Conexiom

Based in Canada, Conexiom offers a SaaS platform for order-to-cash and accounts payable (AP) automation. The platform ingests and extracts unstructured data (such as automatically deriving data from invoices) and contextualizes and delivers it in a structured manner. It can also factor in unique customer-vendor relationships, including custom commercial terms and pricing. Conexiom also offers reports and dashboards for users to gain better visibility of their document processing speed and volumes. The platform can be integrated with several commonly used technologies, such as SAP, Salesforce, Oracle, IBM, and Sage.

Through AP automation, users can optimize their purchase expenses by taking advantage of early payment discounts, which the platform claims to increase by 5x through its insights. Conexiom also claims users can record transactions in under two minutes using the platform and that over 80% of trade documents can be processed without manual intervention.

Conexiom has a global presence with offices in the UK, Germany, and the US, in addition to its Canadian headquarters.

Key customers and partnerships

The company has several large enterprise customers, including Honeywell, Sonepar, Grainger, Lonza, and Genpak.

Funding and financials

Conexiom reportedly processed over USD 100 billion worth of B2B transactions annually, as of April 2022, and further noted that its business has grown by 6x since 2018. The company received a USD 130 million growth investment from Warburg Pincus in September 2021 to invest in product developments.