We’ve been using FreePay since 2020 and the best thing about it is its ability to automate the entire collection and reconciliation process, thereby optimizing our working capital management. FreePay has helped us receive the Adam Smith Award 2022 for our best-in-class digitization regarding NACH. The submissions standard was of the highest level, with a fantastic 416 nominations. Earlier our CFAs were responsible for collecting and maintaining cheque details. These cheques in transit would often pose a problem around credit limit release. But FreePay has efficiently replicated cheque payment mechanisms through ACH mandates processed through GSK’s banks. We have been able to significantly reduce the time taken for dispute resolution. FreePay has also helped us elevate our customer experience and set up a platform to onboard other non-direct debit customers.

One of the remarkable features of Global PayEX's AlgoriQ is its streamlined view of credit adjustments, open AR, and invoices in a single platform. It has automated our reconciliations seamlessly, handling all the complexities of payment advice from various marketplaces. We can now maintain our operational pace without interruption even when onboarding new clients and partners. These automation capabilities have helped us expedite our AR processes, freeing up valuable time to focus on new retail partners without scaling the headcount. Previously, maintaining this momentum with new client on boardings was a challenge. However, with AlgoriQ, our reconciliation process has reached new heights, achieving remarkable growth -Our marketplace transactions on platforms like Amazon have increased from 23, valued at around USD 52K, to 127 transactions totaling almost USD 500K over the past two years. This significant surge in transaction volume, achieved with fewer resources, truly demonstrates the exceptional effectiveness and scalability of AlgoriQ