Elavon and Microsoft Launch Embedded Payments App for Microsoft 365
Event summary
- Elavon, a U.S. Bancorp subsidiary, has launched Elavon Live Payments, an embedded payments app for Microsoft 365, available through the Microsoft Marketplace.
- The app integrates with Outlook and Teams, allowing businesses to send invoices and collect payments directly within these platforms.
- Elavon Live Payments is powered by the Elavon Payments Gateway (EPG), launched in 2024, and leverages Microsoft Azure for secure payment processing.
- The solution aims to reduce Days Sales Outstanding (DSO) for professional service providers, who typically wait 5-15 days longer than other industries to convert credit sales into cash.
The big picture
This collaboration marks a significant expansion of Elavon's embedded payments capabilities, leveraging Microsoft's ubiquitous productivity suite to address inefficiencies in business payment processes. The integration of payment workflows directly into Microsoft 365 applications like Outlook and Teams could set a new standard for embedded finance solutions, particularly for professional service providers who often face longer DSO periods. The strategic partnership underscores the growing trend of fintech and tech giants collaborating to enhance digital payment ecosystems.
What we're watching
- Adoption Pace
- The pace at which businesses, particularly professional service providers, will adopt Elavon Live Payments to streamline their payment workflows.
- Competitive Response
- How competitors in the embedded payments space will react to this collaboration between Elavon and Microsoft.
- DSO Impact
- The extent to which Elavon Live Payments can reduce Days Sales Outstanding for businesses, thereby improving their cash flow and operational efficiency.
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