Conexiom Announces B2B Commerce Veteran Ray Grady as President and CEO
Vancouver, British Columbia – February 11, 2020 – Conexiom, the leading provider of sales order and invoice automation solutions, announces the appointment of Ray Grady as President and CEO. Following a record year for Conexiom, Grady will focus on leading the company into its next phase of growth. Brent Halverson, the incumbent President and CEO, will continue to play a key role at Conexiom as Founder, leveraging his deep domain expertise to support the company’s long-term vision.
Grady, who brings more than 20 years of experience in scaling high-growth B2B organizations, is well-positioned to build on Conexiom’s history as a driving force in the industry. Grady comes from Salesforce B2B Commerce, where he held the role of SVP, COO and GM. Previously, Grady was President and COO of CloudCraze, where he led the company through its 2018 acquisition by Salesforce. Grady’s extensive experience also includes roles as SVP and GM of Acquia, one of the fastest-growing SaaS providers in the world, and the co-founder of Acquity Group, which went public in 2012 before being acquired by Accenture Interactive in 2013.
“Brent’s leadership created the path for an altogether new software category that has transformed the way businesses operate. His guidance has been an essential, driving force behind Conexiom’s impressive growth and best-in-class solutions,” says Mark Pierce, Conexiom’s Chairman and Operating Partner at Luminate Capital Partners. “In working together to identify his successor, it was clear that Ray was the right choice. His considerable experience leading enterprise SaaS companies and success guiding high-growth companies like Conexiom will be invaluable.”
Focused on the use of proprietary, AI-powered technology to increase efficiencies in the B2B ordering process, Conexiom’s rapid growth stems from its ability to serve its customers with solutions that connect directly into their ERP systems and provide automation with 100 percent accuracy. The company continues to build on its core technology to better serve manufacturers and distributors, allowing them to increase the speed and accuracy at which they serve customers, while also providing an opportunity to reallocate time from data entry to customer service.
“Conexiom has some of the top minds in SaaS, AI, automation and operational effectiveness — with a laser focus on helping manufacturing and distribution companies be more competitive and more profitable,” said Grady. “Today’s organizations are increasingly challenged by the evolving B2B marketplace, and Conexiom has the solutions they need to thrive. I am thrilled to join Brent and the rest of the Conexiom team to build on the company’s phenomenal achievements to date.”
“Ray Grady’s vision for Conexiom will propel an already best-in-class solution to new heights. I am looking forward to the impact Ray’s expertise will have on Conexiom’s next phase of growth,” said Halverson.
Conexiom® delivers touchless automation associated with the manual processing of purchase orders and other business documents through its AI-enabled automation platform.
Conexiom Announces Sales Order Automation for Salesforce Commerce Cloud
Vancouver, British Columbia, February 4, 2019 – Conexiom today announced it has launched Conexiom Sales Order Automation for Salesforce Commerce Cloud on Salesforce AppExchange, empowering customers to achieve their digital transformation goals and increase productivity.
Built on Salesforce Commerce Cloud, Conexiom Sales Order Automation is currently available on AppExchange.
Conexiom Sales Order Automation
The partnership will allow manufacturers and distribution companies to further transform and accelerate B2B sales. The solution allows companies who receive emailed POs to have their orders automatically created in Commerce Cloud through its integration with Conexiom Sales Order Automation.
It delivers an enhanced customer buying experience on the front-end, and touchless, accurate orders delivered directly into Commerce Cloud. Order data on the PO including part numbers, pricing, lead time, and addresses can be looked up in Commerce Cloud before a valid order is created. Exceptions or orders requiring validation will automatically create a case in Salesforce and automatically notify the buyer to review and approve changes in Conexiom.
Comments on the News
“Our customers sell directly to consumers and to other businesses, often requiring a suite of integrations,” said Mike Micucci, CEO, Salesforce Commerce Cloud. “With Conexiom, our customers will be able to quickly integrate automating the entry of emailed purchase orders with Commerce Cloud to quickly go to market with an end-to-end commerce solution.”
Larry Hunt, Vice President Customer Solutions at Nexeo Plastics remarks on the integration, “We believe the power of Conexiom integrated with Commerce Cloud will allow Nexeo’s customers to buy the way they want to buy, give us complete order and customer visibility, and further advance our goal of touchless B2B orders.”
About Salesforce AppExchange
Salesforce AppExchange, the world’s leading enterprise cloud marketplace, empowers companies to sell, service, market and engage in entirely new ways. With more than 5,000 listings, 7 million customer installs and 90,000 peer reviews, it is the most comprehensive source of cloud, mobile, social, IoT, analytics and artificial intelligence technologies for businesses.
