Priority Software, a company that develops AI based cloud ERP and business management software, has acquired Obol, a financial technology company focused on AI powered cash flow management, as it expands the financial capabilities of its cloud platform.
The acquisition adds Obol's technology for cash flow forecasting, working capital optimization and liquidity analysis to Priority's AI native cloud ERP. According to the company, the integration is intended to give customers access to cash flow management and enterprise resource planning through a single platform.
Obol's software provides real time cash forecasting, automated liquidity insights and working capital analysis. Once integrated, customers will be able to combine those capabilities with financial data already managed through Priority's ERP environment.
“With Obol on board, we're expanding our financial management offering with cutting-edge AI that projects cash flow accurately and recommends actions to optimize liquidity,” said Sagive Greenspan, CEO of Priority Software. “Our customers will benefit immediately from seamless integration between ERP and Obol's cash flow engine, gaining a complete picture of their financial position and improved decision-making. This is precisely our strategy: to acquire AI-native, product-leading companies that deepen Priority's value to customers, making us more capable today and even more powerful tomorrow.”
Obol was founded by Michael Shomer Schwartz, Ori Mizrahi and Aviv Sadra to automate cash flow management through AI, real time visibility and financial insights. Following the acquisition, the company's technology will become part of Priority's ERP offering while also gaining access to Priority's global research and development pipeline.
“Joining Priority enables us to accelerate our vision and scale our AI-powered cash flow management offering to businesses worldwide,” said Michael Shomer Schwartz, Co-Founder and CEO of Obol.
Priority said the combined platform will include AI driven cash flow planning based on live data, automated reporting, working capital insights and integrated financial management. The acquisition follows the company's introduction of its aiERP capabilities and reflects its strategy of expanding the platform through acquisitions of AI focused software companies.
