Panax gives our finance team real-time visibility of all the cash and investment balances in one place.
Moreover, the categories in Panax help us keep track of the cashflow and follow trends/unusual events.
The software integrated with our different bank accounts and ERP system in no-time.
The software is really easy to use and anyone without a technological orientation can easily master it.
The software is being built and developed all the time. There were some features missing at the beginning of our work but the CX team was very attentive to our needs and a lot of our feature requests were implemented in the software.
Panax concentrates all of our cash and investment balances in one place which saves time entering multiple websites.
Moreover, the software enables us to keep track of our inflows and outflows in an output that aligns with our P&L. This allows us to find out trends/unusual events and respond in real-time.
As the head of finance, it's crucial to have strong visibility of both accounting and cash views. Previously, we spent valuable time reconciling and explaining the differences between our financial statements and cash statements to our board and management team. Panax bridged this gap, simplifying the process and making it easier to plan cash flows and optimize free cash flow investments.
While integration with ERP and retroactive classifications could take time, the Panax team has done magnificent work to finish it in less than two weeks.
Panax provides great visibility of current cash position and talented account managers with strong financial understanding! It is solving many problems for us - Manual work, Bookkeeping time management, Banks visibility, Cash policy alerts and cash management decisions.
The platform's smart reporting provides a new level of financial clarity. The initial setup process was a bit complex but we got much help from the team. Panax has empowered us with proactive cash management and helped us significantly increase interest income (much less idle cash).
The proactive alerts are great, really help us be on top of everything and make efficient decisions without worrying about missing anything. Also, their customer support is amazing - one of our banks disconnected and they reached out to let us know and walked us through reconnecting everything. It's streamlined our reporting processes, allowing for more timely and informed decisions.
The real-time cash flow visibility and the simplicity of the setup were remarkable. Implementation easier than expected
