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E-invoicing, SCF & E-procurement

Doosan-Babcock signs with Swipe2B to digitize its supplier payments

Monday 5 August 2019 | 01:55 PM CET

Swipe2B, B2B payment solutions provider, has announced that its BatchPay solution has been chosen by Doosan-Babcock to automate its accounts payable and supplier payments processes.

Swipe2B’s BatchPay solution automates workflow and enables early payments via commercial credit card to all suppliers. Construction and engineering conglomerate Doosan-Babcock’s payments are now processed within seconds, with cleared funds credited into their suppliers’ bank accounts within hours. Being a cloud solution, Doosan-Babcock was able to implement and go live with Swipe2B within 72 hours, from start to finish.

With Swipe2B, Doosan-Babcock is able to better manage its working capital, enjoy extended credit terms and provide its suppliers with liquidity through early payments. Swipe2B has a portfolio of corporate clients across various industries, however, Doosan-Babcock is its first implementation within the engineering and construction sector.

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