FlexTecs, a leader in recovery audit, contract compliance, and payment accuracy solutions, announced a strategic investment from Cohere Capital to support its services expansion, technology innovation, and accelerated growth. Reviewing over $1 trillion in client transactions annually and recovering or preventing more than $1 billion in incorrect payments, FlexTecs leverages its proprietary FlexTrap platform to provide near real-time audits and preventative recovery solutions. “This partnership comes at a time of tremendous momentum for FlexTecs,” said Tom Cook, Co-Founder and CEO. “We’ve doubled the size of the business over the past three years and have grown our global team to more than 600 employees.”
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The investment will strengthen core recovery audit and contract compliance services while expanding FlexTrap’s SaaS capabilities to prevent payment errors and automate reconciliations. Daniel Gedney, Co-Founder of Cohere Capital, added, “FlexTecs was founded with technology at its core and that has created tremendous differentiation in the market versus their competitors, which we only expect to accelerate as AI continues to advance.”
