As small and medium businesses shift more of their operations online, the need for financial products with embedded payment solutions is growing. To make it easier for providers of banking and financial software providers to offer embedded payment solutions to small and medium businesses, Veem Inc. on Thursday announced its Veem Partner Connect program. The program creates multiple options for software providers to embed Veem’s accounts receivable, accounts payable, and invoicing capabilities into their existing applications, thereby enabling small businesses to access that functionality through a single platform.
Veem is offering software providers three options for embedding Veem into their platform. The first option is offering Veem as a hosted standalone feature that provides partners full access to Veem’s workflows and payment functionalities through a single sign-on, which in turn improves their time to market.
The second option is component configuration, which allows partners to select the modules they want from Veem’s platform, such as invoicing or accounts payable, and embed them into their application.
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The third option is access to Veem’s application programming interfaces, which allows partners to create customized solutions for small and medium businesses that incorporate Veem’s accounts-payable and accounts-receivables functionality.
“Partner Connect provides different ways to connect to Veem by making it easier for our partners to embed what we’ve built in to their own solution,” say Veem chief executive Marwan Forzley.
This will help developers retain and attract new customers, Forzley adds. “Partner Connect allows our partners to take the pieces of Veem they like and plug them into their application,” Forzley says. “It’s a step up in the functionality and use of embedded solutions.”