Benzinga | Jan 28, 2021 04:12PM EST

FLEETCOR Acquires Roger, A Cloud Software Platform Provider Of B2B Online Bill Payment; Terms Not Disclosed

Acquisition extends FLEETCOR's accounts payable solutions to small businesses in North America and Europe

FLEETCOR Technologies, Inc. (NYSE:FLT), a leading global business payments company, today announced it has acquired Roger, a global accounts payable (AP) cloud software platform for small businesses. The acquisition will extend FLEETCOR's portfolio of accounts payable automation solutions to small businesses, helping them automate their manual payment processes.

The acquisition provides FLEETCOR with a proven, modern automation platform for B2B online bill payment. The platform helps SMBs gather and scan invoices and receipts, eliminate manual data entry using machine learning technology, approve and execute payments, setup automated workflows, and sync to accounting systems like QuickBooks Online, Sage Intacct, Xero, and others in real time. In addition to small businesses, accounting firms in North America and Europe use, refer, and resell the platform today in connection with their customers.

"This acquisition provides us with a modern, cloud based, bill payment platform that will immediately open up cross-sell opportunities into our global SMB fuel card base," said Ron Clarke, Chairman and CEO of FLEETCOR. "It's a big step in expanding our fuel card business into a corporate payments business, and extending our current middle market corporate payments business into the SMB space."