Glantus a global provider of financial automation and data intelligence solutions, announced on Monday it has acquired JPD Financial, a Vendor Credit Recovery services provider. According to Glantus, the acquisition will bring new levels of automation and AI to credit recovery and financial processing offered to global businesses and shared services units. It also creates a business with a turnover of approximately $12 million and brings global service delivery expertise to the Glantus family of companies.
“JPD Financial is a trusted partner to Fortune 1000 companies, having led the way in Vendor Credit Recovery services over the past 30 years. This unique service returns millions of dollars to the bottom line of JPD Financial customers each year, while improving long term supplier relationships. In recent years it has extended its services offering to include Accounts Payable Auditing and Master Data Cleansing. JPD Financial serves North American customers from its headquarters in San Jose and European customers from its operations in the UK.”
Speaking about the acquisition, Maurice Healy, Founder of Glantus, stated:
“This acquisition significantly deepens our ability to serve global organisations at scale. It propels Glantus forward in our ambition to drive the future of financial processing with real-time data intelligence.”
John Doyle, President and CEO of JPD Financial, then concluded:
“JPD customers are increasingly looking at automation and AI to drive further efficiencies in their financial processes. With Glantus, JPD now has the advanced technology platform and the team behind it to deliver these new services.”