Global PayEX

12/05/2023

“IT is not just writing programs, that is just 5% of it; the remaining 95% is you need to observe and understand the needs of people.”

Meet Pratik Parekh, our solution architect, an adventurer who loves to spend time at the seashore.

Exploring unknown places is like a hobby to Pratik. Whenever he gets a chance, he takes his keys and sets off on a journey. He loves to wander the streets of Bombay as well.

On the weekends, when he is not outside with his ride, you can find him spending time with his family and friends, watching movies, and listening to health tips.

He started his professional journey as a trainer at NIIT Limited; despite having a commerce background, he was always interested in technology and pursued a software engineering course. His passion for technology brought him closer to the IT world, and today, after almost five years in Global PayEX, he is one of our proficient engineers who manages a whole team and delivers client requirements seamlessly.

11/09/2023

Did you know?

75% of B2B invoices require manual processing in the United States, costing businesses $166-203Bn every year.

e-Remittance is poised to be a game-changer to this situation, eradicating the need for manual payment processing. However, businesses encounter certain complexities when it comes to e-Remittance delivery and processing.

Having scrutinized these barriers, the FedPayments Improvement by Federal Reserve and Business Payments Coalition (BPC) have introduced an e-Remittance exchange framework in the United States. It’s expected to be mandatory for all businesses in the near future.

Our latest blog provides a comprehensive insight about e-Remittance Exchange Framework and how your business can adopt it with ease.

𝗥𝗲𝗮𝗱 𝗵𝗲𝗿𝗲: https://lnkd.in/gigRqzkG

This link will take you to a page that’s not on LinkedIn

11/08/2023

GSK, a pharmaceuticals manufacturing giant experienced a 𝟵𝟮% 𝗿𝗲𝗱𝘂𝗰𝘁𝗶𝗼𝗻 in reconciliation time using 𝗙𝗿𝗲𝗲𝗣𝗮𝘆.

GSK Pharmaceuticals is an Indian subsidiary of GlaxoSmithKline plc, one of the world’s leading research-based healthcare companies. It has a wide network of dealers and distributors across the country.

Earlier, GSK’s finance teams relied heavily on error-prone manual back-office processes which presented challenges in releasing locked credit lines due to unsuccessful cheque clearance.

Despite maintaining a dedicated team to oversee end-to-end collections, they encountered significant difficulties in promptly sharing payment information with their network of dealers and distributors.

Know how GSK successfully solved these and more accounts receivables challenges with Global PayEX.

Read the full case study here: (Link in comments)

11/07/2023

In the world of B2B payments, customer satisfaction is the bedrock of success.

Global PayEX’s EIPP Solution: FreePay, provides your customers with multiple payment options and the flexibility to make payments using their preferred channel.

FreePay also helps your business to:

- Increase the collections cycle and reduce your Days Sales Outstanding (DSO) by 20-25%

- Empower your customers with a secure self-service payment portal

- Easy access to embedded finance for affordable and secure dealer financing for your customers

11/06/2023

Page Industries Ltd, a fully integrated manufacturing and retail company, slashed its reconciliation time, going from 𝗳𝗶𝘃𝗲 𝗳𝘂𝗹𝗹 𝗱𝗮𝘆𝘀 to 𝗹𝗲𝘀𝘀 𝘁𝗵𝗮𝗻 𝗮𝗻 𝗵𝗼𝘂𝗿 with 𝗔𝗹𝗴𝗼𝗿𝗶𝗤!

In addition, Page Industries leveraged Global PayEX’s 𝗔𝗹𝗴𝗼𝗿𝗶𝗤 solution to:

1. Eliminate significant manual efforts of finance teams with automated reconciliation
2. Fasttrack deductions resolution with automated deductions identification from the huge volume of payments
3. Improve transparency with automatic updates of invoices and payment details to ERP

Here’s what Deepanjan Bandyopadhyay, 𝗖𝗵𝗶𝗲𝗳 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗢𝗳𝗳𝗶𝗰𝗲𝗿 of Page Industries Ltd has to say about leveraging AlgoriQ to optimize their cash-application and deductions management.

11/02/2023

Global PayEX will be attending 𝗙𝗮𝘀𝘁 𝟱𝟬 𝟮𝟬𝟮𝟯 today, organized by Baltimore Business Journal to celebrate the fifty fastest-growing private companies of the city.

These companies have seen tremendous growth over the last three consecutive years.

