Frequently Asked Questions

Our pricing is designed to be transparent and scalable. Its a yearly contract that depends upon the number of banks, platforms and ERPs you want to connect to, and the complexity of those connections

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Onboarding depends upon the number of connections we need to make and their complexity. Generally onboarding can be completed between a couple of weeks to a couple of months.

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We can connect to every bank which can provide transaction and balance reports and enables data to be shared with 3rd parties. Panax currently connects to over 10k banks, financial systems and ERPs

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Panax supports multiple connection methods including API/SWIFT and bespoke connection methods tailored to the specific bank and customer.

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Panax connects to a number of major ERPs including NetSuite and MS Dynamics

We just require the client to introduce us to the bank or platform and to submit any necessary documentation to grant us access.

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Panax has a dedicated resource for managing all customer questions and issues, and is committed to responding to all questions within 24 hours.

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Panax provides real-time or end of day updates, depending on the integration setup with banks and financial institutions, ensuring that you have up-to-date information for accurate decision-making. Panax also allows you to see when the data was last updated, directly in the platform

Panax’s AI-powered platform intelligently categorizes transactions and AR reconciliation. It also uses AI for easy and accurate cash forecasting.

Yes. Panax is built to take advantage of AI, but to give the finance team final approval over all work done by the system.

Panax uses the data from your ERP, your previous transaction history and AI algorithms to help you work smarter and more efficiently.