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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 a cloud-based treasury and cash flow management solution designed for growing businesses. It offers real-time visibility into financial data, automated bank reconciliation, and AI-powered cash flow forecasting. Panax integrates with over 10,000 banks and platforms, helping businesses optimize liquidity and make informed financial decisions. With a 4.9/5 rating on G2, Panax is a valuable tool for businesses seeking to streamline their treasury operations.

  • Best fit for medium-sized businesses (101-1000 employees), but also suitable for small and large enterprises.

  • Particularly well-suited for the finance, banking, and insurance industries.


Panax features

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Panax provides a real-time overview of your cash position, allowing you to make informed decisions about your finances.

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Panax automates bank reconciliation, which helps save time and reduce errors.

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Panax generates comprehensive cash reports that offer insights into your cash flow.

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Panax uses AI to forecast your future cash position, which can help anticipate potential shortfalls or surpluses.

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Panax offers connectivity for various cash management needs.

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Panax offers proactive insights into your cash flow, helping you stay ahead of potential issues.

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Panax adheres to industry-leading security standards to protect your financial data.


Panax alternatives

  • Logo of Kyriba
    Kyriba
    Real-time treasury management for smarter cash decisions.
    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
  • Logo of Payference
    Payference
    Automates receivables and predicts cash flow with AI.
    Read more

Panax FAQ

  • What is Panax and what does Panax do?

    Panax is a cloud-based treasury and cash flow management software for growing businesses. It offers real-time visibility into financial data, automating tasks like bank reconciliation and cash flow forecasting. Panax integrates with numerous banks and platforms, using AI to provide proactive cash flow insights.

  • How does Panax integrate with other tools?

    Panax integrates with over 10,000 banks, ERPs, and cash platforms, providing comprehensive connectivity for various cash management needs. This allows for streamlined data flow and a centralized view of your financial landscape.

  • What the main competitors of Panax?

    Alternatives to Panax include Kyriba, Tesorio, Coupa, and Agicap. These competitors offer similar treasury and cash flow management solutions, often with varying focuses like automation, forecasting, or spend management. Jirav and Asana are less direct competitors.

  • Is Panax legit?

    Panax appears to be a legitimate platform. It boasts a 4.9/5 rating on G2 and offers features like AI-powered cash flow forecasting and automated bank reconciliation. Furthermore, positive website traffic and employee growth suggest a healthy and expanding company.

  • How much does Panax cost?

    I couldn't find pricing details for Panax. Contact the vendor directly to determine if Panax is worth the investment for your needs and budget. This is important for assessing the product's overall value.

  • Is Panax customer service good?

    Panax users consistently praise the customer support team's responsiveness and helpfulness, particularly during the initial setup process and with bank integration issues. Some users mention the team's attentiveness to feature requests, leading to software improvements.


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.