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.
We help corporates address key working capital KPIs in addition to addressing sales force effectiveness and relations with the corporate’s suppliers/vendors
Value of transactions processed
Dealers distributors actively transacting on the platform
B2B payments digitized
DSO (Day Sales Outstanding) reduction
A complete suite of AI/ML driven AR/AP solutions
Delivers actionable invoice real-time on mobile or desktop. Handles credit periods, early payment discounts and all notifications
Supports secure, robust and confirmation based closed-loop payment mechanisms enabling in-country and cross-border payments
150+ AR customizable configurations handling payment, credit, deduction, workflows, etc. with rules integrated to ERP
Live MIS, up to invoice level, to all stakeholders (finance, sales & distribution, and customers). Analytics-driven dunning and Cash forecasting
End-to-end automation for intelligent AR Cash Application with continuous machine learning
Accept invoices across both structured and unstructured formats - PDF, Excel, images, JSONs, XML, etc.
Auto-read invoices leveraging PayEX’s proprietary ML driven document extractor and context analyser
Validate/enhance invoices, apply rules such as PO validation, vendor coding, tax data
Aggregate incoming vendor invoices – submitted via EDI, SFTP, Portal uploads, emails, physical invoice scans, etc.
Enables presentation of PO to vendor and also supports any PO change request
Helps to avoid manual invoice data entry in Corporate’s ERP through AI/ML-based automation. Automated payout support. FinEX financing options
AI/ML-based 3-way reconciliation module for PO/GRN/Invoice matching that also supports corrective actions and workflows for mismatches
Single channel financing platform having tie-up with multiple lending partners (Banks + NBFCs)
Multiple loan disbursal options - Corporate initiated as well as Dealer initiated payments
Fully integrated with PayEX’s other solutions like FreePay to provide an end-to-end invoice presentment, payment and reconciliation experience
Option for dealers to track and repay loans that includes sending auto reminders to dealers
Objective
To reduce DSO, increase the productivity of the Sales team as well as reduce their overall cost involved in collections and reconciliation
Results
90% of SBD collections have become electronic through FreePay. This has reduced the DSO by 11 days. FreePay encouraged customers to move to electronic payments. With a tightly controlled CD slab calculation and tracking mechanism, FreePay reduced leakages in CDs. FreePay also reduced disputes with dealers because of the transparency of credit notes. Earlier reconciliation used to take an average of two days, FreePay has reduced this to same-day reconciliation.
Objective
To automate the manual collection & reconciliation process for Bridgestone’s 5000 dealers spread across India to free up the Bridgestone teams to focus more on sales and maintain excellent dealer relationships
Results
Bridgestone was able to unlock 7 Million Euros in 9 months, accelerate their reconciliation by 2 times, improve their DSO’s by 6 days with 99% accuracy in the utilisation of its available working capital
As a result of automating the collection and reconciliation process, PayEX has helped Bridgestone to channelize their sales team to purely focus on sales
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 the time taken for dispute resolution.
US Address:
38 Tower Drive, Darien, CT 06820
India Address:
4th Floor, B Wing, Vasudev Chambers, Old Nagardas Road, Andheri East, Mumbai 400069
J.P. Morgan’s Corporate & Investment Bank is a global leader across banking, markets and investor services. The world’s most important corporations, governments and institutions entrust us with their business in more than 100 countries. With $24 trillion of assets under custody and $444 billion in deposits, the Corporate & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.
Jaideep Khanna is the founder of Ananta Family Office managing investments across listed and private markets with a focus on technology, sustainability, and real estate. Prior to Ananta, Jaideep was a partner and co-founder of Artha Capital Management, an emerging market fund based in Connecticut. He co-founded the firm in May 2002 and served as president, portfolio manager, and director. Prior to starting Artha, Jaideep was an executive director and managed pools of funds at Morgan Stanley Asset Management in New York and London. He is a founder and remains a trustee of Ashoka University, New Delhi and previously served on the International Advisory Board, Center for Advanced Study of India at the University of Pennsylvania.
VP – Sales – India
Pranav is the VP – Sales – India at B2B fintech Global PayEX that focusses on improving working capital efficiency in order-to-cash & procure-to-pay cycle.
Pranav comes with over 15 years of experience in consulting, product management, and systems engineering, across technology, transportation, and insurance sectors.
He has previously worked at Infosys and Tata Consultancy Service, India’s most valuable IT companies. Pranav most recently worked at Tata AIA Life Insurance.
Having co-founded two startups in the space of health and transportation, Pranav brings an entrepreneurial mindset to tech innovation.
An alumnus of the prestigious Indian Institute of Management – Calcutta, Pranav has a Bachelors in Engineering from Veermata Jijabai Technological Institute.
Pranav is based in Mumbai, India.
Executive Vice President & Head, North America
Anu Agrawal heads the North American business for Global PayEX and is responsible to establish & grow the North American market.
Being a tech entrepreneur with a successful exit, Anu has worked with tech start-ups and global giants and specializes in setting up new regions and taking them to scale. He has over 2 decades of global experience in working in leadership positions in banking, cards & payments, trading, hi-tech, and SaaS companies such as Hewlett Packard, Icertis (CloudMoyo), and MphasiS.
He holds an MBA degree and a bachelor’s degree in computer science.
Executive Vice President & Head, North America
Anu Agrawal heads the North American business for Global PayEX and is responsible to establish & grow the North American market.
