Nipendo Reports Profound Growth
Nipendo, an up and coming solution provider of purchase to pay (P2P) software, has recently announced that its Supplier Cloud Platform has hit a new record of one million transactions per month. This juncture marks the rapid adoption of the software. Nipendo has reportedly tripled their growth in just two short years.
PayStream has been closely monitoring Nipendo’s success. During its relatively short time in the P2P arena, Nipendo has addressed several barriers that have afflicted the industry in recent years. By automating the P2P process across buyer and supplier exchanges, they have taken away the disincentives for suppliers to adopt the automated transition, thus harnessing the full value of a fully automated eInvoicing solution.
At the recent PayStream Advisors Annual Summit last September, Nipendo announced an AP automation industry breakthrough. Using their solution, they guaranteed that 90% of invoices are processed directly to a user’s ERP without any manual intervention. Coupled with a value-based per invoice pricing model, end users see tangible ROIs right out of the gate. Nipendo’s growth can largely be attributed to innovations such as these, which stand to differentiate the solution provider in an increasingly crowded market, and give Nipendo a leading edge to contend larger, well-established firms like Ariba and Coupa.
To read the official press release concerning Nipendo’s recent milestone click here.
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