November 8, 2021
FOR IMMEDIATE RELEASE
CEO Appointed to Scale Carixa Order-to-Cash Platform
New York, NY—November 10, 2021
Smyyth Technology LLC, developers of the Carixa™ Enterprise Order-to-Cash Cloud, announced that Shyarsh X. Desai has been appointed Chief Executive Officer, recognizing the growth potential of this powerful automation platform. Carixa is a proven, advanced accounts receivable system for large and mid-sized enterprises which now even includes trade promotion management.
This addition to our executive team positions Carixa to grow to scale as a stand-alone SaaS business, working in partnership with Smyyth LLC, which provides expert accounts receivable services leveraging the Carixa platform.
“Shyarsh is the right leader for the innovative Carixa software platform,” said John Metzger, Chairman. “He brings a strong background in software-as-a-service, understands the industry, and knows our customers.” Shyarsh was previously CEO of another Smyyth growth company, Credit2B.com, an innovative B2B credit decision platform, from 2013 until its divestiture in 2018.
Shyarsh commented, “I am excited about expanding the Carixa order-to-cash software platform to an industry-leading position. Carixa is a flexible and powerful accounts receivable management automation defined by strategies, workflows, and collaboration between suppliers, their customers, and logistics partners. Carixa is also unique because it also delivers the solution as a managed service unlike the software vendors in this space”.
Most recently, Shyarsh served as President of Wellaware, a leader in monitoring and controlling industrial equipment. Earlier, he was an executive with Global Compliance (now Navex), Dun and Bradstreet, and IBM. Shyarsh has degrees from the University of Bombay and an MBA from Kellogg School of Management at Northwestern University.
Carixa will create an ecosystem approach by vertical starting with healthcare, consumer products, and construction materials, where it has optimized capabilities. Shyarsh added, “as we move into a post-Covid environment where supply chains need further reinforcement, it’s becoming imperative to leverage technology for greater accuracy in the delivery and payment for goods and services”.
About Carixa and Smyyth
Carixa™ is advanced cloud Order-to-Cash and accounts receivable software for large and mid-sized companies to accelerate collections and minimize revenue leakage due to deductions and disputes. Carixa also provides expert, technology-enabled managed services of accounts receivable functions, including credit, collections, deductions, trade promotions, returns reconciliation, and cash application through its affiliate Smyyth.