Global PayEX Reviews & Product Details

What I like most about Global PayEX's solutions is how smoothly they reconcile 98%+ of our payments in just 2 minutes and also integrated with our existing systems, Kenan and SAP, hassle-free. We have implemented the EIPP solution in our existing application, iManage, along with the cash application automation solution, AlgoriQ. Both have significantly improved our accounts receivable management.

I must say our collections team is actually happy now. They have a dashboard to monitor everything – payment transfers, reversals, deductions, and even the 26AS reconciliation. They're no longer chasing invoices; instead, they instantly take corrective actions based on the customer insights of the dashboard. We also get customized reports emailed to us, which are really helpful. Open payments MIS, TDS reports, and NEFT posting reports; it's all there. Review collected by and hosted on G2.com.

There’s hardly anything to dislike. Every system has its nuances, but Global PayEX has always been proactive in addressing any minor challenges that arise Review collected by and hosted on G2.com.

Earlier, our finance team at Huhtamaki faced challenges in reconciling payments of 1100+ customers and managing ERP posting manually. A 10-member team was deployed to manage the reconciliation at Huhtamaki as manual reconciliation, deduction mapping, and billing adjustments took us more than two hours per payment.

After implementing AlgoriQ, over 85% of the AR reconciliation and posting is automated, and we have achieved 50% faster reconciliation. The software is intuitive and reliable; our finance teams use it daily for payment processing. Another thing I like about Global PayEX is it has a very responsive customer support team that handles any concerns quickly. Review collected by and hosted on G2.com.

Nothing. Honestly, we love the solution and the value it provides. Our whole team is very happy with its functionality. Review collected by and hosted on G2.com.

AlgoriQ has significantly streamlined our cash reconciliation and deductions management, resulting in substantial time savings. Previously, the reconciliation process spanned between 3-5 days involving 4 resources , but with AlgoriQ's implementation, with its AI-driven invoice matching algorithms have slashed the reconciliation time to less than an hour. We are highly satisfied with its functionality, seamless integration with our ERP SAP ECC 6.0, and its user-friendly interface.

One standout feature that we greatly appreciate is AlgoriQ's ability to automatically read and interpret payment advice in various formats. In the past, our team manually deciphered payment advice, but now, automation handles the entire process. This facilitates seamless cash posting, instantly updating details to our ERP without requiring any manual intervention.

Moreover, AlgoriQ has proven instrumental in deductions management by autonomously identifying deductions along with their corresponding reason codes from extensive payment volumes. It efficiently categorizes deductions based on our buyer-level configuration, further enhancing our operational efficiency. Review collected by and hosted on G2.com.

AlgoriQ has to be customized according to our business needs and till date it has provided us with only benefits. It has made AR management so much easier for us and I don't believe it has any downsides. Review collected by and hosted on G2.com.

It provides greater visibility to customers with ease of payments.It has lot of useful features such as invoice presentment,payment reminders, customer outstanding view, download invoices, payment gateway,salesman app,3 way matching with Algoric feature and easy accounting.

It helps us getting in sync with contemporary business practices and helps working capital improvement Review collected by and hosted on G2.com.

There isn't anything that I dislike about FreePay; it works great. Customer and internal team feedback has been excellent. Review collected by and hosted on G2.com.

FreePay has enhanced 3M’s productivity with high degree of automation of manual AR processes

Before adopting FreePay, we often experienced delays in cash realization, which hindered the ease of business, with customers having to wait to release goods until payments were received. This resulted in slower turnaround times (TAT) and delayed 3M's cash collection Review collected by and hosted on G2.com.

FreePay platform has been a very good fit for our needs and has consistently delivered results. We’ve found FreePay to be an efficient solution that addresses our payment processing challenges, providing tangible benefits to our organization and our customers. Review collected by and hosted on G2.com.

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. Review collected by and hosted on G2.com.

Nothing that I can think of as of now. FreePay’s support is so easily accessible and everyone in the team is always ready to assist. We are all impressed with the digitization FreePay has empowered us with. Review collected by and hosted on G2.com.

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 Review collected by and hosted on G2.com.

Nothing that I can think of so far. The entire team seems to love this Review collected by and hosted on G2.com.

user friendly, good customer support, easy integration Review collected by and hosted on G2.com.

nothing, good software, add more payment gateways Review collected by and hosted on G2.com.