Your company cash flow may be complex, but we make your reporting simple. View your cash data in easily digestible reports, designed to give you the overall picture.
Understand the details with Panax’s reports. Double click to get more information into a specific inflow and outflow for in-depth cash reporting. Go deeper into the data, on the entity or category level, for additional insights.
Easily create and share cash reports with individual teams and with management, for improved compliance and financial insights.
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Our pricing is designed to be transparent and scalable. Its a yearly contract that depends upon the number of banks, platforms and ERPs you want to connect to, and the complexity of those connections
Onboarding depends upon the number of connections we need to make and their complexity. Generally onboarding can be completed between a couple of weeks to a couple of months.
Panax supports multiple connection methods including API/SWIFT and bespoke connection methods tailored to the specific bank and customer.
Panax connects to almost every ERP but is optimized for easier integration to connect to Netsuite, Microsoft Dynamics, Priority and Sage Intacct. You can read more on our connectivity page. Panax can also categorize automatically even without ERP data.
We just require the client to introduce us to the bank or platform and to submit any necessary documentation to grant us access.
Panax has a dedicated resource for managing all customer questions and issues, and is committed to responding to all questions within 24 hours.
Panax uses the data from your ERP, your previous transaction history and AI algorithms to help you work smarter and more efficiently.
Panax’s AI-powered platform intelligently categorizes transactions and matches AR reconciliation. It also uses AI for easy and accurate cash forecasting.
Basically, all of them. Panax connects to over 10k global banks, you can check with us about a specific bank for compatibility. Panax also connects to cash platforms, including AirWallex, Paypal, Stripe, MESH and Payoneer.
Panax's cash positioning feature consolidates data from global bank accounts and payment wallets, giving a full snapshot of available cash. This centralized view allows you to make informed decisions on cash movements, investments, and loans.
Panax provides notifications within the platform, as well as an easy to use dashboard to keep your finger on the pulse. You can also set up daily email reports, so you don’t miss out, even if you are out of office.
The generated payments in Panax, following review and approval, are automatically posted in the ERP, so your ledgers are up to date.
Some of the reports shown in Panax include your cash bridge, historical balance, direct cash report, cash trends and collections reports. Cash reports can be exported in various formats, such as Excel or PDF, allowing easy sharing and further analysis.
The forecasting feature helps predict future cash flows based on historical data, trends, and seasonal patterns. This enables better planning and informed decision-making by anticipating cash needs or surpluses.
Panax uses AI algorithms, ERP data and rules to categorize transactions based on descriptions, vendors, and previous classifications. You can also adjust categories or create custom rules to enhance accuracy.
Panax provides real-time or end of day updates, depending on the integration setup with banks and financial institutions, ensuring that you have up-to-date information for accurate decision-making. Panax also allows you to see when the data was last updated, directly in the platform.
Yes. Panax is built to take advantage of AI, but to give the finance team final approval over all work done by the system.
Yes, Panax’s proactive alerts can be set for high or low cash thresholds, reducing emergency low cash situations.
Panax automates cash application by matching collections with open invoices based on pre-defined rules as well as AI algorithms, such as invoice number, amount, and customer details. Automated matching reduces manual work and minimizes errors.
Users can drill down into cash reports for transaction-level details, account specifics, and categorized summaries to get both high-level and granular insights.
Panax uses a combination of historical transaction data from your ERP, user-defined assumptions, and AI algorithms to generate accurate cash flow forecasts. These can be customized based on specific timeframes or scenarios.
Yes, Panax allows you to create custom subcategories, ensuring that your transaction data aligns with your unique reporting and financial analysis requirements.
Basically, all of them. Panax connects to over 10k global banks, you can check with us about a specific bank for compatibility. Panax also connects to cash platforms, including AirWallex, Paypal, Stripe, MESH and Payoneer.
Panax connects to almost every ERP but is optimized for easier integration to connect to Netsuite, Microsoft Dynamics, Priority, Sage Intacct and Quickbooks. You can read more on our connectivity page. Panax can also categorize automatically even without ERP data.
Panax handles your bank connectivity setup to make it super simple, including API connections as well as traditional and advanced connectivity methods. You are typically ready to go within just a couple of weeks, depending on the number of bank accounts and platforms.
Panax connects to over 10k banks, cash platforms and ERPs. You can check the connectivity page for more information.
Yes, it’s super easy to set up compliance policies within Panax. Our platform helps cash and treasury teams to sleep better at night.
Cash application in Panax refers to the process of generating payments by matching collections with outstanding customer invoices, ensuring accurate and timely application of cash to reduce days sales outstanding (DSO) and improve cash flow visibility.
Yes, users can customize cash reports to focus on specific accounts, transaction types, or time periods. Custom filters can also be applied to generate reports aligned with business needs. You can set permissions to decide who in your organization can see which reports.
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