Pandadoc Announces Denario Acquisition To Improve Capabilities

PandaDoc has announced the acquisition of Denario. The acquisition will allow small businesses to have an easy way of handling their proposal-to-cash workflow. The offering will also improve the capabilities of the two companies.

PandaDoc acquire Denario

The acquisition deal will expand the PandaDoc platform’s capability to create documents, manage operations, tracking services, and eSigning offerings. The offerings will be made possible through Denario’s B2B payments service.

The Denario payments service enables small-to-medium-sized businesses and startup companies to automate accounts payable (AP) and accounts receivable (AR) functions. These offerings will enable businesses to operate seamlessly and improve their offerings.

PandaDoc made a post on LinkedIn saying that the decision to invest in Denario was attributed to a clear understanding of small businesses’ needs. These businesses sought simplified workflow from “proposal to cash.” They also provided opportunities for services such as software consolidation.

The Denario platform supports a wide range of functions to improve business operations. Some of these functions include automated invoice collection and centralization. It also supports invoice dematerialization, team approval workflows, and custom permissions.

Denario also provides invoice payments through emails and text, per the company’s LinkedIn page. Furthermore, it combines all European banks and finance tools to improve its offerings.

Automating business processes

Denario is a platform that largely focuses on automation processes. The company seeks to add value by automating the many steps in business payments. These steps are not evident in consumer payments.

The former CEO of Denario, Philipp Adrian Pohlmann, will now serve as the director of product and general manager of payments at PandaDoc. His transition into this new position is among the terms announced for this deal, and he will bring his expertise in automating business processes to drive growth.

At the time, Pohlmann also said there were many steps vital towards streamlining the offerings being made by a company. These processes include receiving, paying, reconciling, processing, and reporting payments to reclaim part of the value-added tax (VAT).

Pohlmann also said that the full cycle for a business transaction was significantly longer than when a consumer pays for a product. Automating processes would cut the time spent on other processes and provide overall efficiency.

PandaDoc will adopt the tech capabilities offered by Denario on its platform. It will also use the integration to grow customer capabilities and merge documents with payment data. The move will secure a single platform to manage, gather, and report on invoices and contracts.

The CEO of PandaDoc, Mikita Mikado, noted that Denario had expertise in product vision and relevant tech stack. This made the company the ideal option to grow the company’s offerings. The company also said it was working to support PandaDoc users to manage their businesses efficiently through offerings such as signing and payment collection. Denario also offers embedded payment technologies to advance the company’s mission.