution purpose-built to meet today’s B2B challenges

New solution for payment automation drives success, improved security for enterprise and mid-market-size organizations

PORTLAND, Ore., July 25, 2023 (GLOBE NEWSWIRE) -- Symbeo, Inc., a CorVel company, has launched a new solution for Payments as part of its offering for Accounts Payable Invoice Automation.

In partnership with Corpay, the global leader in business payments with a comprehensive and trusted suite of online payment solutions, Symbeo’s Payments product streamlines the payment process, expands working capital, and cuts cost by removing manual processes, contributing to a modern work environment with automated invoice and payments approvals, centralized controls, and the agility to respond to environmental factors quickly.

“With our Payments product, customers solve a number of their most problematic pain points, including fraud detection, supplier onboarding, attrition, and vendor resolution. High volume transactions executed with full transparency throughout the payment cycle provide tighter financial controls to safeguard the bottom line. Undoubtedly, customers can increase their market capitalization with existing spend, to unlock the value in payables.” — Tomika A. Russell, President of Symbeo.

For decades, customers have trusted Symbeo to deliver accounts payable (AP) automation with the blend of cutting-edge technology, processes, and a human-in-the-loop, when necessary. With the addition of Payments to its modular AP Automation suite of solutions, Symbeo brings a complete invoice-to-pay platform to the market that saves time and costs by consolidating vendor invoice approvals and payments into a single workflow. Customers can grow their business, reduce cycle times, and manage transparency throughout the value chain while improving employee experience.

About Symbeo

Symbeo helps businesses everywhere build efficiencies between payors and payees for corporate accounts payable (AP) business-to-business transactions with true AP automation. As an industry leader for over 25+ years, we remove the manual invoice process burden by navigating emerging technologies, including Artificial Intelligence, Machine Learning, and intelligent OCR solutions, to optimize the P2P ecosystem from invoice receipt through payments. In harnessing the power of automation, we create a paperless environment that helps our customers achieve sustainability goals and focus on what matters most. Learn more at symbeo.com or call us at 888.722.6663.