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Lucrotec

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Mass payout solutions provider streamlining payments for enterprise CFOs.

Overview

Lucrotec is a provider of mass payout solutions that focuses on facilitating bulk payment disbursements for businesses to multiple recipients. The company operates primarily as a B2B payment platform aimed at enterprise CFOs, offering the APeX platform, which utilizes robotic process automation and machine learning technology. Lucrotec's services are designed to digitize supplier payments, with an emphasis on accuracy and rebate maximization while reducing disruption to accounts payable processes. The platform supports multi-currency distributions and includes features such as automated currency conversion and real-time tracking, which are intended to improve the efficiency of financial operations. Additionally, the platform addresses issues related to payment accuracy and administrative workload, catering to enterprises that require streamlined payment solutions.

Key facts

Founded
2016
Sector
Payments

Business model

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About Lucrotec

What does Lucrotec do?

Lucrotec is a provider of mass payout solutions that focuses on facilitating bulk payment disbursements for businesses to multiple recipients.

Where is Lucrotec headquartered?

Lucrotec is headquartered in Rockaway, United States.

When was Lucrotec founded?

Lucrotec was founded in 2016.

Which sector is Lucrotec in?

Lucrotec operates in Payments, part of Financial Technology.

Who are Lucrotec's competitors?

Companies similar to Lucrotec include Supplier Success, CHERRY, and SparcPay.