iPayables Achieves Breakout Business Results in CY’17

New Product Innovation and Growth in New Customers Propel iPayables’ Leadership Position in the AP Automation Industry

iPayables, a leading provider of electronic invoicing and AP Automation solutions, today announced tremendous company growth in 2017, more than doubling year-over-year sales bookings. iPayables’ suite of Procure-to-pay (P2P) solutions enable world leading organizations to digitally transform, streamline and automate the accounts payable process.

iPayables experienced solid growth in customer acquisition throughout the year, adding leading global companies in industries that include healthcare, food service, hospitality, construction, manufacturing and more. Among the new customers are mid-sized and large global enterprises that recognize iPayables’ leadership in delivering accounts payable solutions that streamline the procurement, invoice capture, AP workflow and invoice payment processes. Additionally, iPayables expanded its presence with a new office in Utah, growing its employee count to better serve customers and suppliers with white-glove support and service.

“Through our relentless focus on customer success and product innovation for nearly two decades, we have become the trusted standard in electronic invoice and AP automation,” stated Ken Virgin, CEO at iPayables. “This has been a tremendously gratifying year in many ways as we continue to address the issues and challenges of today’s modern Accounts Payable department, and it’s particularly rewarding to see such strong business performance fueling our leadership position in the procure-to-pay market. We’ve set aggressive goals for 2018, which we intend to meet through continued commitment to customer success, product innovation, and high-touch customer and vendor support.”

The Company recently announced the release of its enhanced payments platform, helping organizations streamline supplier payments, significantly improve cash flow and prevent fraud. The new payments platform is another step in iPayables’ mission in digitizing and streamlining manual, cumbersome financial business processes.

“We are excited that so many leading companies are joining with iPayables to make the promise of fully automated Accounts Payable departments a reality,” said Jon Titel, CTO, iPayables. “We are committed to providing our customers with powerful accounts payable products that are flexible enough to meet each customers’ unique needs, ultimately helping fuel innovation and redefine their businesses.”

For more information about iPayables and its electronic invoicing and payments solutions, please visit www.ipayables.com. 

 

About iPayables
iPayables is a pioneering leader in the automating of accounts payable departments while optimizing workflow and streamlining the invoicing and payables process. By using our advanced internet invoicing system, InvoiceWorks®, businesses can streamline the entire Procure-to-Pay process.

The world’s largest airline, largest grocer, largest restaurant chain and other Fortune 100 companies use iPayables InvoiceWorks® because of its functionality, flexibility, and unmatched value. iPayables provides supplier tools for invoice web-entry, file upload, EDI, PO flip and paper invoice capture; which integrate seamlessly with our robust and dynamic workflow, purchase order matching, dispute resolution, payment and dynamic discounting capabilities. To learn more about iPayables log on to www.ipayables.com.