IPS and CSI Edenred Announce New Name and Brand Image: Edenred Pay

⇨ IPS and CSI Edenred are now fully combined following October 2022 acquisition, now known as Edenred Pay.

⇨ The move reinforces the positioning of Edenred Pay as it moves beyond invoice-to-pay, offering its clients a wider array of services.

⇨ Edenred Pay will offer the same B2B payment solutions as before, as well as planning to add new solutions in the future.

IPS and CSI Edenred announced that the companies will now be known as Edenred Pay going forward. In a press release, the company revealed its new name and brand image on its new corporate website. IPS was acquired by CSI Edenred in October 2022.

“We are excited to announce our new name and brand image,” said Edenred Pay CEO Marc Divay. “This is a significant milestone for our company, and it reflects our commitment to B2B payments automation. We believe that our integrated B2B payments platform and new name and brand image will better position us to continue to grow and succeed in the years to come.”

Full Suite of Solutions

Previously, IPS was known as a solutions provider and SAP-certified integrations partner that allowed clients to automate, optimize, and monetize AP functions with end-to-end invoice-to-pay solutions, simplifying the steps of processes such as supplier onboarding, invoice automation, or supplier payments.

The move reinforces the positioning of Edenred Pay as it moves beyond invoice-to-pay, offering its clients a wider array of services. As part of the press release, Edenred Pay pledged to “continue to offer its full suite of B2B payment solutions, and it will also be adding new solutions in the future.”

By combining into one entity, Edenred Pay can offer an end-to-end integrated solution, integrating the automated invoice processing solution from IPS into Edenred’s digital platform. This aims to minimize invoice exceptions while also bolstering straight through payment processing.

“We are excited to offer our customers and partners the combined capabilities of Edenred Pay,” said IPS Founder Greg Bartels. “Our integrated platform creates an efficient, integrated solution for managing every aspect of the invoice-to-pay cycle and delivers value to the enterprise by enhancing visibility and monetizing B2B payments.”

Edenred Pay will offer a robust suite of payment solutions such as invoice automation, payment automation, payment issuing and processing, supply chain finance, corporate travel payment, fleet fuel cards, and more.

What does this mean for SAPinsiders?

As the global leader in B2B payments automation, Edenred Pay is able to draw on the experience from over 350 ERP integrations to continue to provide automation solutions for users.

By adding IPS and its industry-leading 99.95% data accuracy rate, Edenred Pay can expand along the value chain and offer users a complete end-to-end invoice to pay offering. This promises to simplify and streamline the management of the entire accounts payable process.

For those who were already customers or partners of CSI Edenred, the company noted that its new name and brand image would not affect their relationship, saying that they can “can expect to continue to receive the same level of exceptional service from Edenred Pay.”