By integrating with SAP ERP and SAP® Concur® solutions, Mendel platform delivers agility to corporate spending
Press release – Mendel today announced that its Mendel, Corporate Spend System for LATAM platform is now available on SAP Store®, the online marketplace for SAP and partner offerings. The Mendel platform integrates with SAP ERP and SAP®Concur® solutions to offer a 360º platform that combines software and corporate credit cards to grant managers more visibility and control of expenditures in real time.
“Improving the B2B payment experience and optimizing cash flow management through technology is part of Mendel’s DNA,” said Alejandro Zecler, Mendel’s Co-founder and Co-CEO. “Partnering with SAP is a milestone for Mendel to gain credibility as a new player in the SaaS ecosystem and to offer chief financial officers (CFOs) the opportunity to modernize their area.”
Mendel’s mission is to deliver agility to large corporations by automating manual business operations. Its technology mixes an intelligent VISA credit card, powerful software, and a special automatic system for CFOs to improve administrative tasks such as reimbursements, invoice collection, and budget approval. Simply put, the Mendel platform is a one-stop-shop for B2B spending.
SAP Store, found at store.sap.com, delivers a simplified and connected digital customer experience for finding, trying, buying, and renewing more than 2,000 solutions from SAP and its partners. There, customers can find the SAP solutions and SAP-validated solutions they need to grow their business. And for each purchase made through SAP Store, SAP will plant a tree.
Mendel is a partner in the SAP® PartnerEdge® program. The SAP PartnerEdge program provides the enablement tools, benefits, and support to facilitate building high-quality, disruptive applications focused on specific business needs – quickly and cost-effectively.
Mendel has developed a corporate spend management solution for enterprises in Latin America. Part of its strategy is to attract customers with high payment volume and low credit risk, while at the same time charging a SaaS fee for use of its platform. The startup, which is focused on the Mexican market, has onboarded more than 150 clients, such as Mercado Libre, PetCo, and Arcos Dorados (McDonald’s). Mendel plans to use its new capital to invest in product development, including expansion into broader B2B payments, marketing, awareness, and developing new business verticals and partnerships.
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