American Express Global Payments is adding cloud-based software from Intacct, a move that can make it easier to automate corporate payments, which still include paper-based processes.
Under an agreement announced Nov. 11, Amex will offer its supplier payment products through Intacct's Check Delivery Service. The service, which is based in the cloud, will allow companies to send checks to suppliers and automatically update their ledger.
"While middle market companies are increasingly adopting cloud solutions to support their priorities and investments for growth, supplier payments and financing still tend to sit outside of the cloud," said Darryl Brown, a president at Amex, in a Nov. 11 press release. "Our partnership with Intacct will facilitate the integration of payment services into their core financial management system."
The two companies also said in the release that additional cloud-based payment services "will be coming soon."