Thomas Priore’s CPX Platform Transforms B2B Payments with 100% Accounts Payable Automation
Traditional accounts payable processes have long plagued businesses with inefficiency, manual errors, and missed opportunities for cost savings. Thomas Priore, CEO of Priority, has addressed these challenges through CPX, an end-to-end B2B payments platform that automates 100% of accounts payable while generating revenue through rebates and early payment discounts.
The CPX platform exemplifies Thomas Priore’s vision of cash acceleration, transforming expense centers into profit generators through intelligent automation and strategic payment optimization. Priority Technology Holdings has positioned CPX as a cornerstone of its B2B segment growth, which reported strong performance with increased revenue and margin expansion.
Eliminating the True Cost of Traditional Payments
Business-to-business payment processing through traditional methods carries hidden costs that extend far beyond paper and postage. Thomas Priore recognizes that manual check processing can cost over $30 per transaction when accounting for invoice entry, approval workflows, check printing, signing, mailing, and tracking requirements.
“Traditional costs of cutting a check are well known,” Thomas Priore explains regarding the comprehensive expense analysis that drove CPX development. “There are also missed opportunity costs, such as losing out on early payment discounts, rebates, and incentives.”
The CPX platform transforms this cost structure by using a single payment instruction file to process payments to every supplier in a company’s system. Thomas Priore’s approach eliminates manual processes while creating opportunities for businesses to earn returns on their payment activities rather than treating them as pure expenses.
Dynamic Technology Enables Seamless Integration
Priority Technology Holdings designed CPX with integration flexibility that accommodates diverse business environments. The platform’s dynamic mapping tool processes supplier spend files regardless of format, completing mapping processes in approximately five minutes before parsing payments to appropriate recipients.
Thomas Priore emphasizes the importance of this technological approach: “We’ve built with intention to do that, to provide stability and scale. And it’s the thing I’m most proud of, which allows us to punch above our weight.”
The platform integrates with existing accounts payable systems rather than requiring complete infrastructure replacement. This approach reduces implementation barriers while enabling businesses to maintain familiar workflows during the transition to automated processing.
CPX supports multiple payment methods including virtual credit cards, ACH electronic transfers, wire transfers, and traditional paper checks when necessary. Thomas Priore designed this flexibility to accommodate supplier preferences while optimizing payment methods for maximum returns and efficiency.
Supplier Activation and Change Management
Priority Technology Holdings provides comprehensive supplier activation support to facilitate the transition from check-based payments to automated solutions. Thomas Priore’s team works directly with suppliers to enable their participation in card solutions, automated clearing house payments, and dynamic discounting programs.
This support proves essential for successful implementation, as Gartner research indicates that while 64% of chief financial officers believe corporate finance automation can become reality within six years, half cite “difficulty shifting their mindset to achieve it” as a primary barrier.
Thomas Priore’s approach addresses this challenge through dedicated supplier activation teams that provide the support necessary to drive adoption across payment networks. Every payment type is optimized to generate savings, early payment discounts, rebates, and cash-back incentives that flow directly to the business bottom line.
Artificial Intelligence Enhances Decision Making
The CPX platform incorporates artificial intelligence capabilities that analyze financial data to extract actionable insights and predict trends. Thomas Priore views AI integration as a predictive tool that accelerates and improves decision-making processes.
“The thing I’m most excited about as it relates to AI is its predictive insights, and that can help drive efficiency in a business,” Thomas Priore explains. The technology enables businesses to forecast payment behaviors, optimize cash flow management, and strengthen supplier relationships through data-driven strategies.
Priority Technology Holdings’ AI integration extends beyond basic automation to provide predictive models that help organizations optimize working capital and vendor management. Thomas Priore sees these capabilities as particularly powerful for supply chain optimization and risk management applications.
Industry Recognition and Market Impact
CPX has earned recognition as a Top 10 Accounts Payable Solution Provider by CFO Tech Outlook, validating Thomas Priore’s approach to B2B payment transformation. The platform’s success contributes significantly to Priority Technology Holdings’ B2B segment performance, with the company reporting strong revenue growth and margin expansion.
Thomas Priore positions CPX within Priority Technology Holdings’ broader unified commerce strategy, where payments, banking, and business operations converge on a single platform. This integration enables businesses to accelerate cash flow while optimizing working capital across their entire financial ecosystem.
The platform represents Priority Technology Holdings’ evolution from traditional payment processing to comprehensive financial solutions. Thomas Priore’s vision of cash acceleration through intelligent automation demonstrates how fintech innovation can transform cost centers into profit generators while improving operational efficiency across enterprise operations.