Skyscend’s strategic collaboration with OMG Group in a bid to revolutionize the e-Invoicing Solutions in India.
Skyscend India, a US-headquartered fintech company has strategic collaboration with OMG Group in a bid to revolutionize the e-invoicing solution in India with advanced technologies.
- (1888PressRelease) October 29, 2021 - Skyscend Inc., a US-headquartered fintech company vouches for a 'new generation of frictionless invoicing'. The fintech startup offers a one-stop solution for invoice automation, e-invoicing, e way billing, working capital solutions and the likes. Skyscend leverages the power of Artificial Intelligence, Blockchain and Cloud (ABC) to automate accounts payable, improve supplier management and simplify GST e-Invoicing Process.
In its latest endeavours to transform the procure to pay process, the company has joined hands with OMG Group as the marketing and technology partner. With OMG as a partner, Skyscend is all set to fill the gaps in the Indian Market and level up their reach.
As quoted by Mr Ashish Bhat, (Founder & CEO, OMG) “We are glad to partner with a team which walks on the lines of offering innovative solutions and this is only the beginning of the journey of creating some milestone success. Skyscend is here to make the procurement business easy, transparent and painless with their intelligent e-invoicing solutions, and we are glad to associate as the technology and marketing partner in this voyage.”
The company has had a 'phenomenal start' by acquiring the pilot customer of a multimillion deal, in about 12-14 months of its inception and also by closing a seed capital round after raising $1.9M. The seed capital will be leveraged to scale Skyscend's infrastructure and product distribution to U.S. and international customers.
Chaya Gangadarappa, the founder and president of the company, states “We built a product that is easy, painless and transparent. The vision is to reach out to every country in the world, and serve all the small businesses.”
Skyscend leverages the power of Artificial Intelligence, Blockchain and Cloud (ABC) to automate accounts payable, improve supplier management and simplify GST e-Invoicing Process.
"We are here to bring it all together, all the things that goes in between the sale back and forth, the paper trails, the invoicing and make it simpler, cheaper fast and more efficient. It is an incredible tool." Michael Kodinsky (CEO, Skyscend).
The recent collaboration with OMG Group comes as a measured move in the Indian context, as the country's digital transformation is progressing rapidly and businesses are ready to take full benefit of this transformation for growth prospects.
“E-invoicing help businesses submit B2B invoice efficiently, and currently businesses with an annual turnover of more than 50 Cr are required to adopt e-invoicing. Thus, the aim of this partnership is to reach out to the businesses and the enterprise professionals such as the CAs and acquaint them with the procurement process which is innovative and customer-centric” Saish Desai (Head of Operations, OMG)
The alliance with OMG Group, one of the best Bengaluru based AdTech companies, is a step taken to trace the right audience in the era of digital transformation and infiltrate the otherwise conventional business scenarios.
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