Global PayEX provides a SaaS platform underpinned by AI and ML to bring about rapid transformation in accounts receivable ( AR ) and accounts payable ( AP )

A s the industry presses ahead with digitisation , there are dark corners of the finance world that risk being left behind . Without doubt , B2B finance processes have been overlooked in favour of digitisation in the B2C space . Now , a raft of innovators are beginning to recognise the potential for greater disruption in B2B payments and related processes , and one of the most neglected areas is that of accounts receivable ( AR ) and accounts payable ( AP ).

Global PayEX offers a SaaS platform that helps businesses to automate and digitise AR and AP processes . The company wants to make B2B payments as seamless as paying a utility bill ( C2B payment ), and has designed digital customer journeys , including on mobile , that remove frictions in B2B payments . Based in Connecticut , US , the company is five years old – meaning no legacy tech hangover – and the firm already has a marquee customer base such as 3M , Bridgestone , Stanley Black and Decker , Reiter , Hafele and several other mid-to-large corporates . It has enabled its customers to realise significant operational efficiencies within their AR and AP departments and processes . fintechmagazine . com 83

FinTech Magazine - September 2022 | Page 83

Global PayEX provides a SaaS platform underpinned by AI and ML to bring about rapid transformation in accounts receivable ( AR ) and accounts payable ( AP )

Global PayEX provides a SaaS platform underpinned by AI and ML to bring about rapid transformation in accounts receivable ( AR ) and accounts payable ( AP )