Global PayEX, a US-based B2B fintech that enables large and mid-sized enterprises to improve working capital efficiency through Accounts Receivable (“AR”) and Accounts Payable (“AP”) automation. AP”), participated in the Finovate Spring 2022 event. During the event, the company focused on its end-to-end, data-driven and cloud-based AR software solutions. According to the announcement, the company, backed by JP Morgan, has processed more than $50 billion in transactions. Its proprietary artificial intelligence (“AI”) and machine learning (“ML”) offerings have built a reputation for delivering remarkable actionable insights to users including global multinationals 3M, Bridgestone, Huhtamaki, Stanley Black & Decker , GlaxoSmithKline and Hafele. Additionally, many banks and financial institutions power their integrated receivables offering by white labeling Global PayEX’s SaaS software stack. Global PayEX executives Narayan “Naru” Ramamoorthy, Anu Agrawal and Efthymios Gkaitatzis attended the event, showcasing the award-winning AR automation software. “The AR solution provides a comprehensive feature set with real-time, two-way ERP integration, configurable components, and simplifies some very complex workflows,” said Andrew Wind, FIS’s Head of Strategy and Partnerships, in the release. Press. “The PayEX solution should be a winner in this space.”
To view the full press release, visit https://ibn.fm/oLBcz
About Global PayEX
Global PayEX, headquartered in the United States, focuses on optimizing working capital for medium and large businesses. Using a data-driven, cloud-native SaaS platform, Global PayEX enables businesses to achieve hyper-automation of Accounts Receivable and Accounts Payable business processes, which helps in making better decisions. from the CFO via analyzes and financing options. PayEX assists businesses in their financial transformation, enabling businesses to realize a significant return on investment (“ROI”) ranging from five to ten times the investments and a potential for increased revenue of 1% to 4%. The B2B fintech has more than 60 customers and 25,000 SMEs across all industries, including CPG, manufacturing, commerce, pharmaceuticals, food, packaging, electrical, textiles, and hardware. Founded by serial tech entrepreneur Mohan Krishnan, Global PayEX is backed by successful tech entrepreneurs and bankers globally. For more information about the company, visit www.GlobalPayEX.com
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