Glantus has strengthened its portfolio with the acquisition of Vendor Credit Recovery specialists, JPD Financial.
The acquisition allows the provider of financial automation and data intelligence solutions to enhance levels of automation and AI to credit recovery and financial processing offered to global businesses and shared services units.
Maurice Healy, founder of Glantus commented: “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.”
The acquisition of JPD Financial creates a business with a turnover of approximately $12m, and brings global service delivery expertise to the Glantus family of companies.
John Doyle, President and CEO of JPD Financial added: “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.”
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.
Glantus, which is based in Dublin and also has a presence in London, has delivered advanced automation solutions to the Accounts Payable function since its inception. The company’s blue-chip clients include Europcar, AIG, Applegreen, Hertz, Hydrogen, Deloitte, Barclays and Paddy Power Betfair.
Expert Analysis: Uniting the elevated data platform of Glantus with the expertise in service delivery from JPD Financial, positions the firms well to deliver significant benefits to existing customers and accelerate the delivery of innovative new financial processing solutions.