Corpay and SKsoft Partner to Streamline Global Payments
Corpay has announced a strategic partnership with SKsoft to integrate its cross-border payments technology directly into the Microsoft Dynamics 365 ecosystem. This collaboration aims to make international transactions faster, simpler, and more transparent for global businesses using the popular enterprise resource planning platform.
Expanded Global Payment Capabilities
Through this integration, SKsoft clients can now process payments in more than 145 currencies across 200 countries. The partnership embeds Corpay’s payment automation and treasury tools into SKsoft’s existing bank connectivity engine. Consequently, businesses can handle complex cross-border payments without using multiple separate systems. This integration not only improves operational efficiency but also provides companies with greater visibility and control over their international financial operations.
Enhanced Microsoft Dynamics 365 Functionality
SKsoft’s technology already connects Microsoft Dynamics 365 users to numerous global financial institutions. By incorporating Corpay’s advanced payment automation and foreign exchange risk management tools, Dynamics 365 users now access a comprehensive end-to-end solution. This enhanced capability reduces transaction costs, improves regulatory compliance, and streamlines treasury operations for businesses of all sizes.
Executive Perspectives on Strategic Value
Frank Mannarino, Corpay’s Vice President and Head of Channels and Alliances, emphasized that this partnership strengthens the company’s ERP strategy and demonstrates Corpay’s significant investment in the Microsoft Dynamics ecosystem. He noted that the collaboration delivers substantial value to enterprises looking to expand globally with greater confidence and financial control.
Meanwhile, SKsoft COO Aynsley Keller explained that the integration supports their mission of embedding banking automation within Dynamics 365. By incorporating Corpay’s capabilities directly into the platform, clients can initiate and manage international payments seamlessly from a single environment. This eliminates the complexity and inefficiency of working with multiple global banking systems through separate interfaces.
Business Benefits and Operational Improvements
The partnership offers numerous advantages for businesses conducting international operations. Companies can now automate payment processes, reduce foreign exchange risks, and gain real-time visibility into cross-border transactions. Additionally, the integrated solution helps businesses optimize cash flow management, enhance compliance procedures, and minimize transaction costs through improved exchange rates and reduced banking fees.
Industry Context and Embedded Finance Trend
This collaboration represents a significant advancement in the ongoing evolution of embedded finance solutions. By integrating financial services directly into business software platforms, companies can access powerful tools that simplify international transactions and improve treasury management on a global scale. This trend toward embedded finance continues to transform how businesses manage their financial operations within familiar working environments.
Implementation and Future Development
The integrated solution is available immediately to Microsoft Dynamics 365 users through SKsoft’s platform. Both companies plan to continue developing additional features and capabilities based on user feedback and evolving market needs. Future enhancements may include advanced analytics, predictive treasury management tools, and expanded currency hedging options to further support international business operations.
