On June 20, 2018, Merck celebrated its 350th anniversary for Asia-Pacific in Shanghai Shangri-La Hotel. The theme of the celebration was “Always curious – Imagine the next 350 years.” The only startup invited to join this grand celebration was Xencio. Xencio’s Founder and CEO, Cameron He, participated in the panel “The Future of Digitalization” where he had an opportunity to exchange views on this exciting topic with Merck Managing Director of Australia and New Zealand Bradley Simpson, Merck CEO of Performance Materials Kai Beckmann, Alibaba Health Senior Vice President Strategy & Investment Dept. Ma Li and DellEMC General Manager of Greater China Shirley Wu.
Xencio is on a mission to transform accounting and corporate finance, automating previously manual and labor-intensive processes, through financial intelligence which gives business precision to execute its financial strategy. Founded in 2015, Xencio is utilizing AI technology to go deeper into understanding how to effectively and efficiently manage your cashflow and related commercial data.
Over the years, the startup has worked with Merck on several valuable and successful projects, such as Cash Flow Analysis (2017 global finance award top 3), AR Clearing Wechat (Chain Award – top 2). Xencio has had close cooperation with BT, Finance and Sales and was able to bring to the collaboration flexibility of a startup combined with high-quality and innovative tech solution.
Merck has been greatly benefiting from the work with many startups and we will continue exploring various similar forms of cooperation in China.