Irish information management specialist Kefron has signed a new global epartnership in a move that will see the company add 40 jobs and invest €1 million.
Kefron, which specialises in accounts payable automation, has teamed up with cybersecurity expert Exclusive Networks. The company will be able to use Kefron software to reduce manual data entry for processing vendor and supplier invoices.The agreement will see Kefron, which is family owned, provide a cloud-based platform that delivers a snapshot of its accounts payable department to the cybersecurity experts’ global finance team.
Developed by Kefron’s in house team, the platform also benefits from advanced machine learning technology, supported by Kefron’s team of data engineering specialists.
The deal will also help Kefron grow, adding 40 roles in its emerging technology, customer experience and support teams. The company already employs 120 people in Dublin and London, and the new jobs are expected to be created in both locations.
"The new jobs being created will further enhance our capabilities and meet the needs of our global customers," said Paul Kearns, managing director of Kefron. " We are very proud to partner with Exclusive Networks and look forward to working with them."
As a result of the deal, Kefron's AP software will be used in Singapore, Belgium, Denmark and Norway. It is also expected to become available in a further 21 countries in the early part of this year, with further potential for expansion into new markets as Exclusive Networks increases the use of the invoice automation software to every location in which it operates.
"E-invoicing is fast becoming a mandatory requirement in European countries. This means that by law, clients will need to submit documents in specific formats approved by government to do business in that country," said Stephanie Riera, group director of finance and transformation at Exclusive Networks. "Kefron's integration with Oracle NetSuite was also a key factor for us as we have invested in NetSuite to support our global growth."
