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This story was originally published on HackerNoon at: https://hackernoon.com/maximor-rebrands-as-hyphenate-after-86x-revenue-growth-across-five-finance-functions.
Maximor has rebranded as Hyphenate after 86x revenue growth, now running five finance functions on one autonomous platform. Here is what that means.
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Maximor has rebranded as Hyphenate after revenue grew 86x in twelve months, following a $9 million seed round led by Foundation Capital. The platform now covers five areas of finance: order-to-cash, treasury, GL accounting and close, procure-to-pay and reporting and insights. The average customer runs six modules and 40% expand within their first year. Autonomous finance means software that owns a workflow through to an outcome and brings in a person only when a call genuinely needs judgement. Hyphenate sits on top of the ERP, banks and payroll a company already uses, so nothing is migrated. Mini Melts USA runs orders, sales triage, invoicing and refunds through agents layered onto its SAP environment. The stated next chapter is the decisions CFOs make about pricing, margin, investment and capital allocation.