Being a tech entrepreneur with a successful exit, Anu has worked with tech start-ups and global giants and specializes in setting up new regions and taking them to scale. He has over 2 decades of global experience in working in leadership positions in banking, cards & payments, trading, hi-tech, and SaaS companies such as Hewlett Packard, Icertis (CloudMoyo), and MphasiS.
He holds an MBA degree and a bachelor’s degree in computer science.
Jeroen Tas is currently the Chief Innovation & Strategy Officer at Philips Healthcare. Tas is also a member of the Executive Committee at Royal Philips. Prior to that Tas served as the CEO of Philips health Informatics Solutions and Services and previously the Group CIO of Philips. He has also been the head of Citicorp’s Transaction technologies and worked for Digital Equipment and Philips Electronics in international marketing and project management positions in the USA, Europe and Asia. He has won the NASSCOM Global CIO of the year 2014, E&Y Entrepreneur of the year, 2004, and the Dutch CIO of the year in 2013. Jeroen has been named the Innovator of the Year by Philips in 2015 and is also a co-founder of MphasiS. He holds an MBA from the Free University of Amsterdam.
Jerry is currently Chairman of Value Budget Housing Development Corporate of India Pvt. Ltd. He held several positions in Citicorp in Asia, Europe, South America, and North America. He co-founded MphasiS, India’s 5th largest IT company, which was acquired by EDS/HP in 2008. MphasiS clients included JPMorgan Chase, Citibank, Deutsche Bank, Charles Schwab, TD Bank, FedEx, and HP. He has been Chairman of NASSCOM and E&Y Entrepreneur of the Year, 2004.
He is an alumnus of Loyola College Chennai, IIM Ahmedabad and the University of Chicago. He is also Entrepreneur-in-Residence at Harvard Business School and teaches at IIM, Ahmedabad and IIT Mumbai.
Peter has held senior executive positions in four FTSE 100 and Fortune 250 banking/payment and technology companies and has served as a main board director of both UK and US FinTech publicly quoted companies. A FinTech investor who has been involved with entrepreneurship at London Business School [LBS] for over 20 years, having been President of Enterprise 100 LBS for 3 years. Has been Chairman/Director of technology/payments companies in UK, US, Brussels, Turkey, India, Hong Kong and Indonesia having wide experience in M & A. He is currently President of P20, the Industry body dedicated to making payments accessible, affordable and secure for all, through collaborative change.
Alok Misra is the Chief Operating Officer of General Atlantic’s India office and an Operating Partner. In this role, he provides strategic support and financial expertise to the firm’s investment teams and portfolio companies with a
focus on the India & Asia-Pacific region. Before joining General Atlantic in 2013, Alok served as Group Chief Financial Officer at WNS Group, where he helped lead the company through significant expansion and transformation. Prior to that, he was Group Chief Financial Officer of MphasiS BFL Group (now part of the HewlettPackard Company) and served in a number of accounting and finance roles at other firms, including I.T.C. Limited and PwC. Alok is a Fellow Member of the Institute of Chartered Accountants of India.
Head of Product
Sourabh Palit has over 26 years of experience in Banking and Technology. His banking experience spans Product, Technology, Operations, and Sales in some of the premier private sector and MNC banks in India. He started his career in banking with HDFC Bank and his last stint was with ICICI Bank. He has also worked as Global Head of Product – Transaction Banking for a large Indian Technology company.
Sourabh is a graduate of Delhi University with specializations in Mathematics and Economics.
CFO
Rupesh Nambiar has held finance leadership roles in companies across industries – from the launch stage to IPO. His experience includes business strategy, planning, controllership, setting up processes and metrics, accounting, analytics, M&A, taxation, fundraising from Private Equity/HNIs, IPO in NYSE and LSE, Debt funding, risk management, financial reporting, corporate governance, and investor relations.
He is a Chartered Accountant from the Institute of Chartered Accountants of India.
COO
Stuart Jackson comes with a wealth of leadership role experiences from various financial institutions in the UK, Europe, the Middle East and Asia. Having worked for large corporates including Barclays as a Regional Director in Business Banking and DLL (Rabo Bank) in Asset Finance, he also brings valuable experiences from entrepreneurial endeavors.
Originally from Scotland, Stuart holds an honors degree in Chemistry from Aberdeen University.
CTO
Abhilash Edakadampil comes with 15+ years of technology + entrepreneurship experience. He served as the CEO of Byzan Systems Pvt Ltd., a 28-year BFSI services organization that serves leading Indian and global banks. He has also worked with MIT Media Labs (Boston), Deloitte US (Mclean, Virginia), Amtrak (Washington DC). He has architected multiple turnkey BFSI products including Financial Messaging Systems that handle more than 100M+ transactions/ day.
He is a computer engineer with a Master’s degree from Carnegie Mellon University.
CRO
Naru specializes in growing P&Ls leveraging technology, process, operations, and market needs. He brings over 2 decades of experience in scaling businesses across most continents (US, UK/ Europe, India/ Asia/ GCC, Africa and Australia). He has held leadership roles in industries ranging from payments, banking & financial services and retail in Wipro, Tesco, Finablr, Thomson Reuters, and MphasiS.
He holds an MBA degree from the Indian Institute of Management, Calcutta and a Computer Science engineering degree from VJTI, Mumbai.
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