The Meritsoft Story

Having witnessed first hand:

  • The limitations of the processes set up for payables and receivables management.
  • The fact that credit control was considered to be a non-core, time consuming and manual process.

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. But, most importantly, Kerril is also a qualified Chartered Accountant.
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 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:

  • Mitigate the risk of late and even non-payment.
  • Free up cash flow.
  • Reduce administrative costs associated with manual processing.
  • Have the information they need for compliance and audit trails.
  • Reduce the risk of human error.
  • Reduce human costs.

Of course, Meritsoft’s success has meant it has attracted the attention of investors.

As a result it now has the investment it needs to accelerate its growth plans and to cement its position as the market leading provider of capital markets payables and receivables back office software.

As a further signal of its commitment to thought leadership in the area of payables and receivables, in May 2016 Meritsoft unveiled its new identity incorporating a new company name, logo and website.

Indeed Merit Software has transformed into MeritSoft. Its team continue to dedicate themselves to their cause of delivering fully automated straight through processing solutions for the case management, workflow, regulatory compliance, payment and settlement of claims, tax and brokerage cashflows.