Managed Services, Managed Security Services

FlexPoint Launches Payment Platform for MSSPs, MSPs

MSSPs and MSPs can use the FlexPoint payment automation platform to increase visibility into their cash flow and save time on manual processes, according to the company.

Meanwhile, MSSPs and MSPs can provide their business clients with an exceptional client experience, and also access capital that they can use to grow their businesses, FlexPoint said.

How FlexPoint's Payment Automation Platform Works

FlexPoint's platform lets users automate their billing operations, the company stated. The platform offers several capabilities:

  • Cash flow automation allows users to set up custom rules to automatically get paid on invoices.
  • Automatic notifications enable users to remind customers about outstanding invoices.
  • Branded client portal users can provide to customers so they can view their invoices in real time and securely submit payments.
  • Secure checkout ensures users can offer multiple payment options to customers.

In addition, FlexPoint's platform works in conjunction with Quickbooks, Xero and other accounting software.

FlexPoint Partners with GreatAmerica Financial Services, Adds $2.4 Million in Funding

Along with launching its payment automation platform, FlexPoint has announced a strategic program with GreatAmerica Financial Services. With the partnership, FlexPoint will offer long-term financing through its platform, the companies said.

FlexPoint also secured a $2.4 million investment led by Garuda Ventures, with participation from executives and founders from ConnectWise, NinjaOne and other cybersecurity and technology companies and venture capital firms. The funding could help FlexPoint further enhance its platform.

A Closer Look at FlexPoint

FlexPoint launched in 2022, and today powers the payments for hundreds of MSPs and their business customers, the company said.

FlexPoint employs a tiered structure to secure its customers' data, the business stated. It uses encryption, authentication and PCI compliance technologies.

FlexPoint offers its software to MSPs, and they can use it automate their billing operations. The company also provides a program that allows MSPs to sell its product to their customers.

Dan Kobialka

Dan Kobialka is senior contributing editor, MSSP Alert and ChannelE2E. He covers IT security, IT service provider business strategies and partner programs. Dan holds a M.A. in Print and Multimedia Journalism from Emerson College and a B.A. in English from Bridgewater State University. In his free time, Dan enjoys jogging, traveling, playing sports, touring breweries and watching football.