LONDON / LOS ANGELES, April 14, 2015 -- Chrome River, a leading provider of expense reporting and supplier invoice processing software and Western Union Business Solutions, a leading provider of global financial services, today announced a new UK-based partnership that will integrate online expense reporting and invoice processing coupled with cross-border payment processing. The partnership will provide British companies with a seamless, all currency, invoice and expense reporting solution.
The partnership between Chrome River and WUBS provides a unified, end-to-end process that gives companies one point of entry for all invoices and expenses no matter what the currency. For companies dealing with suppliers or partners internationally, foreign currency amounts can be locked in at the point of entry, providing certainty and visibility on all future costs in Sterling and providing an efficient settlement and reconciliation process.
The new offering will streamline all global payments processes to be compliant, yet flexible. All internal controls are accessed via an automated workflow and compliance Business Rules Engine. The rules engine integrates with the existing financial system and allows flexibility to adapt to changing business requirements and the ever increasing regulatory environment. The Chrome River/WUBS solution is available to work with a variety of ERP systems.
Tony Crivelli, Managing Director of Western Union Business Solutions said:
“We are excited to be bringing our partnership with Chrome River to the UK. Their invoice management automation and expense reporting systems are best in class and we are pleased to be able to give our clients the opportunity to benefit from a truly streamlined and efficient payment platform.”
Commenting on the partnership Alan Rich, co-founder and chief executive officer of Chrome River said:
“Expanding our relationship with Western Union Business Solutions to UK-based companies is part of our strategy to ensure that our joint customers can solve international payment requirements smoothly and efficiently through our expense reporting and invoice processing solutions.”
The new UK agreement follows on from the partnership in North America that launched in June 2014, and will provide growth opportunities for both companies in the UK and internationally.
About Chrome River
Chrome River Technologies, Inc. provides expense reporting and supplier invoice automation solutions that uniquely combine the latest available internet technologies with a team of industry-leading implementation and support experts. Chrome River delivers immediate payback via a “Software as a Service” delivery model that requires no hardware, no software, and no long-term commitment. This unique service is easily configurable to meet the needs of organizations worldwide with complex expense management policies and collaborative approval processes. Locate additional information about our solutions and request a Chrome River demonstration today by visiting the company website at www.chromeriver.com or by calling +1.888.781.0088.
About Western Union Business Solutions
Western Union Business Solutions enables companies of all sizes to send and receive international payments and manage global cash flow, creating unique solutions tailored to suit their individual needs. It is a business unit of the Western Union Company (NYSE: WU), a leading non-bank provider of cross border payments, which operates its Business Solutions services through locally licensed affiliates in over 30 countries. Clients are supported by a network of trading offices, strategic banking relationships and a global clearing network and can send cross-border foreign exchange payments in more than 135 currencies.
About Western Union
The Western Union Company (NYSE: WU) is a leader in global payment services. Together with its Vigo, Orlandi Valuta, Pago Facil and Western Union Business Solutions branded payment services, Western Union provides consumers and businesses with fast, reliable and convenient ways to send and receive money around the world, to send payments and to purchase money orders. As of December 31, 2014, the Western Union, Vigo and Orlandi Valuta branded services were offered through a combined network of over 500,000 agent locations in 200 countries and territories and over 100,000 ATMs and kiosks. In 2014, The Western Union Company completed 255 million consumer-to-consumer transactions worldwide, moving $85 billion of principal between consumers, and 484 million business payments. For more information, visit www.westernunion.com.