Repay Holdings Corporation (NASDAQ: RPAY) announced on August 26 a technology partnership with NxtEdge to integrate its Payables Platform into NxtEdge’s inventory and cost management software.
The embedded solution will automate vendor payments for NxtEdge’s clients in the hospitality and restaurant sectors, including country clubs, independent restaurants, hotels, resorts, and multi-unit restaurant groups. Users will be able to execute payments through virtual card, ACH, and other digital payment networks directly within NxtEdge’s platform.
The integration consolidates invoice capture, processing, approvals, and payment execution into a single workflow alongside purchasing, inventory management, and cost tracking. Repay’s Payables Platform will operate as a native component of NxtEdge’s software, eliminating the need for separate payment processing systems.
Darin Horrocks, Executive Vice President of Business Payments at Repay, stated that the partnership aims to streamline the invoice-to-payment process for NxtEdge’s customers. Naomi Canning, President of NxtEdge, said the integration connects invoice processing, approvals, and vendor payments with the same platform used for purchasing, inventory, and cost management.
Repay, headquartered in Atlanta, provides payment automation solutions for businesses, while NxtEdge specializes in inventory and cost management software for the hospitality and restaurant industries.
