Let’s improve your working capital efficiency

AI-powered, cloud platform for working capital optimization in B2B accounts receivable (AR) and accounts payable (AP)

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, DDOs, 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 is headquartered out of the US and has a presence in India, Ghana, Ireland, and the UAE. 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 buyers.

$50 Billion+

Value of transactions processed

25,000+

Buyers actively transacting on the platform

90%+

B2B payments digitized

20%+

DSO (Day Sales Outstanding) reduction

OUR CUSTOMERS

Solution of choice of Fortune 500 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

Enables presentation of PO to vendor and also supports any PO change request

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

Supports secure, robust and confirmation based closed-loop payment mechanisms, enabling in-country and cross-border payments

100+ AR customizable configurations handling payment, credit, deduction, workflows, etc. with Rules integrated to ERP

150+ AR customizable configurations handling payment, credit, deduction, workflows, etc. with rules integrated to ERP

Live MIS, up to invoice level, to all stakeholders. Analytics-driven dunning, cash forecasting

Real-time detailed MIS accessible to all stakeholders (finance, sales & distribution, and customers). Analytics-driven dunning and Cash forecasting

AlgoriQ

Automated Reconciliation for institutional customers (AR) and vendors (AP) based on machine learning algorithms

End-to-end automation for intelligent AR Cash Application with continuous machine learning

End-to-end automation for intelligent AR Cash Application with continuous machine learning

Auto-read structured and un-structured documents from customers (POs, Payment advices) and vendors (invoices)

Accept invoices across both structured and unstructured formats - PDF, Excel, images, JSONs, XML, etc.

Auto-reconcile multiple data streams – PO, invoice, payment advice, bank statements with ERP integration

Auto-read invoices leveraging PayEX’s proprietary ML driven document extractor and context analyser

Deductions auto-identification, classification and resolution workflows (including dispute management)

Validate/enhance invoices, apply rules such as PO validation, vendor coding, tax data

AP Automation

Full-stack automation suite for Accounts Payable from PO to Payout

Electronic data interface between the Corporate (dashboard) and the vendors (vendor portal) through web/mobile

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

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

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 for mismatches

AI/ML-based 3-way reconciliation module for PO/GRN/Invoice matching that also supports corrective actions and workflows for mismatches

FinEX

Integrated Dealer Finance from multiple lending partners

Single channel financing platform having tie-up with multiple lending partners (Banks + NBFCs)

Single channel financing platform having tie-up with multiple lending partners (Banks + NBFCs)

Multiple loan disbursal options of Corporate initiated as well as Dealer initiated payment requests supported

Multiple loan disbursal options - Corporate initiated as well as Dealer initiated payments

Integrated with our other solutions like FreePay to provide an end to end invoice presentment, payment and reconciliation experience

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

Option for dealers to track and repay loans that includes sending auto reminders to dealers

FreePay invoice presentment
25,000+
Dealers distributors actively transacting on the platform
90%+
B2B payments digitized
20%+
DSO (Day Sales Outstanding) reduction
$50 Billion+
Value of transactions processed
95%+
Match rates for reconciliation

our milestones

Why choose PayEX solutions? Let’s look at the numbers

Success
Stories

What our customers have to say

Featured Media

Awards & Certificates

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See how to improve your working capital efficiency

J.P. Morgan

J.P. Morgan Corporate & Investment Bank

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

Jaideep Khanna

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.

Pranav Shirke

Pranav Shirke

VP of Product and Alliances

Pranav is the VP of Product and Alliances 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.

Anu Agrawal

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.

David Cowles

David is an advisor at Global PayEX, where he brings his years of applied AI experience to our products and services. Additionally, he is also the Senior Vice President at Afiniti, which is the world’s leading applied AI and advanced analytics provider. His leadership has led the Afiniti team to customer success by providing a more personalized customer experience and in creating a path for long-term customer value bridging strategy.

David is a seasoned management consultant with over 12 years of focused experience in the domains of analytics, digital commerce, social media, big data, and financial management. Previously, he has held important portfolios such as, Board Advisor and Investor at Veravas,Inc., where he was instrumental in developing technology that would measure the potential of low abundance biomarkers, needed to better diagnose and treat rare and common diseases. Besides, David has served as the Chief Operations Officer at CogWellin-BIO Tech Venture Company; as the Chief Digital Officer at MAXIMUS, and Managing Director at PwC and Accenture, where his management consulting prowess has helped sway influence across multiple industry groups including communications, healthcare, financial, consumer goods, manufacturing, and entertainment. He graduated with Bachelors of Science in Industrial Engineering from Syracuse University and went on to lead the technical team at JPMorgan Chase & Co., enabling them to build and support several trading applications.

