StockXelix & Profectus Partnership Gives Boost To Accounts Payable Teams In Australia and NZ

November 15, 2022

Account payable teams in Australia and New Zealand have received a huge boost after two major players in this arena have announced a ground-breaking partnership.

Xelix, who offer the world’s first account payable control centre, has announced an exclusive partnership with leading audit services company, Profectus.

According to a statement announcing the deal, this will create “the ultimate full-service solution for accounts payable teams in the region”.

Since being set-up in 2018, Xelix has become known as an innovative tool for accounts payable teams, with its SaaS application that bolts-on to ERP and procure-to-pay systems. It has been noted for preventing incorrect payments and fraud, as well as the automation of certain processes for AP teams.

Profectus views their partnership with Xelix as a key milestone in their bid to move towards becoming a tech-driven company.

Chris Hutchins, the CEO of Profectus Group, discussed how this deal offers them an avenue to serve smaller organizations, as well as the bigger companies they already deal with.

He said: “This solution’s real-time analysis of transactions means the audit side is no longer as intensive and it ensures that we can deliver the same level of analysis and expertise normally reserved for big businesses to SMEs, which to date have been underserved on this front.”

Paul Roiter, CEO and Co-founder of Xelix, also expressed delight to be partnering with a firm that is well established in the region.

He said: “Profectus has a great reputation of working closely with its clients as a compliance and recovery insider, almost an extension of the finance and AP teams for many businesses across ANZ.

The combined expertise of both organizations will help them provide a solution like no other in the region.

“It made perfect sense to partner with them and help their clients and future ones of all sizes to avail of a world-leading technology that will help Profectus focus on key compliance issues that their expertise is best-positioned to deliver. Our agreement ensures SMEs as well as large-scale enterprises can now make the most of our complimentary expertise” Mr Roiter added.

Leave a Reply

Your email address will not be published. Required fields are marked *

Disclaimer: SmartPeopleMail.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2021 SmartPeopleMail. All Rights Reserved.

IT'S YOUR OPPORTUNITY OF THE YEAR!
Subscribe for FREE today and get your daily shot of smart news about the Economy and Investing.
We are dedicated to keeping any data we collect from you — safe and secure. Here you can read our privacy policy.