Outpave, a new fintech startup specializing in Financial Services and Spend Management for the construction and trades industries, today announced the appointment of Tom Payne as Chief Operating Officer. Tom brings a wealth of experience from his distinguished 27-year career at SAP Concur where he started in consulting, then led global support before moving over to lead managed business services and growing that portfolio to more than $300 million in revenue as SVP.
Payne also played an integral role in SAP Concur’s key initiatives over the decades of evolution from Portable Software to Concur, its landmark acquisition of Outtask, and ultimately Concur’s acquisition by SAP.
With his extensive background and proven track record, Payne is poised to bring critical expertise to Outpave, driving strategic leadership, enhancing operational efficiency, and driving product innovation.
“Tom brings industry-relevant experience that is second to none, and his background in tackling some of the toughest segments of running a business is invaluable to our team,” said Zach Ahlstedt, CEO at Outpave. “With his leadership, we are confident we will be able to achieve our vision of driving change within the construction and building industry.”
With deep experience working with customers of all sizes, from small businesses to Fortune 100 enterprises, Payne sees immense potential in Outpave’s product and vision, and plans to help the company grow and expand its offerings.
"I am thrilled to join Outpave and be part of a dynamic team that is moving at an impressive speed. The quickness of customer onboarding, the simplification of expense capture, and the accountability delivered by the platform today are remarkable. The engineering velocity has allowed Outpave to go from an idea to a production solution very quickly. This efficiency allows Outpave to continuously add features for its current and future customers. That environment makes it incredibly exciting to serve a role that is focused on operations and delivering value to customer base. I look forward to helping lead the execution of our vision and driving further success for the company."
With a relentless focus on simplicity, Outpave allows companies in the construction and trades industries to manage their finances all in one place. With real-time visibility into spending, seamless accounting integration, and instant transaction notifications, Outpave eliminates the hassle of chasing invoices and managing receipts. The intuitive mobile app eliminates the expense report. Coupled with physical, virtual and budget cards, Outpave delivers a solution employees, administrators and company leadership embrace.
About Outpave:
Outpave is a fintech company dedicated to providing innovative Financial Services and Spend Management solutions tailored for the construction and trades industries. Our mission is to empower businesses with the tools they need to manage their finances more efficiently and effectively, driving growth and success in the industry.
For more information about Outpave and our solutions, visit www.outpave.com
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