Former managing director of Barclaycard Western Europe Neil Radley will join the board of Invapay as non-executive director.
Radley’s experience in international financial services will aid Invapay as the cloud-based payment company continues its rapid global expansion. His main focus will be on strategic ventures with Invapay’s payment schemes and global banks in new territories.
“I think the technology Invapay has developed is going to change the way that people manage their payment and procurement capability which will lead to better working capital and credit management,” Radley said. “It’s something that will aid CFOs in their drive to improved corporate performance.”
Invapay believes traditional ways of working with suppliers is outdated and organisations can access major benefits by adapting their supplier and payment model.
“Procurement and finance departments have been forced to manage their operations according to established working practices,” Radley added “What Invapay has done is look at the supply chain end to end and developed something which helps everyone involved. The system is adaptable and existing customers have seen big benefits.”
Invapay has created an efficient payment and procurement ecosystem which helps CFOs gain greater control over cash management requirements. The solution features automated invoice reconciliation, full transactional detail to maximise VAT reclaim, scheme or closed loop payment facilities and a cash and credit management capability, and can be rapidly deployed with minimal disruption to all businesses.
Invapay has already seen a growing use of its technology by large and mid-sized corporate and government organisations.
Neil Radley has acted as a CEO and CFO of several international businesses including Barclays Bank, Barclaycard and PWC. He has a track record of growing, and turning around, international businesses in retail financial services and the payments sectors.
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