Michael Kwesi Essandoh

Head of DevSecOps at Global PayEX

Michael Essandoh is an expert in software systems design, development, testing, and maintenance with an excellent proven track record of developing applications and solutions.

He joined the Global PayEX team in 2022 to lead the DevSecOps team, ensuring excellence in cloud infrastructure, using the latest DevOps practices, and ensuring we’re compliant to industry standards.

Before joining Global PayEX, Michael worked in leading technology organizations across Ghana and the USA. He provided strategic support as Head of Technology at OMNI Strategies and took up responsibilities to ensure engineering excellence for data processing, quality assurance, data warehousing, analytics, and algorithms. In his career journey so far, Michael has collaborated with Mobiliti Inc. (Austin), Tactical Intelligence Security (Accra), Petra Trust (Accra), and VasSoft (Accra), among others.

Michael has played active roles for technology firms in strategizing DevOps implementations as well as architecting applications to help businesses scale their solutions and services.

Joseph Adjei Manu

VP – Technology at Global PayEX

Joseph Adjei Manu has over 12 years of experience in multiple industries, including enterprise software, energy trading, investment banking, manufacturing, pharmaceuticals, and revenue management.

He has been in the IT industry since 2005 and has worked for companies spanning North America, Asia, and Africa. Before joining Global PayEX, he worked with Tibco Software (California), Merck Pharmaceutical (New Jersey), Shell Americas (Texas), Armstrong Manufacturing (Pennsylvania), Bank of New York Mellon (New York), and Liquid Financial Service (Ghana).

Joseph has been a crucial factor in scaling and leading multiple high-performing technology organizations to attain various industry security and privacy compliance certifications.

He holds a Master’s Degree in Information Systems Management from Carnegie Mellon University and a Bachelor’s Degree in Computer Science from Hampton University.

Mohan Krishnan

Founder

Mohan Krishnan is a serial IT entrepreneur, with over 3 decades of global experience in Financial Information Technology.
He co-founded MphasiS, India’s 5th largest IT and BPO company with 37000 people and $1 Billion+ in revenues, which was acquired by EDS/HP in 2008. Mohan served as President and Global Head of the US $500 M Software Applications Business with 15,000 people. MphasiS acquired an impressive list of global banks and financial institutions as its customers across all major geographies.
He also served as EDS Vice President and led the CIO/CTO offices and Architecture community of MphasiS. His other ventures include Byzan Systems Pvt. Ltd., a 30 year old IT company focused on Financial Technologies and Services in India.
Mohan is an angel investor in multiple startups in technology, retail, education, legal outsourcing, energy and real estate. He has also served as the Chairman of the Investment Committee of Nabventures, an INR 7 billion venture fund set up by NABARD with an investment focus on agriculture and related development sectors.
Mohan holds a Master’s Degree in Science and an MBA from the Indian Institute of Management, Ahmedabad.

Anu Agrawal

Anu Agrawal

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.

Venkitesh Krishnan

Head of Sales - India

Venkitesh Krishnan (Venki) is the Head of Sales – India at Global PayEX.

He has close to 30 years of experience in Corporate Business Development, Team Building, & Leadership in IT Services, Mobility, Financial Services, and ED Tech.

He joined the Global PayEX leadership team in September 2019 and oversees brand promotions, product launches, and sales campaigns as part of our global expansion strategy.

Venki has rich experience and expertise working with prominent organizations in his prior roles. He spearheaded the India Business and took many large clients to global markets.

He was instrumental in driving the India Business for IVY Mobility, a leading global enterprise mobility player built on a SaaS revenue model. In the past eight years, Venki led business success for IVY in building client relationships with 35 plus large MNC and Indian CPG (FMCG) Giants with over 50,000 SaaS users.

Venki holds a post-graduate Diploma in Management and a post-graduate degree in commerce from the Institute of Management Development and Research (IMDR), Pune.

Efthymios Gkaitatzis

Vice President, Business Development & Partnerships

With extensive Sales and Business Development experience, primarily in FinTech/Financial Services and SaaS, Efthymios has led sales and relationship management teams of Fortune-500 corporations like AIG. In addition, he has built and grown early-stage startups to Forbes FinTech 50 status. Having worked for the past decade in the working capital optimization, AR/AP Automation and B2B Payments space, he has helped several companies across N. America and EMEA to automate manual processes and improve cash flow.
Efthymios holds a Master’s degree in International Business from the University of London and a Bachelor’s degree in Business Administration and Management.

