KnowBe4, which provides a security awareness training and simulated phishing platform, serves more than 70,000 organizations around the world and continues its global expansion, the companies said in a Wednesday (April 22) press release.
As it expands, the company aims to streamline cross-border workflows by leveraging Flywire’s invoice-to-cash software and proprietary global payment network to automate the invoice-to-cash lifecycle for its customers across hundreds of countries and territories, according to the release.
“By integrating with Flywire, we are not only providing our international customers with a more seamless and localized payment experience, we are also driving significant value by automating complex back-office workflows,” Vlad Kaplunsky, vice president of tax and treasury at KnowBe4, said in the release.
By using Flywire’s software and payment network, KnowBe4 is expected to reduce the time spent on manual reconciliation by about 95%, capture millions of dollars in potential savings through optimized exchange rates and reduced global transaction fees, reduce days sales outstanding (DSO), improve cash flow reliability and save IT resources, per the release.
Ryan Frere, executive vice president and general manager of B2B at Flywire, said in the release that Flywire was built to serve high-growth, global technology firms like KnowBe4.
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“By combining our invoice-to-cash software with our proprietary global payments network, we’re giving KnowBe4 the infrastructure to get paid faster, reduce operational drag and deliver a better experience to their customers worldwide,” Frere said. “This is what it looks like when payments stop being a bottleneck and start being a growth enabler.”
Automation is proving to be a decisive competitive edge for finance leaders and companies, Frere wrote in the PYMNTS eBook “Headlines That Will Shape the Close of 2025.”
“This isn’t speculation,” Frere wrote. “AI-powered accounts receivable (AR) solutions are delivering step-function improvements: settlement times reduced by 60%, reconciliation efforts cut by 70%, and DSO shortened by more than two weeks. These are not incremental gains; they are structural shifts that change the way finance teams operate and the way companies compete.”
