Transaction provides streamlined payment workflow and enhanced customer engagement capabilities
Ontario Systems, a leading provider of enterprise software that automates complex workflows and accelerates revenue recovery for clients in the healthcare, government, and accounts receivable management (ARM) markets, announced the acquisition of SwervePay, an innovative payment facilitator in the ARM and healthcare industries. The acquisition of SwervePay offers Ontario Systems customers a simplified consumer payment engagement platform that helps drive revenue, reduce operational costs, and improve compliance.
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“Together, Ontario Systems and SwervePay will remove an unnecessary point of complexity in the receivables process by unifying the workflow, consumer communications, and revenue capturing tools into one streamlined platform.”
Electronic payment processing is becoming an increasingly critical function for Ontario Systems customers. SwervePay consolidates the complicated multivendor environment, simplifies the underwriting and onboarding process, and shortens the funding cycle. With the new platform, Ontario Systems can unify payment processing for the nearly $35 billion in payments managed by the company’s software each year.
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“The market is ripe for innovation, and we have an ongoing focus on evolving into a SaaS platform to help our 1,200 clients accelerate revenue and decrease operating costs through frictionless payments, efficient processes, and increased business intelligence,” said Tim O’Brien, Ontario Systems CEO. “The acquisition of SwervePay is our first step toward aggressively transforming legacy on-premise software solutions into an end-to-end SaaS solution to automate revenue recovery processes and drive consumer payments. Looking ahead, we’re positioned to develop new products with greater speed, gain network insights, and further connect to the evolving ecosystem around us.”
SwervePay’s consumer-friendly electronic payment solution makes payments easy and requires no app download or portal sign-in. Key capabilities include text-to-pay, same-day settlement options for ACH and credit cards, and account balance automated messages.
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