{"id":546261,"date":"2023-05-08T11:16:43","date_gmt":"2023-05-08T10:16:43","guid":{"rendered":"https:\/\/ibsintelligence.com\/?post_type=ibsi_news&p=546261"},"modified":"2024-05-28T07:21:14","modified_gmt":"2024-05-28T06:21:14","slug":"provi-launches-provipay-to-boost-digitisation-of-b2b-payments","status":"publish","type":"ibsi_news","link":"https:\/\/ibsintelligence.com\/ibsi-news\/provi-launches-provipay-to-boost-digitisation-of-b2b-payments\/","title":{"rendered":"Provi launches ProviPay to boost digitisation of B2B payments"},"content":{"rendered":"

\"Provi\"<\/a>Provi, an online marketplace<\/a> for the beverage alcohol industry, has announced the expansion of its digital solutions with its electronic payment offering, ProviPay.<\/p>\n

\u201cWe are excited to bring an end-to-end online solution for our retail and distributor customers with the expansion of ProviPay,\u201d said Taylor Katzman, Provi\u2019s Founder and CEO<\/strong>. \u201cSolving for the burdens and challenges our customers face with our digital solutions enables them to grow their business and generates tremendous impact for the entire beverage alcohol industry.\u201d<\/p>\n

ProviPay was introduced to Provi marketplace users to make invoice tracking and payments more streamlined. The solution enables retailers to view invoices and submit payments<\/a> to multiple distributors online in one place rather than keeping track of paper invoices for their beverage orders and issuing checks to their distributors.<\/p>\n

\u201cProviPay has been an essential tool as we shifted our operations towards digital, particularly in a post-pandemic world,\u201d said Marc Gitlin, Owner Nissi\u2019s Entertainment Venue & Event Center<\/strong>. \u201cAs we reopened our business, making and managing payments online through our key wholesale partners has given us the ability to streamline our alcohol ordering process. We look forward to more distributors adopting this solution in the future.\u201d<\/p>\n

Since its digital payments solution launched, Provi has launched new features for a frictionless and compliant payment experience between retailers and distributors. ProviPay retail users can now view invoices and invoice details, sync multiple bank accounts, pay their distributors with a click of a button, schedule payments for the future, set up autopay, and even view and apply available credits to invoices.<\/p>\n

The company also recently announced it had evolved ProviPay to adhere to state-specific payment regulations and plans to roll out the solution in select markets throughout the US later this year. The company stated that ProviPay is adaptable to meet market regulations for Cash-on-Delivery (COD) and Credit Term Markets.<\/p>\n","protected":false},"author":35778,"featured_media":546263,"parent":0,"template":"","categories":[11384],"tags":[13205,35475,12895,16149,26185,35274,20863,18660,35476,18987],"class_list":["post-546261","ibsi_news","type-ibsi_news","status-publish","has-post-thumbnail","hentry","category-payments","tag-bank-accounts","tag-cash-on-delivery","tag-credits","tag-digital-payment","tag-electronic-payment","tag-fintech-usa","tag-invoices","tag-online-marketplace","tag-provipay","tag-retailers"],"acf":[],"yoast_head":"\nProvi launches ProviPay to boost digitisation of B2B payments<\/title>\n<meta name=\"description\" content=\"Provi, an online marketplace for the beverage alcohol industry, has announced the expansion of its digital solutions.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ibsintelligence.com\/ibsi-news\/provi-launches-provipay-to-boost-digitisation-of-b2b-payments\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Provi launches ProviPay to boost digitisation of B2B payments\" \/>\n<meta property=\"og:description\" content=\"IBS Intelligence (IBSi) is the world\u2019s only pure-play Financial Technology focused research, advisory, and fintech news analysis firm, with a 30-year track record and clients globally. 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