The B2B finance automation company SnapAP has named four new hires to its senior management team.
The Canadian firm said in a news release on Tuesday (Oct. 26) that the new hires are:
Founded in 2019, SnapAP is a cloud-based purchase-to-payment technology platform designed to help businesses operate more efficiently in areas such as requisitioning, procurement, purchasing, delivery, tracking and payments processing.
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The company says it has more than 50,000 daily users around the world and processes more than $200 million in payments each year.
“Our mission at SnapAP has always been to help finance teams become more efficient,” said JD Drapeau, CEO of SnapAP. “With this investment in growing our team, we’re ready for the next stage as a company, where we can spread our message and help more companies recognize process improvements and real productivity savings.”
SnapAP says it is also adding new product offerings, such as optical character recognition, which leverages cognitive sciences and artificial intelligence (AI) to reduce errors and data issues.
“This allows SnapAP to gain an over 97% confidence rate on data extracts for invoices and receipts, without the need to create templates or data structure,” the company said.