Conexiom Shortlisted for 2018 SaaS Awards
Vancouver, BC – August 3 2018 – Conexiom is a finalist in the 2018 SaaS Awards Program in the category for Best SaaS Product for Productivity.
With awards for excellence and innovation in SaaS, the Software-as-a-Service Awards program accepts entries worldwide, including the US, Canada, Australasia, UK and EMEA. The SaaS Awards program is now in its third year of recognizing and celebrating innovation in software.
Categories for Best Enterprise-Level Product, Best Product for Small Business, Best for Product for Productivity and Best Data-Driven Product also include non-US categories to highlight the growing number of international innovators in the cloud space.
Earl van As, VP of Marketing & Product Management said: “For Conexiom to be shortlisted in the Best Product for Productivity is clear evidence of our innovation and successes in the global marketplace for SaaS-based solutions.”
SaaS Awards and Cloud Awards organizer Larry Johnson said: “In our third year promoting SaaS exclusively alongside its sister awards program, the long-running Cloud Awards, we have seen a huge variety of submissions from the US joining those from Canada, Europe, Australia and the East – from organizations whose turnovers rank the highest in the world, to innovative not-for-profits seeking to provide essential productivity tools to their users.
“All entrants demonstrated considerable commitment to innovation in software solutions, and to make the shortlist itself is a huge achievement. With such a concentrated level of success in the shortlist, our judges have a significant task ahead of them to arrive at our final award winners.”
Final SaaS Awards winners will be announced on Tuesday 28 August 2018 and the program will return in Spring 2019. Over 300 organizations entered, with international entries coming from North America, Canada, Australia, UK, Europe and the Middle East. To view the full shortlist, please visit: https://www.cloud-awards.com/2018-saas-shortlist/
Conexiom and Luminate Capital Partners Announce Strategic Growth Investment
VANCOUVER, BC and SAN FRANCISCO, CA, March 14, 2018 – Conexiom, the leading provider of cloud-based supply chain document automation software solutions, announced today that Luminate Capital Partners has invested in the company in support of its global growth strategy.
Conexiom’s software automates the processing of supply chain documents with 100% accuracy. Customer service and inside sales teams rely on Conexiom to capture purchase orders, pricing agreements, invoices and other key documents, and transform them into an electronic format that can be delivered directly into their organization’s ERP system, eliminating manual entry. Leading enterprises, including 10 of the top 25 distributors in North America, have chosen Conexiom to optimize their supply chain processes, enabling them to provide industry leading customer service and focus internal resources on value generating activities.
“We have driven our success to date by focusing on the North American wholesale distribution and manufacturing markets,” says Brent Halverson, CEO of Conexiom. “With a partner like Luminate Capital, we can now more quickly drive customer adoption in the manufacturing and distribution markets, expand geographically, and move into other verticals with similar business profiles. Luminate’s deep experience partnering with leading software companies to drive growth will be invaluable as we continue to scale.”
“We are delighted to partner with Brent and the Conexiom team to support their continued growth and product innovation. Conexiom provides a mission critical solution used by industry leading organizations to eliminate labor intensive and error prone supply chain processes. We believe there is an immense market opportunity for this solution,” says Hollie Haynes, Founder and Managing Partner at Luminate.
In connection with the investment, Hollie Haynes, Mark Pierce, Scott Kingsfield, David Ulrich, and Sanjay Palakshappa from Luminate will join Conexiom’s Board of Directors.
Financial terms of the transaction were not disclosed. Kirkland & Ellis, LLP and Blake, Cassels & Graydon LLP served as legal advisors to Luminate. Conexiom was advised by DCS Advisory and Harper Grey LLP.
Conexiom revolutionizes critical sales and accounting business practices by automating manual data entry with 100% accuracy. Conexiom fully automates the processing of purchase orders, supplier invoices and other key documents enabling companies to focus on driving growth, serving customers and managing supplier relationships instead of manually entering data. For more information, visit conexiom.com
Conexiom Joins Affiliated Distributors as an Authorized Service Provider
Vancouver, British Columbia – August 22, 2017 – ecmarket, creator of Conexiom Sales Order and Invoice Automation, is excited to announce its membership with AD, a dynamic community of independent distributors and manufacturers of construction and industrial products. This partnership will provide enhanced support and resources to help accelerate growth for both Conexiom and member businesses. As an AD Service Provider, Conexiom will be an authorized supplier of order-to-cash and procure-to-pay automation solutions. Stan Haas, Chief Operating Officer of AD said, “We are excited about the addition of Conexiom as an AD Service Provider. Conexiom offers our members a unique solution that can provide them a competitive edge in their industry.”
