FlexTecs, a leader in recovery audit, contract compliance, and payment accuracy software and solutions, announced a strategic investment from Cohere Capital, a Boston-based private equity firm focused on investing in differentiated technology and tech-enabled services companies.

Through its services and technology, FlexTecs reviews over $1 trillion in client transactions and recovers or prevents over $1 billion incorrect payments annually, resulting in direct savings for its clients. FlexTecs was founded to disrupt the audit recovery industry with a technology-first focus to deliver unparalleled speed, agility, and value to its clients. The company's audit team leverages its proprietary technology platform to perform in-year audits, pulling recoveries forward to near real-time and offering preventative recovery solutions. This differentiated business model increases recoveries and accelerates cash collections for its clients.

This strategic investment positions FlexTecs to drive even further value for clients, expand its services and software offering, and accelerate its next phase of growth while also preserving the leadership, culture, and operating model that have defined the company since its founding. The existing leadership team will continue to lead the business, with strategic guidance and resources from Cohere Capital and its Board advisors.

"This partnership comes at a time of tremendous momentum for FlexTecs," said Tom Cook, Co-Founder and CEO of FlexTecs. "We've doubled the size of the business over the past three years and have grown our global team to more than 600 employees. Our differentiated model has created a strong foundation and continues to drive market share gains and lasting value for our clients."