January 21, 2014 — Portland, Ore. — Nvoicepay, the leader in simple B2B ePayments, today announced it closed 2013 with record revenue and market expansion. Nvoicepay revenues grew 400 percent in 2013, continuing five consecutive years of rapid growth. The company expects this trajectory to accelerate in 2014, as demand for simple, electronic invoice payment services increases.
“B2B ePayments are the next wave building in a burgeoning payments industry that has been dominated thus far by consumer trends,” said Nvoicepay founder and CEO, Karla Friede. “Nvoicepay’s expansion into new verticals and our growth reflect the success of our ePayment services, which make it easy for any enterprise using any accounting system to make the transition to 100 percent electronic payments for their AP invoices.”
In 2013, Nvoicepay expanded to serve customers in new vertical markets including banking, manufacturing, distribution, restaurants, construction, retail, government entities and non-profits. As a result, Nvoicepay posted triple-digit growth in payment transaction volume with thousands of customers moving millions of dollars daily thru Nvoicepay’s network.
“We expect to see dramatic growth in 2014, followed by exponential growth in 2015 and 2016 as enterprises move to electronic payments for their accounts payable,” continued Friede.
Friede also shared today predictions for key trends that will affect B2B ePayments in the coming year on the Nvoicepay company blog at http://blog.nvoicepay.com/.
“B2B payments are one of the biggest unrealized opportunities in the payments industry,” said Carol Coye Benson, founding partner at Glenbrook Partners. “Nvoicepay's focus on the buyer's accounting processes is critically important in delivering the simple, integrated payments product that business customers want. Furthermore, Nvoicepay's flexible approach to including card, ACH and check payments is the right way to deal with the complexity of this market.”
Nvoicepay combines a simple-to-use cloud-based invoice payment application with best-in-class supplier- and vendor-network services and flexibility to use any accounting system. Customers can choose from ACH, traditional credit cards, high-rebate-yielding Nvoicepay AP cards or electronic print checks to increase AP efficiency, lower costs, and generate revenue for their organization thru card-based rebates. Enterprises making 10,000 to 100,000 payments annually with Nvoicepay receive benefits on average of $50,000 to $500,000 a year.
“Nvoicepay’s integrated card products provide great control and flexibility for its customers as well as industry leading rebates,” said Bruce Wallace, COO of Silicon Valley Bank. “We’re pleased to partner with them to bring innovative AP cards to market.”
Nvoicepay is the leading provider of simple ePayment solutions for the enterprise. Organizations across multiple industries trust Nvoicepay to streamline invoice payments, dramatically reduce AP costs, and generate new revenue through integrated AP card rebates. Only Nvoicepay offers a simple and secure cloud-based workflow that works with every accounting system and all banking partners, and best-in-class vendor services to assure success. Founded in 2009, Nvoicepay has thousands of customers paying tens of thousands of vendors through the company’s payment network each day. For more information, visit www.nvoicepay.com.
Read the original press release on PRWeb.