What PayEX can do for you?
Global PayEX delivers working capital efficiency using its suite of sophisticated, AI-driven cloud-based AR and AP management solutions. The PayEX platform significantly improves all key working capital metrics such as DSOs, DPOs, unapplied receipts, cash conversion cycle (CCC), reconciliation costs and time. Also helps achieve greater customer satisfaction through engagement, efficiency and transparency.
Trusted by several leading Fortune 500 and large companies for optimizing their AR and AP processes. Our technology platforms process millions of invoices and payments with automated reconciliation to ERP systems. PayEX has been founded by the founding team of Mphasis, a leading global IT company acquired by EDS / HP. Headquartered out of the US and India, we are the first fintech investment of JP Morgan in APAC.
Our Story
We help corporates address key working capital KPIs in addition to addressing sales force effectiveness and relations with the corporate’s suppliers/vendors
$2 Billion+
Value of transactions processed
15000+
Dealers distributors actively transacting on the platform
90%+
B2B payments digitized
20%+
DSO (Day Sales Outstanding) reduction
Our Customers
Solution of choice of Fortune 100 companies
our partners
Processing over $1 billion of transactions every month through our banking partners
The smartest working capital optimization solutions
A complete suite of AI/ML driven AR/AP solutions
FreePay
Electronic Invoice Presentment, Payment and Posting – enabling end-to-end reconciliation
AlgoriQ
Automated Reconciliation for institutional customers (AR) and vendors (AP) based on machine learning algorithms
AP Automation
Full-stack automation suite for Accounts Payable from PO to Payout
FinEX
Integrated Dealer Finance from multiple lending partners
Receivables Management for Institutional Customers
Objective
To enable 3M to optimise their accounts receivable process with large institutional customers through seamless integration, automate tracking of outstanding payments, and expedited dispute resolution.
Results
Global PayEX’s solution enabled 3M to simplify and streamline their accounts receivables processes and increase their success rate of weekly debits to 74% within the first four cycles. They were also able to reduce their reconciliation time by 92% and substantially reduce the cost accrued in running the shared service centre as well as time taken for dispute resolution.
"What our customers have to say"
3M India has successfully deployed Global PayEX’s FreePay solution to improve the efficiency in our collection and account receivable management. FreePay digitized our invoice presentment, automated payment processing and took care of our end-to-end customer account reconciliation. Our dealers have appreciated the solution for its completeness, ease of use and transparency in doing business.
Bridgestone India’s digital collections went from 22% before Covid-19 to 80% in March 2021. They unlocked around 5.9 million USD in cashflows over an 8 month period by adopting FreePay. Bridgestone has now reduced its day sales outstanding (DSO) or the average time taken to get paid after invoicing by 6 days. Around 75% of Bridgestone India’s 4500 dealers are extensively using FreePay. Bridgestone has received great feedback from the dealers on the seamless experience of their payment process which is a good win-win for both parties.
The fintech-powered solution has fully digitized our workflows in India, alleviating our treasury team from traditional manual practices to better focus on core strategy planning, to further grow the business.
“A highly adaptable solution that has transformed the way we do business” We have been using FreePay since 2017 and the improvement and efficiency it has brought in our collections and account receivables management has been remarkable. FreePay has helped deliver electronic invoices to our Channel Partners in real time, process payments with all our business terms plugged in and taken care of our end-to-end customer account reconciliation. Our Channel Partners have also been very appreciative of introducing FreePay to them especially for its feature capabilities, ease of use, transparency and customer support, without adding any cost to them.
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