Frankfurt, Germany / Mountain View, California – Traxpay, pioneer in business-to-business (B2B) Dynamic Payments, today announced that its CEO, John Bruggeman, was named “Gamechanger of the Year (Fintech)” by ACQ Magazine. The magazine and its 119,000 readers also named Traxpay’s B2B Dynamic Payments Platform “2015 B2B Payments Platform of the Year.” The leading monthly publication annually honors “industry leaders, eminent individuals, exemplary teams and distinguished businesses, which we believe represent the benchmark of achievement and best practice.”
In its 10th year, the ACQ5 Global Awards calls on its readership of senior executives from around the world to put forth nominations to seek out “experts whose intimate knowledge and expertise in the cultural, financial and legal arenas are redefining our industry,” according to Jake Robson, Group Editor of The ACQ5. “The 2015 ACQ5 Global Award winners represent the best of breed in the industry and have earned these honours by standing out in a group of very impressive finalists.” Nearly 33,000 nominations were put forth by the magazine’s readers who were encouraged to base their decisions on experience, value for money, and responsiveness. From this, the judging panel derived a numerical rating from 1 – 5, shortlisting only nominees receiving an average 4 star or better rating.
“The stream of positive industry recognition we have received since leaving stealth mode in late 2012 continues to reinforce our belief that our B2B Dynamic Payments solution is delivering value to the market and transforming the way companies do business in today’s competitive environment,” said David Desharnais, CMO and SVP of Products at Traxpay. “We are honored to be recognized by ACQ5 for driving long-awaited innovation to B2B payments and transactions, and to have our CEO John Bruggeman be named Gamechanger of the Year for Fintech.”
John Bruggeman joined Traxpay in 2012, bringing with him over 20 years of experience at the forefront of technology disruptions in the internet, telecommunications, cloud, and enterprise software markets. He has spearheaded the creation of billions in corporate value across multiple industries, and is now ushering in the future of B2B financial transactions and commerce as the company’s CEO.
The Traxpay B2B Dynamic Payments Platform was created to fulfill the need for faster, safer, smarter B2B transactions, a market worth $300 trillion annually. The modular, SAP-certified, cloud-based platform enables Dynamic Payments that are able to adapt in real-time to the complex and constantly changing parameters which define B2B trade.
Traxpay, a pioneer in B2B Dynamic Payments uniquely connects banking, transaction data, and B2B commerce together to provide the utmost in visibility and control for B2B buyers and suppliers. The modular, SAP-certified, cloud-based solution provides and enables secure and flexible payments, and value-added financial services that can adapt in real-time to the ever-changing parameters and complexities that define B2B trade. Unlike legacy static payment services which are disconnected from the rest of the process, Traxpay embeds Dynamic Payments directly into existing business networks and processes (P2P, O2C, ERP, etc.) and connects and monitors all associated transaction data along with the payment itself. As B2B transactions regularly require payments to be split, combined, rerouted, canceled, partially refunded, factored, financed, put into escrow, executed on condition, paid on delivery, discounted, or in some other way dynamically altered during the course of the transaction, Traxpay provides full track-and-trace capabilities and ensures all parties and systems are synchronized. Traxpay’s event-driven workflow constantly monitors for changing terms, then executes and settles the payment accordingly, completing the last mile of the transaction, and enabling faster, safer, and smarter B2B trade.
Traxpay’s mission is to revolutionize business commerce by transforming the way that companies pay and get paid. The company has received numerous industry awards, is privately held, and is headquartered in Frankfurt, Germany with operations in Mountain View, California.
For more information, visit Traxpay or follow us on @traxpay.
Traxpay Media Contact:
Sandra Iris Eilenstein
ITPR Information-Travels Public Relations
T. +49 (89) 89 86 87 20