US Fintech Global PayEX Showcases Accounts Receivable Solutions at Finovate Spring

  • Fintech, backed by JP Morgan, has processed more than $50 billion in transactions with its end-to-end, cloud-native, data-driven AR solutions
  • Global PayEX’s AI and ML solutions digitize +90% of B2B payments; improve the number of days of sales remaining (DSO) by more than 20%; deliver incredible actionable insights for large and medium-sized businesses.

DARIEN, Conn., May 23, 2022 (GLOBE NEWSWIRE) — via InvestorWire — U.S.-based B2B fintech Global PayEX, which enables large and midsize companies to improve working capital efficiency via Accounts Receivable (AR) and Accounts Payment Automation (AP) showcased its data-driven, cloud-based, end-to-end AR software solution at Finovate Spring 2022. More than 1,100 senior executives from financial institutions, banks and venture capitalists from around the world attended the Global Fintech Conference from May 18-20 in San Francisco.

PayEX Global Leadership, including Chief Revenue Officer, Narayan ‘Naru’ RamamoorthyExecutive Vice President and Head – North America, Anu Agrawaland Sales Manager, Ethymios Gkaitatzisshowcased the company’s award-winning AR automation software.

André WindHead of Strategy and Partnerships at FIS, said: “The AR solution provides a comprehensive set of features with real-time two-way ERP integration, configurable components, and simplifies some very complex workflows. The PayEX solution should 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 clients. Fintech enabled a 20% reduction in Days Remaining Sales (DSO), while delivering incredible actionable insights to CFOs. Several Fortune 1000 companies have adopted Global PayEX’s FreePay, a cloud-based electronic bill presentment and payment (EIPP) system and AlgoriQ, an ML-based automated reconciliation/deduction management platform for institutional and their suppliers. The fintech also offers FinEX, an “integrated buyer finance platform” from multiple lending partners as well as AP automation and finance solutions.

Global multinationals such as 3M, Bridgestone, Huhtamaki, Stanley Black & Decker, GlaxoSmithKline and Hafele are among Global PayEX’s more than 60 customers. Many banks and financial institutions power their integrated receivables offering by white labeling Global PayEX’s SaaS software stack.

On 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 helps companies transform their finances – enabling companies to realize a significant return on investment (ROI) ranging from 5 to 10 times the investments and a potential for increased revenue of 1% to 4%.

Fintech B2B has more than 60 customers and more than 25,000 SMEs in all sectors, including CPG, manufacturing, commerce, pharmaceuticals, food, packaging, electrical, textiles and hardware.

Many global banks and financial institutions use Global PayEX software to power their integrated receivables offering for corporate banking customers.

Founded by serial tech entrepreneur Mohan Krishnan, Global PayEX is backed by successful global tech entrepreneurs and bankers.

Global PayEX is headquartered in Darien, Connecticut.

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Commercial contact details
Anu Agrawal | EVP & Head – North America

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InvestorWire (IW)
Los Angeles, California
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