Nvoicepay Announces 105% Annual Growth and 500,000 Active Suppliers

  • April 11, 2018

Portland, Ore. — April 11, 2018 — Nvoicepay, the leader in payment automation software for the enterprise, today announced 2017’s results achieving 105 percent growth rate in payment volume. Through 2018, the company will process over $25 billion in payment volume through its payment network which offers enterprises the ability to efficiently pay suppliers across 170 countries and in 140 currencies. Nvoicepay’s data revealed that the company has initiated payments for more than 500,000 unique suppliers in just the last twelve months.

“We are leading payment automation for the enterprise by delivering the best results in the industry,” said CEO and founder Karla Friede. “It’s exciting to see enterprises shed the archaic paper-based processes of the past and move to the next generation of payment automation.” Nvoicepay increases efficiency by eliminating manual time-consuming tasks associated with paying suppliers, and streamlines accounts payable processes by managing 100% of supplier payments. Nvoicepay’s solution provides control and visibility across all types of supplier payments, meeting the needs of complex global enterprises with multiple organizational hierarchies, multiple approval workflows, multiple locations, and multiple bank accounts.

“We were really excited to find a solution that would collect, maintain and secure our supplier’s data without us getting involved. We do not touch it at all. The suppliers are free to select how they want to be paid and can update that request at any time.” - Paula Mortensen, AP Manager, Swinerton Incorporated. Unlike bank ePayable offerings, Nvoicepay continuously enables new suppliers for electronic payment. By maintaining supplier information as it changes over time, Nvoicepay relieves accounting personnel from this burden, and ensures accounting teams can pay their suppliers in the lowest cost, most efficient method possible. Nvoicepay’s ability to manage payment data and optimize each payment delivers exceptional customer results.

Nvoicepay’s electronic payment solution works with any ERP system including Oracle, SAP, Lawson, JD Edwards and NetSuite.

 

About Nvoicepay 
Nvoicepay transforms the massive and expensive effort that goes into paying suppliers into a simple, efficient, automated solution. We optimize electronic invoice payments for enterprises with intuitive cloud-based software. In addition, Nvoicepay provides comprehensive supplier services through our Payment Command Center and the highest level of security in the industry. By automating all payments, Nvoicepay increases efficiency and immediately reduces accounts payable costs by 75 percent. Learn more at http://www.nvoicepay.com and follow us on Twitter at @Nvoicepay.

 

Read the original press release on PRWeb.

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