Conexiom: Automating Monetary Transactions for Greater Efficiency

Businesses that conduct multimillion-dollar transactions require the most effective account management tools to facilitate uninterrupted financial operations. However, carrying out such critical tasks in this current era of hyperconnectivity has become tedious, resulting in an increased demand for digital solutions.

To that end, many fintech organizations work toward innovative solutions that help simplify finance data management. For instance, the automation of storage and distribution processes depicts how fintech solutions can ensure the completion of tasks, such as handling purchase and sales orders, and accounts payable invoicing, with 100 percent accuracy. Observing the need to minimize paper trails and streamline multi-channel communications across an enterprise, Chicago-based Conexiom has perfected the art of automating trade documents and structuring financial data through its best-in-class automation technology.

In the European and North American markets, transactions worth more than $20 trillion are conducted annually. Statistics show that 44 percent of these transfers—carried out manually— experience recurrent issues of lost invoices, vendor complaints, and duplications or overpayments. The Conexiom platform helps companies overcome these challenges by leveraging its proprietary Touchless Automation technology to ensure that data is extracted with 100 percent accuracy, which effectively reduces operational costs. The platform provides customers with tangible ROIs, majorly impacting their deposits across supply chains, finance operations, and sales teams.

“What makes us unique is our ability to handle complex business logic and transform unstructured documents into valuable, structured file formats,” says Ray Grady, CEO and President of Conexiom.

The Conexiom platform leverages the extensive capabilities of intelligent machine learning (ML) models to deliver desirable results using analytics and online portal capabilities to accurately comprehend the nature of order volumes and their processing times.

Conexium’s core value revolves around its ability to simplify data extraction processes while interpreting relevant contextual information at a granular level.