Thursday, 22 September 2011

UK Financial Service Authority FSA Payment Services Directive (PSD) has registered Invapay as PSD 540322.

Invapay are delighted to be registered as a Payments Institution which validates Invapay’s business model, processes and financial controls meet with PSD requirements.

This enhances Invapay’s extensive range of payment options, which assists corporations manage their working capital for their indirect purchases from the long tail of one-time-only and tactical vendors.

Invapay’s cloud-based trading and payment portal delivers control, compliance, ERP/EProcurement type spend visibility, alignment and joined-up procurement and financial thinking.

Fixed total cost of ownership and provision of enriched management information is the core of Invapay’s deliverables. Invapay can take responsibility for vendor management and collaboration, delivering full line item detail enabling financial spend control and analytics.

The Invapay platform puts one-time-only vendors and tactical procurement in plain sight, thus disposing of the black hole of miscellaneous spend, reducing the cost of doing business. Invapay gives users the freedom to buy from any vendor, and the corporate power to control the procurement and payment decisions