Boost and FIS Partner to Automate B2B Payments
cfos Tighten Grip on Payments as cash Flow Pressures Mount
As businesses navigate increasingly complex financial landscapes, Chief Financial Officers (CFOs) are taking a more hands-on approach to managing payment systems. This heightened focus is driven by mounting cash flow pressures and a desire for greater control and efficiency in financial operations.
Enhancing Payment Systems Without Disruption
In a recent interview with PYMNTS, Mariana Lamson, Chief Financial Officer at Boost Payment Solutions, emphasized that the most effective innovations are those that enhance existing processes rather than disrupt them. “The best innovations don’t necessarily disrupt; they enhance,” Lamson stated. “They build on existing processes and add value.” This beliefs is crucial for CFOs looking to optimize payment workflows without the significant overhead of implementing entirely new systems or undergoing extensive change management. The goal is to leverage technology that seamlessly integrates, offering immediate benefits and improved financial visibility.
FIS and Boost Payment solutions: A Collaborative Approach to AR Automation
The partnership between FIS and Boost Payment Solutions aims to address the complexities CFOs face, notably in the acceptance and management of virtual cards.Chrissy Wagner, Senior Vice President of Go-to-Market at FIS, highlighted how this collaboration is designed to empower Accounts Receivable (AR) teams.
“FIS is uniquely positioned to solve this dynamic for the office of the CFO,” Wagner explained in a press release. “This collaboration with Boost Intercept complements our solution suite, unlocking the automation and revenue acceleration our clients have come to expect and demonstrates our continued commitment to modernize the office of the CFO.”
Wagner further elaborated on FIS’s client-centric approach in the PYMNTS eBook, “The Innovation Mindset: How to Achieve It in 2025.” She noted that FIS actively collaborates with it’s clients during the change process. “We are engaging our clients along our journey, ensuring that they are part of the solution, not just on the receiving end of it,” Wagner wrote. This collaborative spirit ensures that solutions are tailored to meet the specific needs of businesses, fostering trust and driving successful adoption.
By focusing on enhancements that build upon current infrastructure and by fostering strong client partnerships, companies like FIS and Boost Payment Solutions are helping CFOs gain tighter control over their payment systems, ultimately driving efficiency and accelerating revenue in today’s challenging economic climate.