Company Research Report: Payable Ltd.
Company Overview
- Name: Payable Ltd.
- Mission: To build a unified platform that transforms how businesses manage payment operations by breaking down data silos, automating money movement, and converting finance teams from operators into decision-makers.
- Founded: No information is available.
- Founders: Daniel and Raz.
- Key People: Daniel (Role unspecified), Raz (Role unspecified)
- Headquarters: No information is available.
- Number of Employees: No information is available.
- Revenue: No information is available.
- Known For: Payable is known for its comprehensive payment operations platform that simplifies cash management, positioning, forecasting, and reporting, automating the financial workflows of companies.
Products
- Cash Positioning
- Description: Provides real-time tracking of cash flow movements and transactions, consolidating data across banks, ERPs, and finance tools.
- Key Features: Real-time insights into financial health, transaction-level data analysis, elimination of manual workload.
- Cash Forecasting
- Description: A flexible tool for financial planning that enables the building of forecasts and running scenarios based on real-time data.
- Key Features: On-demand scenario analysis, use of ERP and invoice data for precise planning, transformation of unstructured data into actionable insights.
- Cash Reporting
- Description: A reporting tool that automates cash reporting workflows, providing a holistic view of financial health and detailed analysis capabilities.
- Key Features: Automated reporting workflows, drill-down to transaction-level data, and strategic decision-making support.
- Integrations
- Description: Seamless integration with accounting platforms like Netsuite, Xero, Dynamic 365, Quickbooks, Sage, over 2,000 bank integrations, and payment providers like GoCardless, Modulr, and PayPal.
- Key Features: Real-time data sync across systems, automated reconciliation processes, role-based access for security.
Recent Developments
- New Products Launched:
- Payable 2.0 which offers enhanced connectivity, intelligence, and automation for real-time financial insights and operations.
- New Features:
- Split transactions for better allocation in reporting.
- Payment initiation and approvals, accommodating transaction management either via API or dashboard.
- Webhooks for real-time payment status notifications.
- Automation in accounts payable reconciliation and integration with Xero and Netsuite to streamline financial operations.
- New Partnerships: Announced robust connections and integrations with various banking and financial service providers.
- Certifications: Obtained ISO 27001 certification, affirming secure processes and data protection measures.
This detailed and structured report provides an insight into Payable Ltd., primarily focusing on its key operations, products, and recent advancements in the financial technology space.
