CSI Paysystems Achieves ‘Built for NetSuite’ Status

New B2B Payments Platform Meets the Oracle NetSuite SuiteCloud Platform Development Standards and Documented Best Practices

Corporate Spending Innovations (CSI), a leader in electronic B2B payment solutions, announced today that its accounts payable (AP) platform, CSI Paysystems, has achieved the ‘Built for NetSuite’ status. The new SuiteApp, which is fully integrated with Oracle NetSuite’s SuiteCloud Computing Platform, provides full AP automation capabilities across all payment types including virtual card, ACH, CSI’s proprietary network, and foreign exchange.

Built for NetSuite is a program for NetSuite SuiteCloud Developer Network (SDN) partners that provides them with information, resources and a method to help them verify that their applications and integrations, built using the NetSuite SuiteCloud Computing Platform, meet NetSuite’s standards and best practices. The Built for NetSuite program is designed to give Oracle NetSuite customers additional confidence that SuiteApps have been built to meet these standards.

CSI Paysystems provides businesses with an automated AP solution to facilitate the management of vendor payments, increase workflow efficiency, eliminate manual processing, and significantly reduce payments fraud. The platform drives significant cost-time savings associated with payment cycle times allowing companies to improve discount capture and create new revenue by collecting monthly cash rebates earned on virtual card spend volume.

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“We’re eager to expand our reach into new verticals which is what this relationship will allow us to do,” said David Disque, President of CSI. “Our payments platform is tightly integrated with NetSuite, which will make it easy for customers to initiate and manage the entire payment process without any significant changes to their current workflow.”

“As one of the global leaders in financial technology, CSI are experts at solving corporate spending accounts across the globe,” said Guido Haarmans, Vice President, SuiteCloud Developer Network and Partner Programs, Oracle NetSuite. “With this integration, CSI is taking the next step toward providing its customers with a comprehensive cloud-based solution by modernizing its payments system with secure automation capabilities.”

For information about Built for NetSuite SuiteApps, please visit http://www.netsuite.com/BuiltforNetSuite. For more information about the integrated solution, please visit http://www.suiteapp.com.

About SuiteCloud
NetSuite’s SuiteCloud is a comprehensive offering of cloud-based products, development tools and services designed to help customers and commercial software developers take advantage of the significant economic benefits of cloud computing. Based on NetSuite, the industry’s leading provider of cloud-based financials / ERP software suites, SuiteCloud enables customers to run their core business operations in the cloud, and software developers to target new markets quickly with newly-created mission-critical applications built on top of mature and proven business processes.

The SuiteCloud Developer Network (SDN) is a comprehensive developer program for independent software vendors (ISVs) who build apps for SuiteCloud. All available SuiteApps are listed on SuiteApp.com, a single-source online marketplace where NetSuite customers can find applications to meet specific business process or industry-specific needs. For more information on SuiteCloud and the SDN program, please visit http://www.netsuite.com/developers.

About CSI
CSI provides innovative payment solutions to world-leading brands with their highly secure corporate payment solutions that include CSI Paysystems, CSI Travel, CSI Go, CSI Connect, CSI Invoice, and global-fleet fuel cards. CSI customers can automate 100% of B2B payables including virtual credit card, ghost card, proprietary network, ACH, check, or FX with cross-border payments settled in local currency. CSI is a certified Mastercard processor and has obtained Visa Ready for Business Solutions approval.