Don’t let industry consolidation disrupt your business. Fides ensures secure, reliable, independent and flexible bank connectivity — even if you change TMS or ERP providers.
You may have read that treasury management software provider Kyriba may be up for sale, and payment provider TIS just announced the acquisition of Cashforce. It’s no secret that industry consolidation is a growing trend within the fintech world. In the past few years, Treasury Xpress was acquired by Bottomline Technologies. ION acquired Reval. Bellin was acquired by business spend management platform provider Coupa. FIS acquired payments provider WorldPay. And that’s just the tip of the iceberg.
Volatility leads to uncertainty. There’s no way for customers to know what will happen if their TMS provider is acquired. In some cases, business continues as usual — at least for a certain period of time. In other cases, service levels may drop, product updates may be delayed and certain offerings may merged with others or even be sunsetted. Even positive changes may come with a higher price tag.
So what do you do if your TMS provider is acquired, and may no longer provide the service you need? Or you don’t know if the product strategy will continue to fit your business requirements? Working with an independent connectivity provider that provides the pipe and rails behind a TMS or ERP gives you much more flexibility to make those decisions without risking operational disruption.