Global PayEX is honored to receive the prestigious ETBFSI Exceller Award 2024, hosted by The Economic Times, in the ‘Best FinTech Initiative of the Year’ category.
The BFSI sector has witnessed a remarkable transformation in recent years, with India emerging as one of the fastest-growing fintech markets globally. As new technologies in financial management have come into play, companies now understand the need to improve their current processes to remain competitive in the rapidly changing market.
Around 91% of the companies in the BFSI sector have already adopted cloud-based solutions for digital modernization. Global PayEX is at the forefront of finance transformation, delivering AI-powered Accounts Receivable and Accounts Payable automation to streamline order-to-cash and procure-to-pay cycles for businesses
Award Ceremony Highlights
The ETBFSI Exceller Awards 2024 took place on November 29, 2024, at Sofitel, Mumbai, bringing together hundreds of industry leaders for a grand evening of recognition and celebration. Hosted by The Economic Times, one of India’s leading business and financial news organizations, the awards honor technology innovators who have significantly contributed to the BFSI sector.
It is an annual initiative, and the 2024 edition marked the 6th year of this prestigious event, acknowledging the transformative impact of fintech solutions across urban and rural landscapes in India.
Thousands of fintech companies nationwide competed for the coveted awards, with winners selected based on innovation and the real-world impact of the solutions. The entries were evaluated by an industry panel of distinguished leaders in the finance sector, making sure only the most remarkable contributions were rewarded.
The Moment of Glory
Global PayEX’s Chief Operating Officer, Stuart Jackson, and Head of Business, Ram Subramanian, accepted the award on behalf of the company, marking another significant milestone in our journey of progress. It was a moment of pride for our entire team of Global PayEX as our solutions were recognized on such a distinguished platform.
Expressing his thoughts on this achievement, Varun Rao, Vice President of India Business at Global PayEX, said:
“We are honored to be recognized for our innovative B2B finance automation solutions. Today, businesses want integrated finance systems with advanced automation capabilities, and our solutions go beyond expectations to drive efficiency with our integrated AR-AP automation solutions. Our customers have experienced over 20% reduction in DSO after adopting our solutions. Global PayEX’s solutions are effectively solving the challenges of the CFO’s office, and this ETBFSI award is a testament to that.”
How Did Global PayEX’s Solutions Stand Out in the FinTech Sector?
Global PayEX received this award for its AI-powered, integrated AR and AP automation and financing solutions, which has set a new benchmark in the industry. Our cutting-edge technology is our key differentiator, enabling businesses to optimize their Accounts Receivable and Accounts Payable operations seamlessly.
Here’s what makes our solution truly unique:
- It’s the only product to have a lending stack with multiple vendors from A/R and A/P
- It provides the shortest deployment time, which starts from just 2 weeks, ensuring rapid go-live.
- Pre-built adaptors, APIs, and integrators tailored for mid-market businesses for seamless integration.
- 200+ pre-built configurations, with the flexibility to enable additional customizations as needed.
- Effortless white-labeling with rapid Single Sign-On integrations that allow businesses to personalize and brand the platform.
- Supports multiple languages, currencies, and compliance structures, catering to global markets.
By combining a user-friendly experience with AI-driven insights, Global PayEX is streamlining AR and AP workflows for finance teams while enabling strategic decision-making for finance leaders.
We sincerely thank The Economic Times for this incredible opportunity and extend our heartfelt gratitude to our customers and partners for their trust and support. This achievement inspires us to continue innovating in the Accounts Receivable and Accounts Payable space to deliver more significant impact and long-term value to businesses worldwide.
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