Background
Exactuals is a technology company specializing in payment processing solutions, primarily serving the entertainment and insurance industries. The company's mission is to streamline complex payment processes, ensuring accuracy and efficiency for its clients. By leveraging advanced technology, Exactuals aims to transform traditional payment systems, reducing errors and enhancing transparency.
Key Strategic Focus
Exactuals focuses on automating and simplifying payment processes for industries with intricate payment structures. The company specializes in managing residuals, royalties, and other complex payment types, utilizing proprietary technologies to ensure precise and timely disbursements. Its primary markets include the entertainment sector, where it addresses the challenges of royalty payments, and the insurance industry, where it streamlines commission payments.
Financials and Funding
Exactuals has secured funding to support its growth and technological advancements. Notably, in August 2018, the company was acquired by City National Bank, a subsidiary of the Royal Bank of Canada. This acquisition provided Exactuals with substantial resources to expand its services and enhance its technological capabilities.
Pipeline Development
Exactuals continues to develop and refine its payment processing platforms to meet the evolving needs of its clients. The company is focused on enhancing its existing solutions and exploring new applications of its technology in adjacent markets. Timelines for these developments are aligned with industry demands and client requirements.
Technological Platform and Innovation
Exactuals' proprietary payment processing platform is designed to handle complex payment scenarios with high accuracy. The platform incorporates advanced algorithms and machine learning techniques to automate payment calculations and distributions. This technological innovation sets Exactuals apart in its industry, offering clients a reliable and efficient solution for managing intricate payment processes.
Leadership Team
- Mike Hurst, CEO: As the Chief Executive Officer, Mike Hurst brings extensive experience in technology and finance. Under his leadership, Exactuals has expanded its market presence and enhanced its technological offerings.
- Jason Hurst, COO: Serving as the Chief Operating Officer, Jason Hurst oversees the company's operations, ensuring efficiency and alignment with strategic goals.
- Bryan Walley, CTO: As the Chief Technology Officer, Bryan Walley leads the technological development of Exactuals' platforms, driving innovation and maintaining the company's competitive edge.
Leadership Changes
There have been no recent significant changes in Exactuals' leadership team.
Competitor Profile
Market Insights and Dynamics
The payment processing industry, particularly within the entertainment and insurance sectors, is experiencing growth due to increasing complexity in payment structures and the need for automation. Companies that offer efficient, accurate, and transparent payment solutions are well-positioned to capitalize on this trend.
Competitor Analysis
Exactuals faces competition from several companies offering payment processing solutions:
- FilmTrack: Specializes in rights management and royalty processing for the entertainment industry.
- Vistex: Provides revenue management solutions, including royalty and commission processing, across various industries.
- Music Reports: Offers rights administration and royalty processing services for the music industry.
These competitors focus on similar areas, utilizing technologies to streamline payment processes and ensure compliance with industry standards.
Strategic Collaborations and Partnerships
Exactuals' acquisition by City National Bank has strengthened its market position, providing access to a broader client base and additional resources. This partnership has enabled Exactuals to enhance its technological capabilities and expand its service offerings.
Operational Insights
Exactuals differentiates itself through its proprietary technology platform, which offers high accuracy and efficiency in processing complex payments. The company's focus on automation and transparency provides a competitive advantage in the market.
Strategic Opportunities and Future Directions
Exactuals is poised to explore new markets and expand its service offerings. By leveraging its technological strengths and industry expertise, the company aims to address additional complex payment scenarios in various sectors. Continued investment in technology and strategic partnerships will support Exactuals' growth objectives.
Contact Information
- Website: Exactuals
- LinkedIn: Exactuals on LinkedIn
- Twitter: @Exactuals
