Nipendo, a payment automation solution provider, said on Saturday (Oct. 1) that its Invoice All module is now available to suppliers that use the company’s Supplier Portal.
Invoice All is part of Nipendo’s cloud-based technology for automating source-to-pay procedures, according to a press release. The module also gives suppliers access to invoice management processes, and users receive a digital proof of receipt to ensure they have a record of whether an invoice was received and read.
According to Nipendo, this reduces “the need for laborious follow-up,” and if something goes wrong, “the system manages it autonomously and provides status updates.”
Alon Rosenberg, Nipendo’s co-founder and chief technology officer, estimates that the company’s service may save the time corporations spend processing invoices by more than 80%.
Rosenberg added, “The platform delivers automated process governance, compliance management, error capture, discrepancy resolution, and much more.”
Nipendo, based in Boston, Massachusetts, claims that firms may accomplish “complete source-to-pay automation” in three months or less without replacing existing enterprise resource planning (ERP) or accounting systems.
According to “ERP Solutions in B2B Payments,” automation is becoming increasingly important in invoicing and accounting operations, with two-thirds of firms either innovating or planning to innovate in the next 12 months.
11% of firms are currently innovating their AP systems, while 31% plan to start innovating over the next six months. Furthermore, 27% said they want to do so within the next year, with many highlighting the benefits.
