Axway, a leading provider of open banking infrastructure solutions, has recently announced the acquisition of AdValvas, a specialist in e-invoicing. This acquisition is expected to strengthen Axway’s position in the digital transformation market and expand its capabilities in the area of financial services.
AdValvas is a well-known player in the e-invoicing space, providing solutions that enable businesses to automate their invoicing processes and improve their cash flow management. The company’s platform is designed to simplify the invoicing process, reduce errors, and increase efficiency. With this acquisition, Axway will be able to offer its customers a comprehensive suite of solutions that cover the entire invoicing process, from creation to payment.
The acquisition of AdValvas is part of Axway’s strategy to expand its presence in the financial services industry. The company has been investing heavily in this area, developing solutions that help banks and other financial institutions to comply with regulations such as PSD2 and GDPR. With the addition of AdValvas’ e-invoicing capabilities, Axway will be able to offer a more complete set of solutions to its customers in the financial services industry.
Axway’s CEO, Patrick Donovan, commented on the acquisition, saying: “We are excited to welcome AdValvas to the Axway family. This acquisition is a key step in our strategy to expand our presence in the financial services industry and provide our customers with a comprehensive set of solutions that cover all aspects of their digital transformation journey.”
The acquisition of AdValvas is also expected to benefit Axway’s existing customers in other industries. E-invoicing is becoming increasingly important for businesses of all sizes, as it enables them to streamline their invoicing processes and improve their cash flow management. With AdValvas’ expertise in this area, Axway will be able to offer its customers a solution that is tailored to their specific needs.
In conclusion, Axway’s acquisition of AdValvas is a significant development in the digital transformation market. The addition of e-invoicing capabilities to Axway’s portfolio will enable the company to offer a more complete set of solutions to its customers in the financial services industry, as well as other industries. This acquisition is a testament to Axway’s commitment to innovation and its dedication to providing its customers with the best possible solutions to meet their evolving needs.
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- Kaynak: https://platodata.network/platowire/axway-an-open-banking-infrastructure-innovator-acquires-advalvas-a-specialist-in-e-invoicing/
