Leading Irish information management and accounts payable automation specialist, Kefron, has today announced a new partnership with Exclusive Networks. This partnership will support Kefron’s growth strategy as it seeks to create up to 40 new jobs within the coming year.
Kefron was selected by Exclusive Networks, a global trusted cybersecurity specialist and solution provider, as their global accounts payable automation partner. Using Kefron’s innovative software, Exclusive Networks can reduce the amount of manual data entry effort associated with processing their vendor and supplier invoices as the cyber security specialist enters new markets.
Today’s announcement will see Kefron provide Exclusive Networks’ global finance teams with a cloud-based platform that provides an accurate snapshot of Exclusive Networks AP department. The Accounts Payable (AP) platform has been developed by Kefron’s in house development team while also benefiting from the latest advancements in machine learning technology, supported by a team of data engineering specialists based in Kefron HQ in Dublin.
With this new partnership Kefron will be able to pursue its own growth trajectory, investing €1m to bring its AP platform to new markets and expand its global customer base. This will result in the creation of 40 roles in the areas of emerging technology, customer experience and support. They will join the existing team of 120 at Kefron based out of Dublin and London.
Paul Kearns, Managing Director, Kefron, said: “We are very excited to announce this partnership with Exclusive Networks today. As well as supporting Exclusive Networks as they seek to digitise their invoicing processes, eliminate errors and save valuable time, this partnership aligns with our own growth strategy as we look to enter new markets and expand our portfolio information management solutions. The new jobs being created will further enhance our capabilities and meet the needs of our global customers. We are very proud to partner with Exclusive Networks and look forward to working with them as they look to a future of enhanced transformation.”
“We chose Kefron as our global AP automation platform partner because they were one of few suppliers who could support both of our key requirements which include AP Automation and E-invoicing globally” said Stephanie Riera, Group Director of Finance & Transformation. “E-invoicing is fast becoming a mandatory requirement in European countries. This means that by law, clients will need to submit documents in specific formats approved by government to do business in that country. Kefron’s integration with Oracle NetSuite was also a key factor for us as we have invested in NetSuite to support our global growth”, commented Riera. Kefron is a “Built For NetSuite” verified solution and achieved the status from Oracle NetSuite in January 2021.
By 2024, it is estimated that the global e-invoice market will be worth more than €16 billion. This strong growth is being driven by digitalisation and government policy in countries across the world.
The new partnership between Kefron and Exclusive Networks will see Kefron’s AP software used in Singapore, Belgium, Denmark and Norway and in early 2022 will become available in a further 21 countries. As Exclusive Networks continue to scale their business, the intention would be that every location in which they operate in will eventually use Kefron AP as their invoice automation tool, creating further potential for expansion into new markets.
To find out more on Kefron’s AP automation solution log onto www.kefron.com/accounts-