Apxium, based in Innovation District, Lot Fourteen, automates the entire Accounts Receivable, Payments and Financing workflows for professional services firms around the world.
Founder and Managing Director, Jeremy Coombe, explains Apxium’s technology as a unique combination of “SaaS+FinTech” that offers the only accounts receivable automation software and payments solution that is fully data integrated with global Practice Management Software used by mid to large accounting firms..
This delivers a data connected cloud experience empowering accounting firms to take control over their accounts receivable collections, whilst offering seamless payment experiences to their clients. This includes full transactional banking and payment facilities, such as direct debit and instalment payments – along with professional fee funding – all offered direct from the invoice.
Apxium was part of the first cohort to take up residency at Stone & Chalk, the Innovation Hub housed in Lot Fourteen. Upon moving into the Hub, they were able to utilise the fast internet of the GigCity connection.
“One of the deciding factors to relocate to Stone & Chalk was access to amazing facilities such as GigCity. Being a global FinTech that promotes efficiency via our automation software services and global payments solutions to our clients, it’s very much part of our DNA to seek out the most scalable technologies to also promote efficiencies within our own business”, says Jeremy Coombe.
He continues, “This includes fast, reliable internet on a 24/7/365 basis. This access and reliability was imperative during our overseas expansion to US, Canada and UK, which happened to occur right in the middle of COVID-19. Consequently, all our travel plans were put on hold, meaning a lot of video conferences and remote product demos.”
Apxium services some of the largest enterprise size accounting firms in the world, which expect a high level of service excellence that can only be delivered with world class internet connectivity. Their proprietary technology is built in-house, making GigCity equally important for their team as much as supporting their clients.
Enabling connectivity and collaboration between colleagues in a flexible working environment, whilst delivering world class service to their global client base, has been very important to Apxium. They discovered a benefit of the GigCity connection that supports this goal when they realised the speed and reliability meant more staff members preferred working in the office, thus creating more collaboration and cultural engagement.
Most of the Axium team comes from a career background working in large corporates and institutions. Some of these large companies often don’t even have internet connectivity as fast and reliable as GigCity, which makes the Apxium team even more appreciative to have access to it as a small business.
“This makes a massive difference in terms of workplace engagement when you’re able to provide your team with world class facilities to make their jobs easier. Fast and reliable internet is such a significant contributor to this and we’re thankful to be a part of it”, says Jeremy Coombe.
GigCity has also supported Apxium to scale their business globally from Adelaide. Jeremey Coombe says, “We have been able to attract and retain some of the best software engineering talent to continually build world first innovations. This has allowed us to build all our intellectual property in-house, enabling us to compete globally and attract investment.”
He continues, “The Stone & Chalk team has done an amazing job creating such an engaging community environment in which startups need to thrive – something that you just can’t replicate in a self-contained office. GigCity is a key value-add to this community environment, which makes it a great place to work from both cultural and workplace efficiency perspectives. It wasn’t until moving here that we really noticed the positive impact of combining a community based culture (created by Stone & Chalk) with workplace efficiency (such as GigCity). This is so important when you’re competing with larger businesses to attract top talent to scale a global business.”
Apxium’s future is looking very bright and exciting as it continues to grow globally. This has driven the need to hire more local talent, along with building out a team in North America and the UK. Jeremy Coombe says, “Given this growth, we’re more reliant than ever on generating efficiencies within our business, and the GigCity value proposition is a key part of this.”
GigCity is a Government of South Australia initiative delivering affordable, high-speed internet to innovation precincts across the state. Participating businesses experience gigabit speed broadband, enabling greater collaboration between colleagues and easy sharing with clients around the world.
For more information, visit www.gigcity.com.au.