Global PayEX, a U.S.-headquartered B2B fintech that powers large corporations and mid-sized companies to bring working capital efficiencies via accounts receivable (“AR”) and accounts payable (“AP”) automation, participated in the Finovate Spring 2022 event. At the event, the company focused on its end-to-end, native-cloud, data-driven AR software solutions. According to the announcement, the company, which is backed by J.P. 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 for users, which include global multinationals 3M, Bridgestone, Huhtamaki, Stanley Black & Decker, GlaxoSmithKline and Hafele. In addition, numerous 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 set of capabilities with two-way, real-time ERP integration, configurable components and simplifies some really complex workflows,” said FIS head of strategy and partnerships Andrew Wind in the press release. “The PayEX solution is set to be a winner in this space.”
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About Global PayEX
Global PayEX, headquartered in the United States, is focused on working capital optimization for mid- and large-size corporations. Using a cloud-native, data-driven SaaS platform, Global PayEX enables corporations to achieve hyperautomation in accounts receivables and account payables business processes, which help make better CFO decisions via analytics and financing options. PayEX is helping corporations with finance transformation, enabling companies to realize significant return on investment (“ROI”) ranging from five to ten times of investments and a potential to enhance revenues from 1% to 4%. The B2B fintech has more than 60 clients and 25,000 SMEs across industries including CPG, manufacturing, trading, pharmaceutical, food, packaging, electrical, textiles and hardware. Founded by serial technology entrepreneur Mohan Krishnan, Global PayEX is backed by globally successful technology entrepreneurs and bankers. For more information about the company, visit www.GlobalPayEX.com
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