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paymerang.com

Founded Year

2010

Stage

Private Equity - II | Alive

Total Raised

$38M

Last Raised

$10M | 2 yrs ago

Revenue

$0000 

Mosaic Score

+50 points in the past 30 days

What is a Mosaic Score?
The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.

About Paymerang

Paymerang provides electronic payment solutions for commercial clients in the education, healthcare, banking, non-profit, hospitality, public sector, media, real estate, manufacturing, and services industries. The company's cloud-based accounts payable software allows businesses to electronically pay their vendors in a safe, secure and efficient way while earning rebates on their spending. Paymerang also helps businesses automate invoice processing, coding, and approval, which saves hundreds of hours for time-strapped business offices.

Paymerang Headquarters Location

7401 Beaufont Springs Drive Suite 126

Richmond, Virginia, 23225,

United States

877-680-7332

ESPs containing Paymerang

The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.

EXECUTION STRENGTHMARKET STRENGTHLEADERHIGHFLIEROUTPERFORMERCHALLENGER
Financial Services / Payments Tech

Accounts payable (AP) automation software companies use AI and machine learning to automate the entire AP process, from invoice to payment to reconciliation, with the aim of reducing manual processes and avoiding human errors. Other AP automation solutions streamline vendor management processes, improve tax compliance form efficiency, and support international supplier invoicing.

Paymerang named as Leader among 14 other companies, including Tradeshift, Nexus Systems, and Finexio.

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Expert Collections containing Paymerang

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Paymerang is included in 2 Expert Collections, including Payments.

P

Payments

2,432 items

Companies and startups in this collection enable consumers, businesses, and governments to pay each other - online and at the physical point-of-sale.

F

Fintech

7,550 items

US-based companies

Latest Paymerang News

Paymerang's AP Automation relieves NorthPointe Hospitality of arduous manual processes

Aug 15, 2022

NORTHPOINTE HOSPITALITY Northpointe Hospitality Management is a leading hospitality management firm specializing in complex, historic, and distinctive projects. Recently recognized as a Top 100 Hospitality Management Company, NorthPointe's track record of creating a strong portfolio comes from delivering healthy returns for their investors, a deep understanding of development and operations, and guest loyalty. The Challenge NorthPointe Hospitality Management oversees numerous hotels and properties in the Southeast region. When manual AP processes became too overwhelming, they sought out ways to create better efficiencies in their payables process. Their old-fashioned AP process was cumbersome with team members cutting checks physically, following up on vendor payment inquiries, and tracking down unprocessed payments. By focusing on these monotonous tasks, it was diverting their team away from focusing on guest facing initiatives. "In transforming our AP department, it allows us to focus more on guest experience. It allows us to focus more time on the development of our team members in the field and it allows us to create better relationships between both our internal and external guests," - Greg Winey - President/Principal, NorthPointe Hospitality Management. The Solution Paymerang's Payment Automation provided North Pointe Hospitality with a paperless payment process while reducing costs, increasing efficiency, improving security and reducing reconciliation time. Their accounting team is now able to focus on more analytical activities and find new ways to run their business in a more strategic and profitable way. The Results Cost Savings Increased Security Increased revenue from quarterly rebates Improved operational efficiency

Paymerang Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
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Paymerang Rank

  • When was Paymerang founded?

    Paymerang was founded in 2010.

  • Where is Paymerang's headquarters?

    Paymerang's headquarters is located at 7401 Beaufont Springs Drive, Richmond.

  • What is Paymerang's latest funding round?

    Paymerang's latest funding round is Private Equity - II.

  • How much did Paymerang raise?

    Paymerang raised a total of $38M.

  • Who are the investors of Paymerang?

    Investors of Paymerang include Aldrich Capital Partners and Union First Market Bankshares.

  • Who are Paymerang's competitors?

    Competitors of Paymerang include Nexus Systems, Finexio, Settle, OnPay Solutions, Aavenir Software and 16 more.

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