Corpay

Corpay, which renamed itself from Fleetcor Technologies in March 2024, is an Atlanta-based payments company that sells a set of business payment products. The main finance-team offering is AP automation. It digitizes invoices, routes approvals and handles purchase orders, then pays suppliers by virtual card, ACH, check or cross-border transfer. Corpay Complete bundles AP, payments and spend management. Separately, Corpay Cross-Border covers payments to more than 200 countries in 140+ currencies, multi-currency accounts and currency risk hedging. The company also issues the Corpay Mastercard commercial card, virtual and ghost cards and prepaid cards. It sells fuel, fleet and lodging products as well. The platform is built to sit alongside an ERP, not replace it. Corpay says it has 100+ ERP integrations, including NetSuite, Sage Intacct, Microsoft Dynamics 365 Business Central and Acumatica. Reviewers of the smaller Corpay One product mention syncing with QuickBooks Online and Xero. Corpay does not publish prices for its core products. The model is largely rebate-funded through card spend, and Corpay says it returns over $800 million in rebates a year, so buyers need a quote. The product suits mid-market and enterprise companies with large supplier payment volumes or international payables. Its main limitation is that it is not accounting software, with no general ledger or financial statements. Corpay itself also admits its self-serve onboarding for small businesses is weaker than rivals such as BILL.