OUR MISSION

PayRecAI delivers AI enabled solutions that also seek to allow Benchmarking against other parties to ensure optimisation for clients across a range of business areas

OUR VISION

Allow any customer to immediately benefit from using our Benchmarking service, with significant additional future value capture based on a closer integration with PayRecAI.

CORE BENEFITS

PROVEN – Founders proven track record in the market place
AI ENABLED – “AI Agents” carry out core functions in line with clients AI policies
OPERATIONAL EFFICENCY – Flexible tool that can address otherwise time consuming areas such as bi lateral claims, billing etc.
CONTROL – Significant control benefits
EASE OF INTEGRATION – Approach 100+ vendor and proprietary systems
SPEED TO MARKET – Up and running in days rather than months / years
UTILITY – Facilitate “Utility” type benchmarking and external/internal processing
WORKFLOW – highlights exceptions to user
EXTENDABLE – Can be applied to all asset types/ rate cards

CAPITAL MARKETS ONLY
REG CAPITAL OPTIMISATION – Reduce Operational Reg Capital Requirements
REGULATORY COMPLIANCE – Adaptable to support regulatory and Tax related requirements

About us

PayRecAI founders previously founded the industry leading receivable / payable Software solutions company in the Capital Markets space.

The founders led this multiple award winning company post it’s acquisition.

PayRecAI’s platform has been developed to deliver benefits across all business areas, including, but not exclusively, Capital Markets.

It includes significantly enhanced “Spend Management” capabilities.

Current sectors supported include:

– Legal spend optimisation

– Consulting spend management and optimisation

– Capital Markets contra revenue identification, management and optimisation

OUR TEAM

Introduction to PayRecAI's experienced leadership team

Kerril Burke

Chief Executive Officer | Co-founder

Worked as founder and CEO of Meritsoft
Expert in Payable/Receivable cash flow insights and optimisation
30+ years of experience

Paul Burke

Chief Information Officer | Co-founder

Worked as founder and CIO of Meritsoft
Developed and implemented software products for Global Capital Market participants including 7 of the top 10
Embedded cross service capability in PayRecAI platform
25+ years of experience

Rohan Chevli

Chief Technology Officer

Lead engineer with more than 15 years of experience in software development
Former lead engineer in Meritsoft, with expertise in C/C++, C#, Java, SQL and multiple development frameworks
15+ years of experience

Jens Gladikowski

Head of Professional Services and implementation

Ensures focus on client requirements
Supports implementation of pilot and actual implementations across SaaS deliveries or on-prem deliveries
Expert in financial sector software delivery with a focus on financial aspects and results as well as ensuring maximum client benefits
25+ years of experience

OUR PRODUCTS

Explore the PayRecAI platform

Interest compensation engine

Our core Interest Compensation engine is the result of 30+ years experience in this area.

Cross product rate repository

This solution is critical in Contra-revenue optimisation. It allows you to digitally record the costs that you are charged for services be they Capital Markets Brokerage or Legal billing etc – facilitating real time comparisons so you get the best value

Capital market optimisation

Supporting both buy side and sell side participants in minimising the cost of executing Derivative transactions, this product consumes data from Clients own rates repository/ repositories or from the PayRecAI’s repository solution

Posting module

This product is one we highly recommend to be deployed in conjunction with all our solutions or on it’s own. It ensures that the real world view is reflected on the firms books and records and removes reliance on people to either fully or partially post manual entries and the inevitable issues that gives rise to.

Payments module

Payments are an essential business activity. The PayRecAI team have been supporting clients in automating payments (with appropriate controls!), for 20+ years.

Analytics and reporting

Show me the money! Our Analytics and reporting capabilities are at the core of what PayRecAI does to identify and deliver Contra Revenue for clients based on optimisation and insights. Contra Revenue includes additional revenue, reduced costs, reduced regulatory capital requirements.

Claim management

Get me the money! Faster! PayRecAI provides the full suite of automation requirements required to manage the multitude of cash flows that arise in Capital Market businesses. These consist of both receivables and payables management across the areas of 1) identification 2) valuation 3) issuance 4) management. Approach is to manage receivable and payable cash flows together.

Brokerage

PayRecAI delivers two solutions in this area that can be combined for a full solution: A) Brokerage receivables management B) Brokerage payables management C) A) and B) combined

Benchmarking (internal / external)

The PayRecAI team believes that there are two levels of opportunity to benchmark: A) Internal – ensure that the rates we are paying across different geographies, and entities are consistent and optimised on the best value B) External – ensure that the rates we are paying across different geographies, and entities are better or equivalent to you’re your peers are paying C) A) and B) combined

Dividend profit and reclaims

DPR is a specialist solution focused on providing the ability for clients to ensure completenesss of Dividend Processing events

Tax Reclaim engine

Automate your Tax reclaims workflow with our modular Tax reclaims product