Next-generation payments for TeamSystem will be facilitated by Checkout.com.
TeamSystem, a leading provider of cloud-based ERP and fintech solutions for micro, small, and medium-sized enterprises (SMEs) and professionals, has announced a new partnership with Checkout.com. This strategic alliance aims to improve payment performance for TeamSystem and support its trajectory for sustained international growth.
The partnership with Checkout.com leverages the latter's Intelligent Acceptance technology for optimized transaction routing. This collaboration enables TeamSystem to offer a more advanced, seamless payment experience to its users, leveraging Checkout.com’s global digital payments platform.
Checkout.com's commitment to delivering expertise, technology, and regional insight that help businesses scale with confidence is evident in this partnership. The company is working closely with international card networks, including Visa and Mastercard, to ensure the solution meets the highest standards for acceptance, security, and performance across markets.
For TeamSystem, this partnership is a significant step towards modernising its payment processes. It allows the company to handle payments with ease and reliability while benefiting from innovative fintech solutions that reduce operational friction and improve financial insights.
The partnership is also expected to deepen as TeamSystem continues its expansion into new markets, with plans to expand into Spain and France over the next 18 months. In Italy, TeamSystem serves over 2.5 million clients and processes over 500 million invoices annually, handling $1 trillion in transactions.
Wilco Slabbekoorn, Head of Growth Europe, at Checkout.com, expressed pride in supporting TeamSystem's evolution as a digital-first payments leader in Italy. The collaboration between the two companies aims to enhance the payments capabilities offered to TeamSystem's customers across sectors.
While the detailed quantitative benefits and specific improvements in payment performance for TeamSystem's clients from this partnership are not explicitly listed, typical advantages from Checkout.com's platform include global reach, enhanced payment acceptance methods, real-time transaction capabilities, and robust fraud protection. These features generally translate to faster transactions, reduced payment failures, and better cash flow management for clients.
As TeamSystem continues to grow and innovate, this partnership with Checkout.com is set to play a crucial role in its journey, providing clients with improved payment performance and enabling them to scale their businesses with confidence.
Machine learning technology within Checkout.com's Intelligent Acceptance will contribute to TeamSystem's compliance with regulatory requirements in finance, ensuring secure and efficient payment processes. This strategic alliance in business technology will further empower TeamSystem to offer competitive and adaptable payment solutions to its clients across various sectors.
