Suppliers that use the company’s Supplier Portal may now use Nipendo’s Invoice All module, according to the provider of payment automation solutions.
Invoice All is a component of Nipendo’s cloud-based technology for automating source-to-pay procedures, according to a news release. Additionally, the module gives suppliers access to information about the processes used for managing invoices, and users receive digital proof of receipt to ensure they have a record of whether an invoice was actually received and reviewed.
According to Nipendo, this avoids “the need for repetitive follow-up” and, in the event of a problem, “the system handles it autonomously and offers status updates.”
Alon Rosenberg, co-founder, and CTO of Nipendo, asserts that the company’s solution may reduce the amount of time businesses spend processing invoices by more than 80%.
“The platform provides automated process governance, compliance management, error capture, discrepancy resolution, and much more,” Rosenberg concluded.
Based in Boston, Massachusetts Nipendo has asserted that businesses may achieve “full source-to-pay automation” in around three months without replacing existing enterprise resource planning (ERP) or accounting systems.
According to “ERP Solutions in B2B Payments,” automation plays an increasingly essential role in invoicing and accounting processes, with two-thirds of organizations either innovating their systems or expecting to do so over the next 12 months.
11% of organizations stated they are presently inventing their AP systems, while 31% said they will begin innovating over the next six months. Furthermore, 27% stated they intend do so in the next 12 months, with many citing the benefits.
