Saturday, July 24, 2021

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Quadient: Acquires YayPay To Boost AR Automation

  • The fintech company Quadient which focus on helping businesses connect with customers digitally, has acquired YayPay
  • The acquisition will allow Quadient to expand its Business Process Automation offering, including the cloud-based Impress program
  • YayPay founded in 2015 works to combine automated invoice delivery and collections management, credit assessment, payment and cash application solutions
  • The service provides real-time reporting combined with artificial intelligence in order to predict future cash flow behavior
  • The combination of the two companies comes as businesses everywhere are trying to digitize in order to keep up with the effects of the pandemic
  • According to CEO Geoffrey Godet, the acquisition of YayPay will aid Quadient in transforming AR processes

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