Quadient, a company helping businesses create meaningful customer connections through digital and physical channels, has announced that its Accounts Payable (AP) and Accounts Receivable (AR) cloud solutions are experiencing strong dynamics in 2023, mainly fuelled by accelerating go-to-market momentum in the UK.
In the period from February, the start of Quadient's fiscal year, through the end of May, Quadient AP by Beanworks and Quadient AR by YayPay cloud solutions accounted for 27% of all Quadient's new software customers globally, up from 20% in the same period in 2022. New customers of Quadient's AR and AP solutions have come from various industries, including financial services, healthcare, education, hospitality and food and beverage.
The momentum was mainly fuelled by significant progress in the UK, where approximately 20% of new software customers acquired in the first quarter of fiscal 2023 are for Quadient AP and Quadient AR, compared to 3% in the first quarter of fiscal 2022.
This year's recently onboarded customers in the UK include organisations such as Radiant Post, Goldsmiths Student Union, St. Paul's Cathedral, Gartenart and Huntsman. New UK customers of 2023 are already processing over 11,000 invoices per month through Quadient's solutions.
“We are thrilled with the growth of our Quadient AR and Quadient AP solutions, and more particularly with their increasing adoption in the UK. We’re honoured to have been chosen by these new businesses and welcome them to the Quadient community,” says Geoffrey Godet, chief executive officer of Quadient. “Our AI-powered AP and AR cloud solutions help automate and simplify our customers’ financial processes, empowering their finance and accounts teams to make informed decisions, focus on high-level tasks and help them better achieve their business goals. We look forward to nurturing these new relationships and helping them get the best outcome from our complete portfolio of the industry’s most advanced technologies.”
Both Quadient AP and Quadient AR solutions connect to the Quadient Hub. This comprehensive and unified software-as-a-service platform provides a single-entry point into all Quadient Intelligent Communication Automation (ICA) cloud solutions for customer communication management and financial automation.
Quadient AR was listed as a 2022 Technology Leader by analyst firm Quadrant Knowledge Solutions in its SPARKÔ Matrix of the global AR applications market. Additionally, Quadient, for the first time, was recognised by Gartner in its Magic Quadrant for Integrated Invoice-to-Cash Applications for Quadient AR this year.
“Quadient is the driving force behind the world’s most meaningful customer experiences. By focusing on three key solution areas, Intelligent Communication Automation, Parcel Locker Solutions and Mail-Related Solutions, Quadient helps simplify the connection between people and what matters,” adds Godet.
“Quadient is listed in compartment B of Euronext Paris (QDT) and is part of the CAC Mid and Small and EnterNext Tech 40 indices.”