economy and politics

Colombian fintech Konvex created the first universal API that powers SME businesses

Fintech Konvex

In the era of business digitalization, the implementation of enterprise resource planning (ERP) systems is key to the efficiency of organizations. These systems consolidate information on a single platform and integrate all business operations, providing a complete, real-time view of the company.

For this reason he was born Konvex, a Colombian fintech with presence in Colombia, Mexico and the United States, which created the first application programming interface that integrates more than 10 ERPs in a single API (Universal API) in Latin America, which makes it easier for companies to integrate accounting and ERP systems from a single access point.

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“At Konvex we want fintech and technology companies to be able to easily integrate their services with different ERP and accounting systems using our Universal API, all acting under the form of white label. This saves them extra costs on complex integrations and saves their clients time having to do a manual synchronization in their ERPs. Furthermore, by offering our solution, companies can increase the value proposition of their current products,” explained Joan Rodríguez, CEO of Konvex.

Konvex API integrates different ERPs such as Siigo, Alegra, SAP, Oracle Netsuite, Quickbooks, Microsoft 365 and Shopify, among others, in one place, so that companies and fintech who use the services, become providers of invoice reconciliation and digital transactions automatically. Likewise, thanks to the Konvex solution, these accounting and ERP systems, which are the largest in Colombia, will be available from a single platform, without the need for additional integration.

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“With some APIs, for example Netsuite, that are so complex due to their wide variety of modules, clients prefer to work with us because we simplify all their needs from one place. What we do is be a provider that has everything companies need and with our solution we have saved 80% of time and costs in integrations for organizations that have trusted us. From the first moment our clients integrate their product with Konvex, they can automatically offer all ERP integrations and accounting systems to their clients,” said Rodríguez.

Fintech Konvex.

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The Konvex API, the fintech said, offers benefits so that companies and startups can take advantage of their time and effort in more strategic and innovative activities for their business. Furthermore, by automating the integration process, you significantly reduce the risk of human error, ensuring greater accuracy in financial operations. It also saves costs by eliminating the need to pay for additional cloud servers, maintain multiple APIs, and study documentation, thus optimizing available resources.

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