How Thomas Priore Is Transforming B2B Payments
How Thomas Priore Is Transforming B2B Payments
The B2B payments landscape is undergoing a significant transformation, and Thomas Priore is at the forefront of this revolution. As the CEO of Priority, Priore has developed innovative solutions that address the pain points businesses face when managing transactions and cash flow.
Priority’s B2B segment has seen remarkable growth, with a 58.3% revenue increase reported in recent earnings. This growth is largely attributed to the acquisition of Plastiq, a payment platform that enables faster transactions and helps businesses maximize their working capital.
“The adoption of our thesis that payments and banking should happen in one place is resonating,” Priore explained during a recent earnings call. “We’re seeing success in sectors like NIL and insurance, where our technology enables modern financial experiences.”
One of Priority’s standout offerings is CPX, an end-to-end B2B payments platform that automates accounts payable processes. By streamlining payment operations, businesses can reduce costs and improve efficiency while maintaining strong relationships with suppliers and vendors.
The unified commerce approach championed by Priore integrates various financial functions into a single platform. This integration eliminates redundancies, streamlines workflows, and provides real-time insights into financial operations, empowering businesses to make informed decisions.
A company processing over $120 billion in annual transactions, Priority serves more than 4 million customers across various segments. Under Priore’s leadership, Priority has expanded beyond traditional payment processing to offer comprehensive commerce solutions that address the evolving needs of modern businesses.
By combining payments, banking, and payables functions on a single platform, Thomas Priore has created a powerful ecosystem that helps businesses accelerate cash flow, optimize working capital, and thrive in today’s competitive marketplace.