Quadient acquires YayPay to enhance its Business Process Automation offerings

By Pavithra R

Quadient, a leading provider of enterprise solutions aimed at making every customer interaction via a physical or digital channel, has announced the acquisition of YayPay, provider of accounts receivable management platform.

The acquisition is expected to allow Quadient to extend its offerings in the Business Process Automation (BPA) in addition to Quadient Impress, its automated and multi-channel document management platform, based on the cloud and aimed at small and medium-sized enterprises. The transaction stands on Quadient’s strategic plan to enhance its range of Business Process Automation solutions in the field of trade receivables management.

“The YayPay team has brought the most innovative SaaS solution to market, leveraging the power of artificial intelligence and data analysis tools. This acquisition is both a technological and human investment – we are delighted to welcome to Quadient, a team that has extensive expertise in the customer workstation automation market and offers a premier SaaS platform plan,” said Alyna Wnukowsky, Director of BPA Solutions at Quadient.

Founded in 2015, YayPay is a venture-backed company at the forefront of back-office automation and machine learning. It combines automated invoice sending and collection, credit assessment, payment, and cash management solutions to offer a comprehensive cloud platform to over 3,000 global users. The FinTech combines artificial intelligence with real-time analytics system to give businesses better predictability on payer behaviors and their impact on their cash flow. It’s accounts receivable management platform offers users the freedom to focus on: reducing DSO, deepening customer connections, accurately predicting cash flow, and increasing revenue.

“We are delighted to join the Quadient teams and plan to further develop the YayPay solution thanks to their global presence. Quadient corresponds in every way to our culture and our strategic vision, which is to bring intelligence in the management of receivables to all companies,” said Anthony Venus, Founder and CEO of YayPay.

Recently, YayPay partnered with GoCardless to expand its global reach.

Established since 1924, Quadient companies build powerful connections with their customers. The firm is focussed on delivering solutions that create relevant and personalized interactions.