FLEETCOR® Acquires Accounts Payable (AP) Automation Software Company
08/03/2022 - 04:05 PM
Rounds Out Corporate Payments Platform Capabilities
ATLANTA --(BUSINESS WIRE)--
FLEETCOR Technologies, Inc. Accrualify, Inc. , an accounts payable (AP) automation software company. The Accrualify acquisition strengthens FLEETCOR ® ’s portfolio of payments solutions and rounds out its corporate payments platform capabilities.
Accrualify’s technology helps companies automate every step of the procure-to-pay (P2P) process, from purchase request to payment. The comprehensive, cloud-based software platform provides middle market companies full end-to-end procurement and invoice process automation as well as payments execution.
“The Accrualify acquisition provides workflow and process automation software that AP departments are looking for, and rounds out our ‘process to execution’ AP payment solution set,” said Ron Clarke , chairman and chief executive officer, FLEETCOR Technologies, Inc. “We expect this capability to increase demand and revenue per client for our corporate payments product line.”
Alston & Bird provided legal counsel to FLEETCOR .
About FLEETCOR ®
FLEETCOR Technologies (NYSE: FLT) is a leading global business payments company that helps businesses spend less by providing innovative solutions that enable and control expense-related purchasing and payment processes. The FLEETCOR portfolio of brands automate, secure, digitize and manage payment transactions on behalf of businesses across more than 100 countries in North America , Latin America , Europe , and Asia Pacific . For more information, please visit www.FLEETCOR.com .
About Accrualify
Accrualify offers mid- and enterprise-level companies cloud-based automation solutions to better manage their Procure-to-Pay and accounts payable processes. Accrualify’s products enable more efficient and automated management of purchase orders, accruals, invoices, payments, vendor management, and budgeting. To learn more about Accrualify’s P2P and AP automation tools, visit www.accrualify.com .
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Investor Relations
Jim Eglseder , 770-417-4697
Jim.Eglseder@fleetcor.com
Media Relations
Chad Corley , 770-729-5021
Chad.corley@fleetcor.com
Source: FLEETCOR Technologies, Inc.
Fleetcor Technologies Inc
FLT Rankings
#942 Ranked by Stock Gains
FLT Stock Data
Industry
Financial Transactions Processing, Reserve, and Clearinghouse Activities
Sector
Finance and Insurance
Tags
Commercial Services, Miscellaneous Commercial Services, Information, Data Processing, Hosting, and Related Services
Country
US
City
Atlanta
About FLT
fleetcor is a leading global provider of fuel cards and specialized payment products to businesses. fleetcor's payment programs enable businesses to better control employee spending and provide card-accepting merchants with a high volume customer base that can increase their sales and customer loyalty. fleetcor serves over 500,000 commercial accounts with millions of cardholders across the united states, canada, mexico, europe, africa and asia. for more information, please visit www.fleetcor.com. we have developed an extremely successful company based on our core principles; determination, drive, outstanding value, industry leading products, and quality people. as a result fleetcor has grown more than 40% over the last 10 years and is the world's largest provider of commercial fleet card programs. through our organic growth initiatives, strategic acquisitions, and solid business acumen, that growth will continue. to maintain our top position in the industry, it is vital to continual
