SAN FRANCISCO, CA — January 23, 2018 — Veem, the first global payments platform to use blockchain, today announced a partnership with Cin7, the connected, integrated inventory software that centralizes all channels, 3PLs and warehouses and automates fulfillment. The partnership will allow Cin7 platform users to pay their suppliers in 60 countries online using the Veem payment network.
For wholesalers and resellers, managing inventory can be a challenge. Cin7 has made it possible to manage inventory from anywhere in real-time but it required leaving the app to pay vendors. By partnering with Veem, it is now possible to make payments in a simple process for anyone using the inventory management solution.
When managing inventory from multiple vendors, it can be difficult for business owners to keep track of who has been paid and who hasn’t. When you have to leave the app you’re using to make that payment the opportunity for error increases, by adding payment capabilities to the PO and Inventory system, it cuts down on time and stress when managing multiple vendors.
“When managing inventory from multiple vendors, it can be difficult for business owners to keep track of who has been paid and who hasn’t. When you have to leave the app you’re using to make that payment the opportunity for error increases,” said Olivier Veyrac, VP of Business Development at Veem. “By adding payment capabilities to the PO and Inventory system, it cuts down on time and stress when managing multiple vendors.”
“Many of our vendors have asked for payment capabilities to simplify their processes,” said Jason Glover, Director of Product at Cin7. “Veem, already global payments experts, makes it easy to add a payment button to our app. They are a wonderful team to work with and we’re excited to partner in the future.”
Veem recently opened the API to developers to build on and add business payment capabilities to any application. The API is open to all industries including marketplaces, crowdfunding sites, accounting software, inventory tools, outsourcing solutions and any others that need a simple way to pay and get paid.
To learn more about the partnership, please visit https://www.veem.com/cin7
Veem is a next generation platform for business-to-business payments. Veem enables businesses to send and receive payments in local currency with a few simple steps using our unique multi-rail technology across several global networks. Founded by a world class team of industry veterans with over 100 years of combined experience in payments, payment processing and banking IT infrastructure management, we aim to change the financial payment system through innovation. Our mission is to change the legacy financial payment system through innovation and improve the costly and outdated payments industry by building a new user focused financial ecosystem that services businesses globally.