DadeSystems offers an enterprise SaaS platform (DadePay) that automates the invoice-to-cash process and reconciles payments and remittances to open invoices using patented technologies and machine learning. Its DadePay suite captures all incoming payment types — cash, checks, ACH, EFT, and credit cards — and includes an ePayment customer portal and a Mobile AR application. The platform integrates with customers’ ERP systems and serves multiple industries, including B2B and C2B. Company leadership says the new investment will support expansion of the DadeSystems product suite and continued technology investment to improve efficiencies for businesses. Wells Fargo Strategic Capital described the investment as support during an important stage of DadeSystems’ lifecycle. The company is based in Miami, Florida. DadeSystems offers DadePay, a SaaS suite that aggregates, analyzes and reconciles remittances for any payment type and channel, and includes an ePayment customer portal and Mobile AR application. The platform uses patented technologies and AI/machine learning to automatically match payments to open invoices and update customers' ERP systems, enabling higher invoice matching and straight-through-processing rates. DadeSystems serves B2B and C2B payments across multiple industries, including distribution, food and beverage, manufacturing, financial services, transportation, wholesale, property management, healthcare, retail, travel and agriculture. The company has expanded reach through partnerships with Fiserv, Deluxe, Fifth Third Bank and Transactis. Proceeds from the recent raise will be used to invest in product and technology and to grow the team, supporting further adoption of DadePay. The company highlights recognition from research firms Celent and Aite. DadeSystems provides an integrated receivables platform centered on its DadePay SaaS suite, which includes AR Automation, an ePayment customer portal, and a Mobile AR application. DadePay AR Automation automatically captures incoming payments (cash, checks, ACH, EFT and credit cards), uses patented technologies and machine learning to match payments to open invoices, and updates companies' ERP systems. The platform electronically transmits checks to the bank for immediate deposit and the mobile app lets field staff capture check images and remittances for immediate processing. DadeSystems serves clients across banking, distribution, food and beverage, manufacturing, transportation, wholesale, property management, health care, retail, travel and agriculture. Led by president and CEO Bill Zayas, the company intends to use new funding to expand product engineering and support efforts. The product suite is offered as a single enterprise solution. DadeSystems offers a SaaS enterprise platform for accounts receivable automation, led by CEO Bill Zayas. Its core products include DadePay AR Automation, which captures incoming payments (cash, checks, ACH, EFT, credit cards), matches them to open invoices using patented technologies, and updates customers' ERP systems. The company also provides an ePayment customer portal and a mobile application that support ACH and credit-card payments, send payment notifications, and allow capture and electronic transmission of check images and remittances. DadeSystems serves multiple industries including distribution, food and beverage, manufacturing, financial services, transportation, wholesale, property management, healthcare, retail, travel and agriculture. The company secured $2M in funding to accelerate engineering and product enhancements. It plans to use the proceeds to expand the sales team, digital marketing, and client services.

Total raised

$11M

Funding rounds

4

Latest round

Series D

Latest activity

Nov 2019