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Panax

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Last updated on

Company health

Employee growth
40% increase in the last year
Web traffic
65% increase in the last quarter
Financing
November 2023 - $16M

Ratings

G2
4.9/5
(10)

Panax description

Panax is a cloud-based treasury and cash flow management software designed for growing businesses. It provides real-time visibility into all your bank accounts and financial data in one place, helping you control cash flow, optimize liquidity, and make better financial decisions. Panax uses AI to automate tasks like bank reconciliation, cash flow forecasting, and transaction categorization. It integrates with over 10,000 banks, ERPs, and cash platforms.


Who is Panax best for

Panax is ideal for growing businesses that want to streamline treasury and better control cash flow. We've noticed it's particularly effective for companies that want to automate bank reconciliation, cash flow forecasting, and transaction categorization. Based on the reviews, users appreciate the real-time visibility and AI-driven insights it provides.

  • Great for mid-sized firms (100-1,000 employees) seeking better control and forecasting of their cash flow.

  • We find it's a particularly good fit for companies in finance, banking, and insurance to streamline treasury.


Panax features

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Liquidity snapshot: Provides a real-time overview of your cash position, allowing you to make informed decisions.

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Bank reconciliation: Automates bank reconciliation, saving you time and reducing errors.

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Cash reports: Generates comprehensive cash reports, providing valuable insights into your cash flow.

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AI forecast: Uses AI to forecast your future cash position, helping you anticipate potential shortfalls or surpluses.

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Connectivity: Provides seamless connectivity for your cash management needs.

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Proactive insights: Offers proactive insights into your cash flow.

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Security: Adheres to industry-leading security standards to protect your financial data.

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Panax AI: Provides automated, AI-driven business insights to help you make better decisions.


Panax alternatives

  • Logo of Kyriba
    Kyriba
    Real-time treasury management for smarter cash decisions.
    Read more
  • Logo of Tesorio
    Tesorio
    Automates cash flow, collections, and forecasting for smarter finance.
    Read more
  • Logo of Coupa
    Coupa
    Business spend management platform for saving money and boosting efficiency.
    Read more
  • Logo of Agicap
    Agicap
    Real-time cash flow insights for smarter business decisions.
    Read more
  • Logo of Jirav
    Jirav
    Financial planning and analysis platform. Automated reports, insightful dashboards.
    Read more
  • Logo of Asana
    Asana
    Teamwork, projects, and tasks organized in one shared space.
    Read more

Panax FAQ

  • What is Panax and what does Panax do?

    Panax is a cloud-based treasury and cash flow management software. We find that it's particularly helpful for growing businesses needing real-time financial data visibility. It uses AI to automate tasks like bank reconciliation and cash flow forecasting, and integrates with numerous banks and platforms.

  • How does Panax integrate with other tools?

    Panax integrates with over 10,000 banks, ERPs, and cash platforms, providing seamless connectivity for your cash management needs. This broad integration capability ensures data flows smoothly between your existing systems and Panax.

  • What the main competitors of Panax?

    We find Kyriba, Tesorio, Coupa, Agicap, and Jirav are the main competitors to Panax. They offer similar treasury and cash flow management features, often with a focus on automation and real-time insights.

  • Is Panax legit?

    Panax appears to be a legitimate company. They show significant website traffic and employee growth, plus they have positive reviews on G2. We find that their focus on AI-driven cash management is particularly interesting for growing businesses.

  • How much does Panax cost?

    I am sorry, but we do not have pricing information for Panax. We recommend checking their website or contacting their sales team for the latest pricing details.

  • Is Panax customer service good?

    We find that Panax users praise the customer support team's responsiveness and helpfulness, particularly with technical issues like bank disconnections and software integrations. Users also appreciate the team's willingness to implement feature requests.


Reviewed by

MK
Michal Kaczor
CEO at Gralio

Michal has worked at startups for many years and writes about topics relating to software selection and IT management. As a former consultant for Bain, a business advisory company, he also knows how to understand needs of any business and find solutions to its problems.

TT
Tymon Terlikiewicz
CTO at Gralio

Tymon is a seasoned CTO who loves finding the perfect tools for any task. He recently headed up the tech department at Batmaid, a well-known Swiss company, where he managed about 60 software purchases, including CX, HR, Payroll, Marketing automation and various developer tools.

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