This acquisition further advances Zone's
vision to deliver a unified platform of end-to-end software
solutions for the office of the CFO
NEW YORK and HELSINKI, July 11,
2024 /PRNewswire/ -- Zone & Co, the leading
provider of ERP-expanding software solutions for the CFO's office,
has announced the acquisition of Staria
Flow, an innovative AP automation solution, developed by
Staria, a Helsinki-based advisory
services and solutions firm for growth companies. This acquisition
accelerates the capability expansion of Zone's robust AP automation
solution, further cementing the company's position as the most
comprehensive ERP-expanding software provider for companies of all
sizes.
Staria Flow is designed to
streamline accounts payable processes and payments offering users
increased efficiency and control over their financial operations,
including robust bank connectivity, best-in-class e-invoicing, and
precision-driven OCR technology. The acquisition reflects a shared
commitment to enhancing the capabilities of the Zone platform,
leading to a faster pace and higher quality of product
innovation. With the addition of Staria
Flow's key features, Zone is creating a true enterprise
end-to-end AP solution.
"Over the past year we've significantly expanded the breadth and
depth of our end-to-end platform, including the addition of GenAI
functionality and the acquisitions of Solution 7 & Infinet
Cloud," said Thomas Kim, CEO at Zone
& Co. "This announcement marks yet another great investment to
accelerate our platform's capabilities, in line with our broader
vision that continues to support our organic growth. By combining
our capabilities, we create more value, faster for our combined
global customer bases. Enabling them to streamline their
procure-to-pay process from start to finish with a single
login."
Artti Aurasmaa, CEO at Staria, adds: "We are excited to join
forces with Zone & Co to bring our customers the best of both
worlds: Staria's unparalleled service offering and Zone's
cutting-edge technology. Integrating Staria
Flow and Staria Banking into Zone's suite of products will
enhance the payments and accounts payable experience and create a
seamless financial management environment for our users.
Furthermore, it allows us at Staria to focus on bringing our
customers top-notch services and solutions within global
accounting, ERP consulting, and BI & planning."
Wilkie Farr & Gallagher LLP
acted as legal adviser to Zone.
To learn more about Zone & Co, please visit
www.zoneandco.com.
About Zone & Co
Zone is reinventing the way
companies approach back-office excellence, empowering finance
leaders and their teams to scale and thrive in today's dynamic
business landscape. Its highly flexible platform enhances
out-of-the-box ERP capabilities, offering maximum visibility and
control over company operations. From complex billing & revenue
recognition to AP automation and advanced FP&A reporting,
Zone's unified platform integrates seamlessly with leading ERP
software, adapting precisely to evolving needs. Trusted by over
4,000 customers worldwide, Zone & Co is committed to delivering
real-world solutions that deliver tangible results for its
customers. Headquartered in Boston,
MA, with hubs across Europe, North
America, Australia, and
Asia, Zone is dedicated to shaping
the future of enterprise back-office management.
For more information, please visit: www.zoneandco.com or follow
us on LinkedIn: linkedin.com/company/zoneandco.
Contact: press@zoneandco.com
About Staria
Staria offers finance leaders Global
Accounting Services, ERP Consulting Services, and BI & Planning
Solutions. We support our customers in navigating their
international growth with our advisory services and solutions. Our
scalable solutions support our customers' entire growth journey,
from start-up to global corporation. European companies such as
Wolt, Vinted, Storytel and Supercell have chosen Staria as their
trusted partner. Staria has 500+ employees across seven European
countries.
Learn more: www.staria.com
Contact: marketing@staria.com
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