ATLANTA–(BUSINESS WIRE)–FLEETCOR Technologies, Inc. (NYSE: FLT), a leading global enterprise payments company, today announced the acquisition of Accrualify, Inc., an account automation software company suppliers (AP). Acquisition of Accrualify strengthens FLEETCOR®of payment solutions portfolio and complements the capabilities of its enterprise payment platform.
Accrualify’s technology helps businesses automate every step of the Procure-to-Pay (P2P) process, from purchase request to payment. The comprehensive cloud-based software platform provides mid-market businesses with complete automation of procurement and invoicing processes as well as payment execution.
“The acquisition of Accrualify provides workflow and process automation software that AP departments seek and complements our set of ‘process-to-execution’ AP payment solutions,” said Ron Clarke, President -General Manager of FLEETCOR Technologies, Inc. “We expect this ability to increase demand and revenue per customer for our corporate payments product line.”
Alston & Bird provided legal advice to FLEETCOR.
About FLEETCOR®
FLEETCOR Technologies (NYSE: FLT) is a leading global corporate payments company that helps businesses spend less by providing innovative solutions that enable and control spend-related purchasing and payment processes. The FLEETCOR portfolio of brands automates, secures, digitizes and manages payment transactions on behalf of businesses in more than 100 countries in North America, Latin America, Europe and Asia-Pacific. For more information, please visit www.FLEETCOR.com.
About Accumulation
Accrualify offers medium and large businesses cloud-based automation solutions to better manage their Procure-to-Pay and Accounts Payable processes. Accrualify’s products enable more efficient and automated management of purchase orders, accruals, invoices, payments, vendor management, and budgeting. To learn more about Accrualify’s P2P and AP automation tools, visit www.accualify.com.
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