Global PayEX continues its trajectory of success with another prestigious accolade. We are proud to be recognized as the Best AI-Driven Finance Automation Solution at the Future of Finance Summit and Awards 2024, hosted by UBS Forums, a premier business media powerhouse in India.
The Vision Behind the Future of Finance Summit and Awards 2024
UBS Forums is known for fostering transformational leadership across industries. They curated the summit this year to address the evolving challenges of the finance sector. The event focused on discovering state-of-the-art solutions designed to tackle the issues of the finance leaders. The Future of Finance Summit and Awards 2024 highlighted the technological advancements acting as a driving force in finance process optimization.
Key Moments from the Event
On December 22, 2024, the 14th edition of the Future of Finance Summit and Awards was held at the Taj Wellington Mews, Chennai. The event became a dynamic hub for industry leaders to share insights about the latest trends in fintech. Global PayEX was honored to participate as an exhibit partner, engaging with finance professionals to understand their unique requirements and demonstrating how our AR and AP automation solutions will fill that need.
Sundar Raman S, Client Success Head at Global PayEX, graciously accepted the award on behalf of the company.
Witnessing Global PayEX receive the Best AI-Driven Finance Automation Solution of the Year Award was a proud moment for our entire team. It highlighted the true value of our solution and the collective effort that goes into delivering innovative AR and AP automation to businesses.
What Led to Our Win at the Future of Finance Summit and Awards?
While hundreds of companies in the market offer AI-based automation products, Global PayEX stands out with its integrated AR and AP solution that delivers 3x-10x ROI for businesses.
Finance teams spend countless hours manually sending invoices, reconciling payments, managing deductions, and handling the day-to-day operations of the receivables and payables cycle. But now, with our AI-powered AR and AP solutions, the end-to-end process is automated and is completed in a fraction of the time. It gives back time to the finance team so that they can focus on tasks that require a human touch. It also provides real-time visibility into the AR and AP health via key metrics, such as DSO and DDO, which helps finance leaders’ strategic decision-making.
The tangible outcomes achieved by our clients speak volumes about the value our solution delivers:
- Stanley Black & Decker: Unlocked $1.1 million in working capital through quicker cash conversion with FreePay.
- Page Industries: Reduced 90% of manual efforts in cash application using AlgoriQ.
- Bridgestone: Unlocked working capital worth 7Mn Euro in 9 months using FreePay.
The Way Forward
Global PayEX remains steadfast in its commitment to pushing the boundaries of AR and AP automation that will drive the future of finance. We are excited to continue empowering businesses with intelligent AI-driven finance automation. This award has further solidified Global PayEX’s position as a leader in Accounts Receivable and Accounts Payable automation. We are grateful for this recognition and are energized to pursue our vision of a more efficient and automated financial future.
Learn more about our award-winning solutions: Talk to our experts
