Corpay Cross-Border Expands Global Presence with a New Office in Chennai, India
19 Dezembro 2023 - 10:30AM
Business Wire
The strategic move to establish an internal
service hub in India to better support Corpay internal processes
globally, allowing for scale and growth in the upcoming year
Corpay1, a FLEETCOR® (NYSE: FLT) brand and global leader in
business payments, is thrilled to announce the latest expansion of
Corpay’s Cross-Border business with the opening of a new
back-office support centre in Chennai, India. This move marks a
significant milestone in the company’s ongoing global growth and
strengthens its commitment to serving internal stakeholders.
The newly established office in Chennai, Tamil Nadu, India, will
function as a central service hub. Phase one encompasses seven
critical business functions:
- Financial Planning and Analytics: Facilitating revenue
and financial analysis.
- Data and Business Intelligence: Facilitating preparation
of reports and dashboards.
- Sales variable compensation: Streamlining payrolls
across different regions and time zones.
- CRM: Developing, supporting, and administering CRM
software.
- Credit Underwriting: Scaling global underwriting
capabilities.
- Client Support: Digital client support and
coverage.
- Strategy and M&A: Analyst support for strategic
growth of Corpay and M&A activities.
This move will empower Corpay to scale faster and underscores
the company’s dedication to elevating its support for existing
clients.
“The establishment of our office in Chennai enables us to
harness India’s flourishing economy and its status as the
fastest-growing major economy in the coming years, along with its
diverse array of opportunities,” says Aravind Thirunavukkarasu,
Chief Data and Analytics Officer, Corpay’s Cross-Border Solutions
and Managing Director of Corpay India. “As a successful Fintech and
one of the fastest growing non-bank providers of cross-border
payments solutions globally, the timing is right for us to expand
support operations into India. The inclusion of the back-office in
India strengthens our global footprint, which now spans North
America, Europe, the UK, and the Asia-Pacific region, and enhances
our operational efficiency allowing us to deliver exceptional
service and experiences to our clients. Meanwhile, it aids us in
recruiting local talent, strategically positioning us to seize
future opportunities.”
India is a Fintech powerhouse, ranking only behind the US and
the UK in terms of raising funding for Fintech companies in 2022.
India’s unique demographic advantage is evident with more than one
third of its population being classified as the countries
“youngest” working population, which provides a solid foundation
for the company to harness the potential of this dynamic pool of
young and energetic talent. Acknowledging the immense potential
within this demographic, Corpay Cross-Border is actively working to
expand its team by recruiting local talent, particularly in
critical areas of FP&A analysts, M&A associates, CRM
professionals, customer support and credit functions. This
strategic approach is aimed at driving the company’s future growth
and development in the region.
“We are extremely excited about the opening of our new office in
Chennai. This expansion reaffirms our commitment to global
excellence and our unwavering belief in the vast potential of the
Indian and Asia-Pacific markets,” said Mark Frey, Group President,
Corpay’s Cross-Border Solutions. “Our hope is that this new office
will help our team gain an in-depth understanding of this and
surrounding markets, while also opening up new avenues for us to
attract talented professionals who aspire to be part of a dynamic
and forward-thinking organization.”
About Corpay
Corpay is a global leader in business payments, helping
companies of all sizes better track, manage and pay their expenses.
Corpay provides customers with a comprehensive suite of online
payment solutions including Bill Payment, AP Automation,
Cross-Border Payments, Currency Risk Management, and Commercial
Card Programs. Corpay is part of the FLEETCOR (NYSE: FLT) portfolio
of brands. To learn more, visit our website at www.corpay.com or
follow us on LinkedIn at Corpay Cross Border Solutions.
1“Corpay” (a Fleetcor (NYSE: FLT) brand) in this document
primarily refers to the Cross-Border Division of Corpay
https://www.corpay.com/cross-border; a full listing of the
companies that are part of the Corpay brand is available here:
https://www.corpay.com/compliance.
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version on businesswire.com: https://www.businesswire.com/news/home/20231219650013/en/
Media: Keera Hart Senior Account Director (905) 580-1257
Keera.Hart@kaiserpartners.com
Corpay: Brad Loder VP, Cross-Border Marketing (647)
627-6635 brad.loder@corpay.com
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