CashFlo Strengthens Finance Automation Dominance with Logitax Acquisition

CashFlo Elevates Offerings with Acquisition of Logitax, Reinforcing Finance Automation Leadership.

In a strategic move aimed at fortifying its position as a leader in finance automation and compliance, CashFlo, India's foremost finance automation and compliance platform, has announced its acquisition of Logitax, an all-in-one GST & E-invoicing Compliance platform. The undisclosed acquisition marks a significant milestone for CashFlo, underscoring its commitment to providing comprehensive solutions to mid- and large corporate enterprises.

The integration of Logitax's compliance suite into CashFlo's portfolio enhances its existing offerings in Accounts Payables automation, Payments & Reconciliations, and Invoice Discounting. By incorporating Logitax's expertise, CashFlo is poised to cater to a broader spectrum of enterprise needs, further solidifying its position as a trusted partner in finance automation.

With the merger of Logitax's entire team, including its leadership, CashFlo is poised to drive innovation and shape the future of finance automation. The combined entity will continue to advance its mission of empowering enterprises with cutting-edge solutions that streamline financial processes and ensure compliance with regulatory requirements.

This strategic acquisition expands CashFlo's portfolio to offer a comprehensive suite of finance automation products, including AP Automation, Payments & Reconciliation, GST filing and reconciliation, Supply Chain Financing, ERP Integrations, e-invoicing, and GST ITC maximization. These innovative solutions empower enterprises to achieve significant savings, with potential EBITDA margin improvement of up to 5 per cent annually.

As CashFlo continues to innovate and evolve, this acquisition reaffirms its dedication to empowering businesses with transformative finance automation solutions, driving efficiency, and fostering growth in the ever-evolving digital economy.