Noventis to Partner with HighRadius on STP for Virtual Card Payments

HighRadius has announced a partnership with Noventis, who will utilise HighRadius’ integrated receivables platform to bring straight-through processing (STP) for virtual card payments to Noventis’ supplier network. This marks the commercial availability of HighRadius’ STP virtual card capabilities.

The companies say that the relationship will eliminate barriers to payment and transaction automation frequently experienced by suppliers. The solution, powered by the radiusOne network provided by HighRadius, will automate both the processing of virtual card payments and the associated reconciliation to open invoices – all in an enterprise-grade PCI-compliant environment.