Press Release: 17th November 2016
Invapay & Hanson Australia win Best Card Solution
Invapay, a market leading payment technology company, is delighted to announce that its software platform has enabled valued client Hanson Australia to scoop the coveted Best Card Solution at the Adam Smith Awards.
Hanson is one of Australia’s leading suppliers of heavy building materials to the construction industry and a global leader in aggregates. Partnering with Invapay, they have successfully implemented an innovative commercial payment system which has now been awarded the Best Card Solution at the Adam Smith Awards - the ultimate benchmark for achievement in corporate treasury.
Jim Fotoulis, Commercial Manager Corporate at Hanson Australia, explains: “The B2B commercial card solution using the Invapay platform was the first of its kind in Australia. It enables us to obtain the extended payment terms of traditional card payments, while effecting automated, secure and efficient payments to non-card accepting suppliers, in any location across the world and in any currency.”
Sid Vasili, CEO of Invapay, commented: “We are thrilled that Hanson and Invapay’s technology has been recognised with such an accolade. We were excited to work with Hanson to utilise our tried and trusted technology, which removes the need for suppliers to have a merchant facility. This allows all suppliers, regardless of size, to utilise our system and receive much faster payment than ever before, greatly improving their cash flow and reducing the need to chase outstanding payments. We installed the system in less than 2 months, quickly increasing Hanson’s operational efficiency and improving their supplier relationships and are overjoyed to have been rewarded with this highly sought after prize.”
Through Invapay, Hanson have been able to digitally transform their accounts payable covering their end-to-end supply chain with a fully automated solution that ensures a smooth payment process for its suppliers.
For more information, please contact Con Archis, MD, Invapay Australia & New Zealand
- ENDS –
Invapay is a UK based payment technology company. They offer an efficient, flexible way to manage payments and working capital and are connected to over 800 banks. Invapay operates across three continents, processes all major currencies and provides a flexible payments alternative that ensures long-term buyer and supplier benefits.
The cloud-based solution can be operational in 24 hours and provides more access to credit lines at the flick of a switch. The enhanced transaction data enables efficient processing and reconciliation of payments. This enables CFOs to be confident of financial control and compliance.
Hanson is part of the Heidelberg Cement Group which has significant market positions in Australia, in ready-mixed concrete and aggregates, with a dense network of production sites. The company further strengthened these positions with the acquisition of Rocla Quarry Products at the start of 2016. The company also owns a 50% stake in Cement Australia, the largest cement company in Australia.