Flywire Acquires Invoiced to Bolster its Global B2B Payment Network with Award-winning Accounts Receivable SaaS Platform
Flywire (Nasdaq: FLYW) has acquired Invoiced, a SaaS platform for B2B finance teams to automate the order-to-cash process. This acquisition aims to enhance Flywire's B2B payments business by expanding its software suite for global clients. Invoiced's platform manages invoices, communicates with payers, and reconciles payments to ERP systems, integrating with leading accounting systems like Oracle's NetSuite and Microsoft Business Dynamics.
The combination of Invoiced's A/R automation software with Flywire's global payment network is expected to provide a full-suite software and payments solution for the B2B industry. Flywire estimates its target B2B segment to be responsible for approximately $10 trillion in global payment volume. The acquisition is projected to add about $2M of revenue with software-like gross margins in FY 2024.
Flywire (Nasdaq: FLYW) ha acquisito Invoiced, una piattaforma SaaS per i team finanziari B2B per automatizzare il processo order-to-cash. Questa acquisizione mira a potenziare il business dei pagamenti B2B di Flywire espandendo la sua suite software per clienti globali. La piattaforma di Invoiced gestisce le fatture, comunica con i pagatori e riconcilia i pagamenti con i sistemi ERP, integrandosi con principali sistemi contabili come NetSuite di Oracle e Microsoft Business Dynamics.
La combinazione del software di automazione A/R di Invoiced con la rete di pagamenti globali di Flywire si prevede fornisca una soluzione software e pagamenti completa per l'industria B2B. Flywire stima che il suo segmento B2B target rappresenti circa $10 trilioni di volume di pagamenti globali. Si prevede che l'acquisizione aggiunga circa $2M di ricavi con margini lordi simili a quelli software nell' anno fiscale 2024.
Flywire (Nasdaq: FLYW) ha adquirido Invoiced, una plataforma SaaS para equipos de finanzas B2B que automatiza el proceso de order-to-cash. Esta adquisición tiene como objetivo mejorar el negocio de pagos B2B de Flywire ampliando su suite de software para clientes globales. La plataforma de Invoiced gestiona facturas, se comunica con los pagadores y reconcilia pagos con sistemas ERP, integrándose con sistemas contables líderes como NetSuite de Oracle y Microsoft Business Dynamics.
Se espera que la combinación del software de automatización A/R de Invoiced con la red de pagos global de Flywire proporcione una solución completa de software y pagos para la industria B2B. Flywire estima que su segmento B2B objetivo es responsable de aproximadamente $10 billones en volumen de pagos globales. Se proyecta que la adquisición agregue alrededor de $2M de ingresos con márgenes brutos similares a software en el año fiscal 2024.
플라이와이어(Flywire)(NASDAQ: FLYW)는 인보이스(Invoiced)를 인수했습니다. 인보이스는 B2B 재무팀이 주문에서 현금으로의 프로세스를 자동화할 수 있도록 하는 SaaS 플랫폼입니다. 이번 인수는 플라이와이어의 B2B 결제 비즈니스를 강화하기 위해 글로벌 고객을 위한 소프트웨어 제품군을 확장하는 것을 목표로 하고 있습니다. 인보이스 플랫폼은 송장 관리, 지불자와의 커뮤니케이션, ERP 시스템과의 결제 조정을 수행하며, 오라클의 넷수트(NetSuite) 및 마이크로소프트 비즈니스 다이나믹스(Microsoft Business Dynamics)와 같은 주요 회계 시스템과 통합됩니다.
인보이스의 A/R 자동화 소프트웨어와 플라이와이어의 글로벌 결제 네트워크의 조합은 B2B 산업을 위한 완벽한 소프트웨어 및 결제 솔루션을 제공할 것으로 예상됩니다. 플라이와이어는 목표로 하는 B2B 세그먼트가 전 세계 결제량의 약 $10조를 차지하고 있다고 추정하고 있습니다. 이번 인수가 2024 회계연도에 $2M의 매출을 추가할 것으로 예상됩니다.
Flywire (Nasdaq: FLYW) a acquis Invoiced, une plateforme SaaS pour les équipes financières B2B automatisant le processus order-to-cash. Cette acquisition vise à renforcer l'activité de paiements B2B de Flywire en élargissant sa suite logicielle pour les clients internationaux. La plateforme d'Invoiced gère les factures, communique avec les débiteurs et réconcilie les paiements avec les systèmes ERP, s'intégrant avec des systèmes comptables de premier plan tels que NetSuite d'Oracle et Microsoft Business Dynamics.
