Corpay’s cross-border business is further expanded with the opening of a new back-office support center in Chennai, India.
The newly established office in Chennai, Tamil Nadu, India will act as a central service hub.
The first phase includes seven critical business functions:
- Financial Planning and Analytics: Facilitating revenue and financial analysis.
- Data and business intelligence: Facilitate preparation of reports and dashboards.
- Variable Sales Compensation: Streamline payroll across different regions and time zones.
- CRM: CRM software development, support and management.
- Credit Underwriting: Scaling Global Underwriting Capabilities.
- Customer Support: Digital support and customer coverage.
- Strategy and M&A: Analyst support for the strategic development of Corpay and M&A activities.
This move will enable Corpay to scale faster and underlines the company’s commitment to strengthening its support for existing customers.
“Establishing our office in Chennai enables us to capitalize on India’s booming economy and its status as the fastest growing major economy in the coming years, along with its diverse opportunities,” says Aravind Thirunavukkarasu, Chief Data and Analytics Officer, Corpay’s. Cross-Border Solutions and CEO of Corpay India.
“As a successful Fintech and one of the fastest growing non-banking cross-border payment solution providers globally, the time is right for us to expand our support operations in 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, enabling us to deliver exceptional services and experiences to our customers. Meanwhile, it helps us recruit local talent, strategically positioning us to take advantage of future opportunities.”
Corpay Cross-Border is actively working to expand its team by recruiting local talent, particularly in critical areas of FP&A analysts, M&A partners, CRM professionals, customer support and credit operations. This strategic approach aims to drive 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 enormous potential of the India and Asia-Pacific markets,” said Mark Frey, Group President, Corpay’s Cross-Border Solutions. “We hope this new office will help our team gain a deeper understanding of this and surrounding markets, while opening new avenues to attract talented professionals who aspire to be part of a dynamic and forward-thinking organization. “