XTGlobal secures AP automation win with major US construction firm
XTGlobal Infotech Limited has signed an agreement to implement its Circulus Accounts Payable (AP) Automation Solution for a leading civil and utility construction company in Central Florida. This client is one of the largest construction firms in the region, with over 750 employees, specializing in various construction projects.
The initial deployment is valued between $50,000 and $80,000, and is projected to generate approximately $113,000 in annual recurring revenue (ARR). The contract is for an initial three-year term with a pricing model designed for scalability, supporting an estimated 11% year-over-year business growth. Circulus was chosen after a review of five AP automation platforms, with the sales cycle concluding in just 2.5 weeks.
This engagement strengthens XTGlobal's position in the U.S. construction and infrastructure sector, validating the adaptability of Circulus across diverse industries. The solution will support two Vista Viewpoint ERP profiles, handling both PO and Non-PO workflows with advanced job-costing functionality.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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