RAYL Innovations Provides Update on IPO Planning and Leadership Changes
October 12, 2021
For Immediate Release
"RAYL Innovations announces the completed buildout of RAYL.Apptive Super App"
VANCOUVER, British Columbia, 12th October 2021 (GLOBE NEWSWIRE). RAYL Innovations Inc. (“the Company") is pleased to announce that, following extensive development and exhaustive testing; with teams spanning three continents, including North America, Europe and Asia; the Company has completed the buildout of RAYL.Apptive. The super app delivered via the cloud, as software as a service, includes 14 interoperable business productivity modules to improve the functionality of small- and medium-sized business.
1. Discuss - instant message and email functions
2. CRM (Calendar)
3. CRM (Contacts)
11. HR (Employees)
12. HR (Time-Off)
13. HR (Expenses)
This now completes the full commercial launch of RAYL.Apptive, allowing customers access to an integrated and interoperable portal containing all of the everyday applications, for CAD$19.95 per month per company for up to 10 seats (including an initial data storage quota).
Nicholas Jeffery, the CEO, commented, “I’m extremely proud of the entire team for delivering on our vision with the commercial launch of RAYL.Apptive. The ecosystem is built by business owners for business owners, offering a single-source solution that replaces the dozens of SaaS products that individuals and businesses pay for monthly and annually. We have a game-changing solution that not only can save businesses thousands of dollars each year, but also provides a full suite of tools for an SME to run its business.”
RAYL.Apptive SaaS Solution:
RAYL.Apptive is a cloud-based, software as a service with client data hosted in Canada. The expanding suite of application modules delivered through a secure application portal help businesses of all sizes save time, money and free up valuable resources.
RAYL.Apptive has been designed to help meet an organization's needs for robust security, reliability, resiliency, and user productivity. All for a single monthly fee per company.
A unique feature of RAYL.Apptive is that all the individual modules are interoperable and accessed via a single login with a common backend data set allowing access to one profile across all applications such as customer, vendor and employee profiles. As a result, anything created in one application can be dragged and dropped into a complementary data set, for example, from product inventory and pricing tools to pop-up shops and onto the final invoice.
Mr. Jeffery additionally commented: "RAYL.Apptive is designed to integrate seamlessly with our near-term plans for RAYL.Pay, our fully developed merchant payment platform, and RAYL.Financial, our digital financial services platformcurrently in process.
The rollout of our suite of services is perfectly timed, now more than ever, when businesses need innovative productivity enhancements and overhead reduction, as they focus on post-COVID bounceback."
About RAYL Innovations Inc.
RAYL Innovations Inc. ("RAYL") is a Canadian, Vancouver-based FinTech company founded in 2020 offering business application solutions for SME business owners and micro merchants. RAYL.Apptive, which is now fully launched, will integrate with the super applications available in the coming months through RAYL.ApptivePro, and within the next few months RAYL will provide integrated payment processing and other financial solutions. RAYL can add tremendous value to businesses by integrating critical business solutions, financial services, and data analytics with a unique pricing strategy all on one integrated and interoperable platform.
For further information on the company, its management team, RAYL.Apptive, RAYL.ApptivePro, RAYL Community, RAYL.Pay and RAYL.Financial, please visit our website at www.rayl.com.
ON BEHALF OF THE BOARD
Jeremy Wright, CPA, CMA
Unless otherwise denoted, all currencies in Canadian Dollars.
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This news release may contain forward-looking statements and information concerning RAYL Innovations Inc. (“the Company”); and includes its wholly owned subsidiaries; RAYL Business Solutions Inc., and Post Socratic Ventures Inc.
The forward-looking statements and information are based on certain key expectations and assumptions made by the Company, including expectations and assumptions concerning the success of new product development, the Company’s ability to integrate acquired businesses and complete strategic acquisitions of additional business and other factors that affect demand for the Company’s products.
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