Serrala, a global provider of financial automation and payment solutions, has announced the acquisition of U.S.-based Payference. This strategic acquisition marks a significant enhancement of Serrala’s finance automation cloud suite, positioning the company to offer more comprehensive and advanced solutions to its global client base.
Payference, known for its cutting-edge cash forecasting and working capital management solutions, brings a suite of innovative technologies that will integrate seamlessly with Serrala’s existing offerings. The acquisition will bolster Serrala’s capabilities in providing end-to-end financial automation solutions, from invoice and payment processing to advanced cash management and forecasting.
By incorporating Payference’s technology, Serrala aims to address the growing demand for sophisticated financial automation tools that help businesses optimize their cash flow and working capital. The enhanced cloud suite will enable clients to gain better visibility into their financial operations, make more informed decisions, and improve overall efficiency.
Serrala’s CEO, Sven Lindemann, expressed enthusiasm about the acquisition, stating, “The addition of Payference to our portfolio is a significant milestone for Serrala. Their innovative solutions in cash forecasting and working capital management perfectly complement our existing capabilities and will provide our clients with even greater value.”
This acquisition is part of Serrala’s ongoing strategy to expand its global footprint and enhance its product offerings through strategic acquisitions and innovations. As businesses continue to navigate the complexities of financial management in a rapidly evolving digital landscape, Serrala’s expanded suite of solutions will play a critical role in helping them achieve greater efficiency and resilience.