19Feb-April 2021FastPay's user-friendly B2B payments platform automates payment methods and provides data for reconciliation and reporting--all in a single integrated system. This allows both media buyers and suppliers to manage payments and gain visibility of their cash flow. In an age where there is an influx of invoices, approving and processing them manually is next to impossible. What FastPay brings to the table is a highly automated and algorithmic system to seamlessly manage tons of complex invoices making the process more smart and scalable. Behind the success of FastPay's proven payment solution is a large team of media industry experts, proprietary data and technology, and vast capital resources.According to Baysal, the most common challenge faced by CIOs in the media industry is the adoption of new technologies on the backend since many are still tied to legacy systems for managing ERP, accounting, and other workflows. However, scrapping legacy systems and replacing them with more modern technologies can be cumbersome and expensive. "At FastPay, we have built solutions that seamlessly integrate with clients' existing accounting systems. Rather than replacing the current systems, customers can now leverage all existing data to digitize the last mile of payments to suppliers," explains Baysal. In addition, agencies and suppliers can continue to work collaboratively using all payment methods available, thus reducing friction in the media ecosystem.Headquartered in Los Angeles, with offices in New York, San Francisco, Boston, and London, FastPay has originated over $6 billion in transaction volume since inception. Having carved a niche for itself in the media and advertising landscape, FastPay continues to deliver innovative payment and capital solutions that surpass client expectations. With the aim of reaching a new zenith, FastPay is committed to staying cutting edge in their core vertical and expanding their footprint globally. With our payment and capital solutions, media companies can gain liquidity, obtain more capital, improve processes, and ensure smooth payment transactions
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