On s'attend à ce que la combinaison du logiciel d'automatisation A/R d'Invoiced avec le réseau de paiements mondiaux de Flywire offre une solution complète de logiciels et de paiements pour le secteur B2B. Flywire estime que son segment B2B cible représente environ $10 trillions de volume de paiements mondiaux. On prévoit que l'acquisition ajoutera environ $2M de revenus avec des marges brutes semblables à celles du logiciel pour l'exercice fiscal 2024.
Flywire (Nasdaq: FLYW) hat Invoiced übernommen, eine SaaS-Plattform für B2B-Finanzteams, die den Order-to-Cash-Prozess automatisiert. Diese Übernahme zielt darauf ab, das B2B-Zahlungsgeschäft von Flywire zu stärken, indem die Software-Suite für globale Kunden erweitert wird. Die Plattform von Invoiced verwaltet Rechnungen, kommuniziert mit Zahlern und stimmt Zahlungen mit ERP-Systemen ab, und integriert sich mit führenden Buchhaltungssystemen wie Oracle's NetSuite und Microsoft Business Dynamics.
Die Kombination der A/R-Automatisierungssoftware von Invoiced mit dem globalen Zahlungsnetzwerk von Flywire wird voraussichtlich eine komplette Software- und Zahlungslösung für die B2B-Branche bieten. Flywire schätzt, dass sein anvisierter B2B-Sektor für etwa $10 Billionen im globalen Zahlungsvolumen verantwortlich ist. Es wird prognostiziert, dass die Übernahme etwa $2M an Umsatz mit Software-ähnlichen Bruttomargen im Geschäftsjahr 2024 hinzufügen wird.
- Acquisition enhances Flywire's B2B payments solution with A/R automation software
- Expands customer footprint across a diversified client base
- Opportunity to monetize several billion dollars of invoicing volume managed by Invoiced
- Invoiced named #1 2024 A/R Automation Software by G2 Crowd
- Expected to add $2M of revenue with software-like gross margins in FY 2024
- Majority of Invoiced's Adjusted EBITDA margin dollars to be reinvested, potentially impacting short-term profitability
Insights
Flywire's acquisition of Invoiced is a strategic move to strengthen its B2B payments solution. This deal enhances Flywire's software capabilities and expands its customer base, potentially accelerating growth in the $10 trillion global B2B payment market. The acquisition is expected to add
While the immediate financial impact seems modest, the long-term potential is significant. Invoiced's platform manages several billion dollars in invoicing volume annually, presenting a substantial monetization opportunity for Flywire. The company's decision to reinvest most of the margin dollars suggests a focus on long-term growth over short-term profitability.
Investors should monitor how effectively Flywire integrates Invoiced and leverages cross-selling opportunities to drive revenue growth and market share in the rapidly expanding A/R automation market, projected to reach
The acquisition of Invoiced significantly enhances Flywire's technological capabilities in the B2B payments space. Invoiced's SaaS platform for A/R automation complements Flywire's global payment network, creating a comprehensive order-to-cash solution. This integration addresses a critical pain point for mid-market companies struggling with manual A/R processes.
Key technological advantages include:
- Deep integrations with major ERPs like Oracle NetSuite and Microsoft Dynamics
- Automated invoice management and payment reconciliation
- Seamless connection to Flywire's global payment infrastructure
The Accounts Receivable Automation market is experiencing robust growth, with a projected CAGR of
Key market drivers include:
- Digital transformation initiatives in finance departments
- Growing complexity in cross-border transactions
- Increasing regulatory compliance requirements
Invoiced augments Flywire’s B2B payments solution with workflow automation software purpose-built for mid-market companies to streamline the entire Accounts Receivables (A/R) process
Acquisition extends Flywire’s customer footprint across a diversified customer base and accelerates company’s investment in software and payments innovation for B2B industry
Flywire gains the opportunity to monetize several billion dollars of domestic and international invoicing volume that is managed annually by the Invoiced platform
BOSTON, Aug. 06, 2024 (GLOBE NEWSWIRE) -- Today, Flywire Corporation (Flywire) (Nasdaq: FLYW) a global payments enablement and software company, announced that it has acquired Invoiced, a SaaS platform that enables B2B finance teams and the “Office of the CFO” to automate the critical order-to-cash process. The acquisition is expected to build on Flywire’s existing B2B payments business by enhancing the software suite it provides to its global clients and target segments. Flywire plans to expand on Invoiced’s successful track record of providing invoicing software to a diversified client base across industries and geographies, and reinforces its commitment to powering software and payments to its target B2B segment, which Flywire estimates to be responsible for approximately
Invoiced’s SaaS platform empowers B2B finance teams to automate A/R processes by managing invoices, communicating with payers, and reconciling payments to their Enterprise Resource Planning (ERP) systems. Invoiced does this through deep integrations with leading accounting systems and ERPs, including Oracle’s NetSuite, Sage Intacct, and Microsoft Business Dynamics. With a diversified global client base, Invoiced has a successful track record of delivering mission-critical software, having recently been named the #1 2024 A/R Automation Software by G2 Crowd. The combination of Invoiced’s A/R automation software with Flywire’s proprietary global payment network - which supports diverse payment methods in more than 140 currencies across 240 countries and territories around the world - is expected to provide the B2B payments industry with a combined full-suite software and payments solution that streamlines workflows for finance departments.
