Finexio Partners with Unimarket to Launch Payment Risk Score Tool

Orlando, FL / ACCESSWIRE / September 11, 2024 / Finexio, a leader in embedded AP Procure-to-Pay payment solutions, has partnered with Unimarket to introduce the Payment Risk Score (PRS). This tool aims to address the increasing threat of payment fraud, offering a data-driven solution for enterprises to assess and manage payment risks.

With payment fraud affecting 80% of organizations, traditional methods are proving insufficient. Finexio's PRS offers a robust approach to evaluate risk levels across various payment methods, including checks and virtual cards. This enables enterprises to strengthen their financial safeguards.

Chris Wyatt, Chief Strategy Officer at Finexio, emphasizes that PRS provides actionable insights for proactive risk management. Darren Blakely, Chief Revenue Officer of Unimarket, underscores the importance of this tool in protecting financial assets and mitigating risks.

Unimarket will leverage PRS for a quantitative assessment of payment risks, helping organizations transition to a more advanced ERM framework. The partnership aims to enhance both security and operational efficiency.

The PRS by Finexio and Unimarket represents a significant advancement in payment risk management, reinforcing financial security and business resilience in a complex digital environment.