“We are very pleased to become an automation solution vendor for the AD network,” says Brent Halverson, President & CEO of ecmarket, creator of Conexiom. “Conexiom aims to solve competitive business goals for wholesale distributors and manufacturers such as maintaining a high level of customer service while processing orders with 100% accuracy. Some of AD’s existing members have already experienced enormous returns using Conexiom, and we are excited to be able to provide the solution to other AD members.”
Conexiom revolutionizes sales and accounts payable document processing by eliminating the time-consuming manual components. Its unique 100% data accurate automation solution transforms the way distributors and manufacturers do business. Conexiom enables greater efficiency by eliminating the need to manually enter faxed or emailed customer orders and supplier invoices, while preventing costly keying errors, reducing transactional costs, and accelerating order and purchase-to-pay cycle times.
Digitally transforming operational efficiencies can deliver some of the biggest returns on investment. For distributors and manufacturers, manually keying in documents like purchase orders or accounts payable invoices wastes considerable time and offers no incremental value to their business. Conexiom helps organizations across the globe maintain a competitive edge.
Conexiom Selected as a 2017 Great Supply Chain Partner
VANCOUVER, BRITISH COLUMBIA – July 11, 2017 – ecmarket, creators of Conexiom Sales Order and Invoice Automation, announced today that they have been named as one of SupplyChainBrain’s 2017 100 Great Supply Chain Partners for their Sales Order Automation solution for the second year in a row. Now in its 15th consecutive year, the 100 Great Supply Chain Partners list spotlights a select group of suppliers nominated by customers who recognize them as outstanding solution providers.
Edwards Garment, a leading wholesaler of uniforms and career apparel with over 100 staff and a heritage that goes back over 150 years, nominated Conexiom Sales Order Automation for its ability to automatically process POs, removing as much manual data entry as possible. With over 500 orders a day coming in via email and fax alone and even more coming in through their e-commerce website, Edwards was seeking ways to maintain their high level of customer service while processing orders with 100% accuracy and shipping within twenty-four hours’ notice. Conexiom Sales Order Automation helped Edwards achieve this objective, while providing additional benefits. The solution accelerated Edwards’ order-to-cash cycle and automated data entry of a meaningful percentage of their 500+ email orders/day. It freed up hundreds of hours for customer service representatives (CSRs) to focus on serving customers and building meaningful relationships with their clientele. The benefits extended to Edwards’ customers, as they could secure inventory as soon as POs were processed, without delays resulting from manual entry errors.
“We selected Conexiom to improve the business process for both our customers and CSRs. Even before we signed the contract, we were very impressed by Conexiom’s clear understanding of our industry and our own business processes,” says Bob Wallis, Vice President of Information Technology, Edwards Garment. “With Conexiom, we met the operational benefits of EDI, without needing our customers to implement EDI. We were able to have our cake and eat it too!”
“We are honored to be recognized as a supply chain innovator for our work with Edwards Garment,” says Brent Halverson, President & CEO of ecmarket, creator of Conexiom. “Conexiom aims to solve competitive business goals such as maintaining a high level of customer service while processing orders with 100% accuracy and shipping within one day.”
View the complete SupplyChainBrain 100 Great Supply Chain Partners of 2017 list here.
Conexiom Invoice Automation Named one of SupplyChainBrain’s 100 Great Supply Chain Partners for 2016
VANCOUVER, BRITISH COLUMBIA (July 12, 2016) – ecmarket, creators of Conexiom Sales Order and Invoice Automation, announced today that they have been selected as one of SupplyChainBrain’s 2016 100 Great Supply Chain Partners for their invoice automation solution. The 100 Great Supply Chain Partners features a select group of companies nominated by customers for their exceptional solutions which have provided a positive impact on their business processes.
CAPP/USA, a leading supplier of process instrumentation controls, HVAC, and electrical and flame safeguard controls, nominated Conexiom Invoice Automation for its ability to capture critical data from computer-generated invoices and automatically process them into their existing financial system with 100% accuracy and zero manual intervention. With 1.8 million products to stock and partnerships with vendors across the globe, CAPP/USA’s AP department previously faced hours of overtime to reconcile hundreds of invoices daily, leading to significant operational expenses, slow processing times, and costly errors. With manual entry no longer required, CAPP/USA has dramatically reduced the time it takes to process invoices from hours to mere seconds, eliminated manual reconciliations, reduced the work load for their AP staff, and decreased stress levels overall.