“We seek M&A opportunities that will help us enhance our value proposition and strengthen our financial performance, while underscoring our core thesis that software drives value in payments,” said Mike Massaro, Flywire CEO. “We believe Invoiced is an ideal software complement to our existing B2B payments business. Invoiced will help us significantly accelerate our product roadmap, and its Accounts Receivable product focus has strong alignment with Flywire’s global payment acceptance capabilities.”
Digital transformation efforts drive demand for automated A/R processes
Businesses are increasingly investing in Accounts Receivable (A/R) solutions to improve their financial operations and cash flow management. According to industry research, the global Accounts Receivable Automation revenue market size is estimated to grow from USD 3.3 billion in 2022 to USD 6.5 billion by 2027, at a compound annual growth rate of
Complements strong organic growth
The acquisition of Invoiced is a continuation of Flywire’s long-term plan to supplement its strong organic growth and expand across business lines. Flywire expects Invoiced to add approximately
Resources
- To learn more about Invoiced and to get a demo, please visit: https://www.invoiced.com/
- To learn more about Flywire’s B2B payment network, please visit: https://www.flywire.com/industries/b2b
About Flywire
Flywire is a global payments enablement and software company. We combine our proprietary global payments network, next-gen payments platform and vertical-specific software to deliver the most important and complex payments for our clients and their customers.
Flywire leverages its vertical-specific software and payments technology to deeply embed within the existing A/R workflows for its clients across the education, healthcare and travel vertical markets, as well as in key B2B industries. Flywire also integrates with leading ERP systems, such as NetSuite, so organizations can optimize the payment experience for their customers while eliminating operational challenges.
Flywire supports more than 4,000 clients with diverse payment methods in more than 140 currencies across more than 240 countries and territories around the world. The company is headquartered in Boston, MA, USA with global offices. For more information, visit www.flywire.com. Follow Flywire on X, LinkedIn and Facebook.
Safe Harbor Statement
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements regarding Flywire’s expectations regarding the expected benefits and synergies of the acquisition of Invoiced, the benefits of its third-party invoicing solution, Flywire’s business strategy and plans, market size, growth and trends. Flywire intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by terms such as, but not limited to, “believe,” “may,” “will,” “potentially,” “estimate,” “continue,” “anticipate,” “intend,” “could,” “would,” “project,” “target,” “plan,” “expect,” or the negative of these terms, and similar expressions intended to identify forward-looking statements. Such forward-looking statements are based upon current expectations that involve risks, changes in circumstances, assumptions, and uncertainties. Important factors that could cause actual results to differ materially from those reflected in Flywire's forward-looking statements include, among others, the factors that are described in the "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections of Flywire's Annual Report on Form 10-K for the year ended December 31, 2023, and Quarterly Report on Form 10-Q for the quarter ended March 31, 2024, which are on file with the Securities and Exchange Commission (SEC) and available on the SEC's website at https://www.sec.gov/. Additional factors may be described in those sections of Flywire's Quarterly Report on Form 10-Q for the quarter ended June 30, 2024, expected to be filed with the SEC in the third quarter of 2024. The information in this release is provided only as of the date of this release, and Flywire undertakes no obligation to update any forward-looking statements contained in this release on account of new information, future events, or otherwise, except as required by law.
Contacts
Media Contact:
Sarah King
media@flywire.com
Investor Relations Contact:
ICR
flywireir@icrinc.com
FAQ
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