J.P. Morgan-backed Fintech has processed over $50 billion in transactions through its cloud-native, data-driven, end-to-end AR solutions
U.S.-headquartered B2B Fintech, Global PayEX, which powers large corporations and mid-sized companies to bring working capital efficiencies via Accounts Receivable (AR) and Accounts Payable (AP) automation, showcased its end-to-end native-cloud, data-driven AR software solution at Finovate Spring 2022. Over 1,100 senior executives from financial institutions, banks and venture capitalists around the world participated in the global Fintech conference from May 18 to 20 in San Francisco.
Global PayEX leadership, comprising of Chief Revenue Officer, Narayan ‘Naru’ Ramamoorthy, Executive Vice President and Head – North America, Anu Agrawal, and Sales Director, Efthymios Gkaitatzis, showcased the Company’s award-winning AR automation software.
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Andrew Wind, Head of Strategy and Partnerships at FIS, stated, “The AR solution provides a comprehensive set of capabilities with two-way real time ERP integration, configurable components and simplifies some really complex workflows. The PayEX solution is set to be a winner in this space.”
Global PayEX has processed over $50 billion in transactions since 2015, while digitizing 90% of B2B payments for its customers. The fintech has delivered a 20% reduction in Days Sales Outstanding (DSO), while delivering amazing actionable insights to CFOs. Several Fortune 1000 companies have adopted Global PayEX’s FreePay, a cloud-based Electronic Invoice Presentment and Payment (EIPP) and AlgoriQ, an ML-based automated reconciliation/deduction management platform for institutional customers and their vendors. The fintech also offers FinEX, an integrated, “embedded buyer finance platform” from multiple lending partners as well as AP automation and financing solutions.
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Global multinationals including 3M, Bridgestone, Huhtamaki, Stanley Black & Decker, GlaxoSmithKline and Hafele are among Global PayEX’s 60+ customers. Many banks and financial institutions power their Integrated Receivables offering by white labeling Global PayEX’s SaaS software stack.
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