Traxpay Enables Straight-Through Processing and Real-time, 24/7 Business Interaction

Traxpay was designed to fit into your existing workflows. There is no software to download, and it works via any web browser, online portal, or directly through your ERP system.
(PresseBox) ( Köln, )
Traxpay today announced that all payment applications in its Traxpay real-time B2B financial transactions platform have been certified for integration with the SAP® ERP 6.0 application, converging B2B supply chain commercial transactions and data flows with corporate back-office IT systems and operations. Designed exclusively for enterprise workflows, and with no software to download or manage, the Traxpay platform is simple to adopt, opens up new possibilities for accelerating cash flow, generating new revenue streams, and protecting against fraud and financial losses. Integration of the Traxpay real-time B2B financial transactions platform and SAP ERP enables straight-through processing, provides end-to-end transparency into transactions, simplifies workflows, and helps speed the entire business cycle for mutual customers. The user interface between the Traxpay applications and SAP ERP makes managing B2B interactions even simpler.

A secure electronic payment method for online and traditional B2B commerce, Traxpay’s products remove the barriers to direct, real-time, 24/7 business interactions while providing the highest level of bank-grade protection for all funds and data. By uniquely connecting full, rich data with each payment, settlement is fast and simple while communication and collaboration across the supply chain allows for rapid dispute resolution.

“With an estimated $300 trillion annually in wholesale B2B payments, and an inevitable shift to digital commerce, there is enormous opportunity to accelerate the flow of capital within the supply chain,” said John Bruggeman, CEO of Traxpay. “As many companies depend on SAP Business Suite software to optimize critical business operations, our direct interface with SAP ERP enables customers to unite their financial and business processes into an efficient workflow. The unique ability we offer is for corporate customers to deliver the right payment at the right time linked to the right data - anytime and anywhere – which can give B2B businesses a competitive edge and can literally save them millions.”
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