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CashFlo Expands Services, Acquires Logitax

cashflow and logitax

CashFlo, a finance automation and compliance platform, has recently completed the acquisition of Logitax, a platform specializing in GST and e-invoicing compliance. The financial terms of the acquisition remain undisclosed. This strategic move solidifies CashFlo’s dominant position within the finance automation sector, broadening its array of services to cater better to mid- and large-scale corporate enterprises.

The integration of Logitax into CashFlo’s framework is expected to enhance the company’s capabilities across various areas, including Accounts Payables automation, Payments and Reconciliations, and Invoice Discounting. These newly bolstered services encompass AP Automation, Payments and Reconciliation, GST filing and reconciliation, Supply Chain Financing, ERP Integrations, e-invoicing, and GST ITC maximization. By offering these comprehensive solutions, CashFlo aims to enable enterprises to achieve substantial savings, potentially enhancing EBITDA margins by up to 5% annually.

As part of the acquisition, the entire team from Logitax, including its leadership, will merge with CashFlo. This consolidation positions the combined entity to effectively serve over 1,200 enterprises and expand its SME network to encompass more than 300,000 companies. Notably, the platform manages over Rs. 1,80,000 Crores of invoices annually, further solidifying its stature as a leading player in the realms of Finance Automation and Supply Chain Finance in India.

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