Meritsoft Founding Partners Kerril and Paul Burke decided to take action.
Prior to founding Meritsoft, Kerril had over 20 years’ experience in investment banking and fund management across Audit, Controls, Finance and Operations groups. As a qualified Chartered Accountant/ CPA working through an Operations lense, Kerril could see the many benefits of automation.
Kerril knows that payables and receivables is real money. It sits on every bank’s balance sheet. It is money owed to the bank. Furthermore the longer debt is aged, the more difficult it is to collect, the more exposure and capital charges that will apply and the more likely it is to be written off and lost.
Kerril also knows that with the right procedures/software in place to manage payables and receivables, capital markets houses can.