Tuesday 8th May, 2018
Nvoicepay, a provider of Payment Automation software for the enterprise and Inspyrus, a provider of Invoice Automation and Dynamic Discounting software, has announced a joint technology partnership to deliver a unified solution for invoice and payment processing.
Many organisations have struggled to achieve high levels of invoice automation and many more grapple with high costs and processing inefficiencies associated with payments—the “last mile” of the invoice automation equation.
The Nvoicepay and Inspyrus technology partnership aims to change this; together they bring to market the most complete (end-to-end) and comprehensive invoice automation and payment solution available today.
With over 500,000 suppliers in its network, Nvoicepay enables customers to pay 100 percent of invoices electronically, achieving over 75 percent cost savings versus issuing paper cheques, while delivering control, visibility and traceability for each payment.
Inspyrus’ invoice processing solution enables organisations to automate up to 90 percent of accounts payable (AP) operations with the potential to deliver up to 3 times the cost savings compared to legacy and competitive approaches, while also maximising the capture of early pay discounts (with savings up to 2 percent of corporate spend).
Together the two companies offer a unified and automated solution called Inspyrus Total Pay, which transforms 100% of the manual effort managing multiple invoice payment methods into touchless electronic payments.