“The experience of working with the entire Conexiom team has been an absolute pleasure,” says Elizabeth ‘Sis’ Richardt, Operations Manager at CAPP/USA. “We highly recommend their solution because it’s the total package. It’s undeniably more accurate and faster, while removing the tedious manual tasks from our AP team to make their lives easier. Our suppliers are pleased with the move to automation and our vendor relationships are stronger than ever. Internally we’ve never been more efficient and it’s very exciting.”
“With Conexiom, we are driven to provide our customers with a solution that helps them succeed as a business,” says Brent Halverson, CEO of ecmarket, creators of Conexiom. “It is gratifying to have our efforts recognized by our customer, CAPP/USA, and by SupplyChainBrain. It is this kind of acknowledgment that confirms we’re on the right path and motivates us to continue to provide innovative solutions for the supply chain industry.”
To view the SupplyChainBrain 100 Great Supply Chain Partners 2016, please visit here.
Conexiom Selected as Supply and Demand Chain Executive’s 100 Top Supply Chain Projects
VANCOUVER, BRITISH COLUMBIA (June 28, 2016) – ecmarket, creators of Conexiom Sales Order and Invoice Automation, has been named one of Supply and Demand Chain Executive’s 100 (SDCE 100) Top Supply Chain Projects for 2016 for their accounts payable (AP) invoice automation solution and its positive business impact on CAPP/USA. CAPP/USA is a leading supplier of process instrumentation controls, HVAC, and electrical and flame safeguard controls that recently implemented Conexiom Invoice Automation to streamline manual processing of vendor invoices. The SDCE 100, an annual list of the top 100 supply chain projects, will act as a guide for supply chain executives when seeking improvements in their business operations.
“Having effective and efficient operations in the supply chain industry is critical in today’s highly competitive landscape,” says Brent Halverson, President & CEO of ecmarket, creator of Conexiom. “We are honored to be recognized as a trailblazer in supply chain technology. At Conexiom, we strive to develop cutting-edge solutions that solve our customers’ challenges.”
Conexiom Invoice Automation automatically converts incoming emailed AP invoices into payable postings in ERP or financial systems with 100% accuracy. The solution has been recognized for assisting CAPP/USA to revolutionize their AP accounting process, increasing its efficiency and substantially cutting costs by allowing them to process invoices accurately in minutes.
“By minimizing human intervention, we’ve increased processing speeds while ensuring total accuracy. We’ve achieved our goal to get invoices in faster, as well as reducing the AP team’s stress levels. It’s a big win,” says Elizabeth ‘Sis’ Richardt, Operations Manager at CAPP/USA. “We congratulate Conexiom on their well-earned win and for assisting us with obtaining a competitive advantage.”
To view the SDCE 100 list please visit here.
ecmarket Launches New Invoice Automation Solution
VANCOUVER, BRITISH COLUMBIA (September 22, 2015) – ecmarket, creator of cloud-based Conexiom Sales Order Automation, has unveiled its latest document automation solution, Conexiom Invoice Automation. The solution addresses common challenges for manufacturers and distributors aiming to improve inefficiencies within their accounts payable (AP) departments. Conexiom Invoice Automation captures critical information from incoming faxed and emailed vendor invoices and automatically transforms it into the existing financial or ERP system with 100% data accuracy. Conexiom eliminates the bottleneck of AP staff burdened with manual data entry, coding, matching, and verifying invoices, thereby reducing processing times to minutes, while also lowering the costs and errors associated with manual entry.
“To maintain solid relationships with vendors and suppliers, companies are facing immense pressure to process payments accurately and at a much faster pace than ever,” states Brent Halverson, CEO of ecmarket. “Our solution takes the load off AP professionals so they can focus their attention on the very important task of receiving and delivering payments – an essential function for all businesses.”
Conexiom customers report faster payment processing speeds, higher accuracy, prevention of duplicate payments, lower transaction costs, better visibility and greater overall productivity.
“We highly recommend Conexiom because it’s the total package. Conexiom has significantly reduced the cost of processing vendor invoices, which ultimately makes us more profitable. As an added benefit, not only does automation provide instant visibility the moment we receive an invoice, but its accelerated processing speeds ensure we maximize our early payment incentives. Our suppliers are thrilled and our staff is too!” said Elizabeth “Sis” Richardt, Operations Manager at CAPP/USA.
Conexiom uses patent-pending intellectual property to ensure that data is captured and transformed accurately. It does not use Optical Character Recognition (OCR) to estimate data due to reliability issues. The technology is based on mapping what is on each supplier’s invoice format along with automating business rules regarding how that data should be mapped into the financial system. Conexiom works in conjunction with accounts payable during the initial setup and configuration, so that detailed business rules can be defined, captured, and incorporated into the mapping.