Posted July 21, 2021

Conexiom posts best quarter in history

Conexiom announced that its second-quarter performance was the best quarter in company history.

The provider of document automation solutions achieved record year over year revenue growth and added over 50 new customers to the Conexiom Platform in the quarter. Increased global demand for automating order-to-cash (O2C) and procure-to-pay (P2P) processes has propelled Conexiom to a record-setting 65 percent year-over-year growth through the first half of 2021.

"Manufacturers and distributors are facing unprecedented challenges in delivering the experiences their clients demand. Customer buying behaviors and expectations have changed, forcing business to reassess how they best serve customers without forcing their customers to change," said Ray Grady, president and CEO of Conexiom. "The lingering effects of the pandemic and the damage done to global supply chains are driving the need to automate inefficient processes. The winners are ones who are automating everything they can to free up resources to differentiate the experience they deliver to their customers."

With record-breaking growth for the third consecutive quarter and global demand increasing, Conexiom is experiencing an influx of potential customers looking to automate O2C and P2P as a competitive advantage.

"We used to see customers coming to us primarily to automate sales orders," said Grady, "but now, as these businesses realize the potential enterprise-wide value automation can deliver, we are seeing a significant increase in interest in other critical business processes, specifically supply chain and accounts payable."