FinovateSpring 2022 / Global PayEx
Presenter Profile:
How they describe themselves: Global PayEX offers an innovative, AI driven Working Capital optimization product suite via Accounts Receivable and Accounts Payable automation. The PayEX platform offers the latest in technology, payments, secure transaction protocols, and straight-through processing. The PayEX solutions increase productivity, accelerate revenue, lower cost, enhance transparency, and predictability across AR and AP cycles to benefit all stakeholders – corporates, customers, suppliers, banks, and FIs.
How they describe their product/innovation: FreePay- Electronic Invoicing Presentment, Payment, Reconciliation and ERP posting for end-to-end AR automation.
AlgoriQ- Automated Reconciliation for institutional customers (AR) and vendors (AP) based on machine learning algorithms
Product distribution strategy: Direct to Business (B2B), Through financial institutions, Through other fintech companies and platforms
Contacts:
Bus. Dev. & Press: Anu Agrawal (Executive Vice President & Head, North America), 240-308-2036, anu.agrawal@globalpayex.com
Website: https://globalpayex.com
LinkedIn: https://linkedin.com/company/global-payex-private-limited
HQ: Darien, CT, USA
Founded: May 2011
Product Demoed: FreePay, AlgoriQ
Metrics: Headcount- 140
Presenters: Naru Ramamoorthy, Chief Revenue Officer, Global PayEX
- Key Executives
Anu Agrawal (Executive Vice President & Head, North America), Naru Ramamoorthy (Chief Revenue Officer), Efthymios Gkaitatzis (Sales Director)
Key Stats
- Key Board Members
Mohan Krishnan
Key Investors: J.P Morgan, Jaithirth (Jerry) Rao, Jeroen Tas, Jaideep Khanna
- Key Advisory Board Members
Peter Radcliffe, David Cowles
- Key Partners
Standard Chartered, J.P Morgan, Deutsche Bank, BNP Paribas
Key Customers: 3M, Bridgestone, Stanley Black and Decker, Huhtamaki, Hafele, GlaxoSmithKline (GSK), Carlsberg