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ECI Software Solutions, a global provider of cloud-based business management software, has announced the creation of a new Payments Division and the appointment of Andres Ricaurte as its President. This strategic move advances ECI's fintech strategy, focusing on helping small and mid-sized businesses optimize cash flow, improve profitability, and drive growth through integrated payment solutions. The division will leverage ECI's existing platform that processes over $7 billion in annual payments.
ECI Software Solutions launches new Payments Division
Appoints Andres Ricaurte as Payments Division President
Focus on expanding integrated payment capabilities for SMBs
Platform currently processes over $7 billion in annual payments
Aims to transform payments from back-office function to growth engine
Supports cash flow optimization and financial automation
The creation of the Payments Division represents one of ECI's top strategic priorities and signifies a significant increased investment in fintech capabilities. The division will advance ECI's suite of embedded fintech solutions spanning payments, working capital, and financial operations automation. By integrating payment capabilities directly into ECI's ERP platforms, the company aims to help customers get paid faster, manage cash flow more efficiently, and strengthen their overall financial performance.
ECI's leadership emphasized the strategic importance of this new division. "Payments is one of ECI's top strategic priorities and represents a significant growth opportunity for our customers and for us as a business," said Sarah Hagan, President and COO at ECI Software Solutions. "We've significantly increased our investment in this area to help our customers get paid faster, manage cash flow more efficiently, and strengthen their financial performance. Andres brings deep fintech and enterprise software experience and a track record of building customer-centric payment programs."
Ricaurte brings over 20 years of experience at the intersection of fintech and enterprise software, with background at American Express, Buildertrend, and Mphasis. He expressed his vision for the new role: "I'm thrilled to join ECI at such a pivotal time. Small and mid-sized businesses are the backbone of the economy, and payments sit at the center of how they operate. By embedding fintech directly into ECI's platforms, we can turn payments from a back-office function into a growth engine, helping customers streamline cash flow, strengthen margins, and run their business with greater agility through automation and actionable insights."
The Payments Division launch comes as integrated payments adoption accelerates across ECI's customer base of 25,000 businesses in over 90 countries. With the company's platforms already processing substantial payment volumes, the new division is poised for significant growth under Ricaurte's leadership. This move strengthens ECI's position in the competitive business software market by enhancing its embedded financial services capabilities for small and mid-sized businesses across multiple industries.
ECI Software Solutions provides cloud-based business software for running small and mid-sized businesses end-to-end. Built by experts in manufacturing, residential construction, building supply, office technology, field service, and wholesale/retail distribution industries, ECI's industry-specific software connects businesses and customers, improving visibility, operational efficiency and profitability. With ECI, businesses seamlessly integrate sales and marketing, business intelligence, CRM, data and analytics, ecommerce, mobile apps and payment processing. With more than 30 years of industry leadership, ECI is trusted by 25,000 customers in more than 90 countries globally. Headquartered in Westlake, Texas, it has offices in the U.S., Canada, Mexico, United Kingdom, Netherlands, Belgium, Norway and Australia.
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