Our Executive VP, Head of North America Anu Agrawal, will be at the event to congratulate them and demonstrate the true value of AR and AP automation in elevating working capital management of businesses.


Stay tuned!

11/01/2023

Global PayEX team is at SEMA Show in Las Vegas!

Yesterday marked an incredible start to SEMA 2023. The energy of the networking session was unmatched with more than 120,000+ industry professionals in the event.

Our team actively engaged in showcasing how our solutions can help the automotive industry to streamline their complex finance operations. Exhibitors representing thousands of brands from the U.S. and international markets gathered — sharing the latest products, services and innovations.

We witnessed some of the brand-new product releases and it was great to interact with business leaders discussing the challenges of B2B Payments in the Automotive industry.

The day ended with an epic kick-off party with G-Eazy.

Stay tuned for more updates!

11/01/2023

Tired of customers ghosting your collections team?

This Halloween, embrace your AR-some frights and let automation cast its spell to haunt your financial fears away.

Happy Halloween from Global PayEX! 🎃
Wishing everyone a fun and safe night. 👻

10/30/2023

Global PayEX is gearing up for SEMA 2023!

We're thrilled to announce we will be attending the SEMA Show this week in Las Vegas.

As a leading player in the world of B2B Payments, we can't wait to connect with industry professionals and showcase how our AI-powered AR and AP automations solutions can help businesses thrive in this competitive market.

If you will be at SEMA, we would love to connect!

Book a slot with our AR and AP automation expert Sudipta Jash, SVP of International Growth & Partnerships, to meet during the show: (Link in comments)



Stay tuned!

#2023

10/26/2023

That’s a wrap for Money20/20 USA, and what an incredible experience it has been for Global PayEX.



We had the privilege of engaging in insightful conversations with finance leaders, industry peers, and esteemed banking professionals



The keynote session by Devin Banerjee of LinkedIn news and Siya Vansia of ConnectOne Bank on ‘The Evolution of Bank-Fintech Partnerships’ and the panel discussion of ‘Real-Time Payments Innovation in the US’ of Connie Theien, Dondi Black, Booshan Rengachari, and Nilesh Dusane were incredibly insightful.


We got the exclusive first look at 2023 survey results of emerging trends shaping the fintech industry by Discover Global Network and were inspired by the transformative insights shared by the leaders of US Bank, PwC, Mastercard and Deloitte. Our team engaged in multiple sessions discussing the future of financial services and the importance of real-time payments.



Money 20/20 was a dynamic blend of exploring latest trends in B2B payments, valuable networking, and delectable cuisine.



Stay tuned!



#2023

10/25/2023

Reflecting on the exceptional past three days at AFP 2023!

Our time in San Diego was a whirlwind of connections, fintech innovations, and inspiration.

Meeting finance and treasury professionals from around the world was truly thrilling. We had the privilege of hearing insights from industry leaders at J.P. Morgan, Wells Fargo, and Standard Chartered on the remarkable transformations underway in the financial services sector.

We had the distinct pleasure of meeting Carolyn Kroll, Todd M. Albers from the Federal Reserve Bank of Chicago and Michael Jasper during the event. Their insights were truly inspiring about B2B payments modernization.

It was indeed an esteemed privilege to engage with prominent industry leaders, engaging in thoughtful discussions about technological advancements and nurturing invaluable connections that empower finance professionals through AR and AP automation.

If you are at AFP 2023, meet our SVP of International Growth & Partnerships, Sudipta Jash, at the conference and let’s discuss how our AI-powered AR and AP solutions can transform your finance management processes.

Stay tuned for more updates!
#2023

10/17/2023

Global PayEX will be at 𝗔𝗙𝗣 𝟮𝟬𝟮𝟯 in San Diego from October 22-25, 2023.

We can't wait to connect with finance professionals from across the world and hear about the latest innovations in finance.

Sudipta Jash, SVP International Growth & Partnerships at Global PayEX will be at the event. If you’re looking to grow your business faster with finance process optimization, let's connect.

We’d love to showcase how our 𝗔𝗜-𝗽𝗼𝘄𝗲𝗿𝗲𝗱 𝗔𝗥 & 𝗔𝗣 𝘀𝗼𝗹𝘂𝘁𝗶𝗼𝗻𝘀 help in overcoming the challenges of the office of the CFO.

Book an-in person meeting with our finance automation expert: (Link in comments)

We are excited to see you at 𝗔𝗙𝗣 𝟮𝟬𝟮𝟯.

Stay tuned for more updates!