Pratiksha Global PayEX Project Manager

Pratiksha Shetty

Product Manager

Pratiksha is a highly qualified and experienced professional with a Master’s in Information Management from the Jamnalal Bajaj Institute of Management Studies and over a decade of experience in the tech industry. She has a proven track record of success in various roles, including Manager of Operations at TaskMitra and Senior Performance Test Engineer at LnT Infotech. In her current position at Global PayEx, she is responsible for the development and launch of new products as well as the management of existing product performance. Pratiksha is a driven and passionate individual with a thirst for new challenges, consistently delivering exceptional results.

Sudipta Jash

Senior Vice President- International Growth and Partnerships at Global PayEX

Sudipta joined the Global PayEX leadership team in 2022, with the objective to grow the company globally.

He has over 20 years of experience in business development, product management, strategic, and operational leadership experience in technology led businesses, and has spearheaded international expansion for several marquee technology companies.

He previously served as the Head of International Business at PayU Payments, a global fintech leader offering innovative payment, credit, and investment solutions across more than 50 markets worldwide. At PayU, he provided amazing support to the global merchants of all sizes in expanding into emerging markets, including India.

Prior to joining PayU, he was based in the United States as a Management Consultant with Mphasis Inc. At Mphasis, he worked extensively with a wide range of clients, including JP Morgan, Citibank, Green Dot, Charles Schwab, and Wolters Kluwer. During his tenure with the firm, he held a variety of senior leadership roles in Asia and North America. He also had stints with Mphasis Europe in Brussels and Dublin.

He holds an MBA degree in Marketing and Finance.

Jonathan Amos-Asiedu

Head of Engineering

Jonathan Amos-Asiedu has 12+ years of experience in Architecting, Building and Delivering Software at Scale. Jonathan’s career spans multiple domains including Biometrics, Healthcare & Health Informatics, Data Analytics & Cataloguing, E-commerce, and Financial Inclusion. He has worked with institutions across Africa, Europe, and USA. He has previously worked with GenKey BV in the Netherlands as a Senior Engineer & Architecture Lead, Andela Inc. in the USA as a Team Lead, and at Alation Inc. in the USA as a Senior Engineer, Architecture Lead and Team Lead.

Jonathan holds a Bachelor of Science in Computer Science from the prestigious Ashesi University in Ghana. He is also an Oracle Certified Professional for Java Enterprise Edition 5. He is based in Ghana, West Africa.

Sundar Raman

Lead Client Success

Sundar Raman Subramaniam is the Lead Client Success at Global PayEX. Sundar is a Business Leader with a focus on driving customer relationships in the AR and AP automation space.
In 2021, Sundar became part of the leadership team, bringing three decades of global service delivery experience in Information Technology, Telecom, Business Process Outsourcing, and Manufacturing Industries.

Over the years, he has actively provided support to lead and grow human resource functionalities. He assists Global PayEX in expanding its talent portfolio with the right mix of candidates in various roles, including Business Development and Product Management, to transform clients’ businesses.

Sundar also serves in Sales, Marketing, Operations, Client Relationships, Corporate Services, and Leadership Development to lead sales strategies and client solutions with an emphasis on driving growth for AI and ML-powered collection solutions at Global PayEX.

Sundar holds an MBA from the Indian Institute of Management Ahmedabad, preceded by Graduate Degree from the Indian Institute of Technology, Madras.

Efthymios Gkaitatzis

Vice President, Business Development & Partnerships

With extensive Sales and Business Development experience, primarily in FinTech/Financial Services and SaaS, Efthymios has led sales and relationship management teams of Fortune-500 corporations like AIG. In addition, he has built and grown early-stage startups to Forbes FinTech 50 status. Having worked for the past decade in the working capital optimization, AR/AP Automation and B2B Payments space, he has helped several companies across N. America and EMEA to automate manual processes and improve cash flow.
Efthymios holds a Master’s degree in International Business from the University of London and a Bachelor’s degree in Business Administration and Management.

Jeroen Tas

Jeroen Tas

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.

Investor - Jaithirth (Jerry) Rao

Jaithirth (Jerry) Rao

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 Radcliffe

Peter Radcliffe

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

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

Sourabh Palit

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

Rupesh Nambiar

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

Stuart Jackson

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

Abhilash Edakadampil

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 - Narayan Ramamoorthy

Narayan Ramamoorthy

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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