Nipendo Wins 2016 Supply & Demand Chain Executive 100 Award
Nomination recognizes Nipendo for a record 6-week implementation of automated procure-to-pay process
Boston, MA, July 12, 2016 – Nipendo, a leading provider of supplier collaboration cloud platform, has won the Supply & Demand Chain Executive 100 award for the third consecutive year.
The Supply & Demand Chain Executive 100 list highlights outstanding supply chain projects that have helped companies generate measurable return on investment through increased supply chain efficiency. Nipendo’s selection to the 2016 list is in recognition of the record-speed, six-week implementation of an automated procure-to-pay process at a global high-tech company.
Using Nipendo Supplier Cloud, the company has transformed supplier collaboration from a heavily-manual, time-consuming, and error-prone process, into an automated near-real time process that is highly efficient and virtually error-free, with over 95 percent of supplier communication facilitated by Nipendo Supplier Cloud.
Orders generated in the company’s ERP are automatically and electronically transmitted to suppliers. Once the supplier accepts or rejects the order, status is automatically updated in the ERP system.
When the order is shipped, suppliers submit invoices electronically through Nipendo Supplier Cloud, using multiple methods ranging from supplier portal to direct B2B integration. The Nipendo platform validates the invoices in real-time, checking for data integrity, tax and exchange rate accuracy, matching PO and receiving records, and overall compliance with the company’s business rules. If any discrepancies are found, the supplier can immediately correct the invoice before it is transmitted, ensuring that only valid invoices enter the ERP system and eliminating the need for manual reconciliation.
“Our goal with 2016’s SDCE 100 is to shine the spotlight on successful and innovative transformation projects that deliver bottom-line value to small, medium and large enterprises across the supply chain,” says Ronnie Garrett, editor of Supply & Demand Chain Executive. “The selected projects can serve as a roadmap for supply chain executives looking for new opportunities to drive improvement in their own operations. We congratulate all of our winners for a job well done!”
“Being included in the prestigious Supply Chain and Demand Executive 100 is highly rewarding because it is based on specific customer success, realizing measurable business benefits and significant ROI,” said Eyal Rosenberg, Nipendo’s Co-Founder and CEO. “We take great pride in the way our customers are able to achieve superior supplier collaboration, exceptional B2B adoption rates, and complete automation of their Purchase-to-Pay processes.”
Nipendo Supplier Cloud delivers a new level of supply chain collaboration and procure-to-pay automation across all spend categories.
Nipendo provides organizations with a single point of control and compliance for all enterprise procure-to-pay processes, enabling real-time, transparent, touch-free, and error-free invoice reconciliation with over 98% of the invoices approved to pay within seconds of submission.
Utilizing Nipendo’s real-time invoice validation and reconciliation, buyer organizations are able to capture a greater portion of available early payment discounts, while suppliers enjoy faster invoice-to-cash conversion at a lower cost of capital.
Nipendo Supplier Cloud is used by leading organizations across industries, including multinationals such as CheckPoint, Israel Aerospace Industries, KLA Tencor, Kodak Alaris, Sigma Aldrich, and Teva Pharmaceuticals.
For more information, please visit nipendo.com.
About Supply & Demand Chain Executive
Supply & Demand Chain Executive is the executive’s user manual for successful supply and demand chain transformation, utilizing hard-hitting analysis, viewpoints, and unbiased case studies to steer executives and supply management professionals through the complicated, yet critical, world of supply and demand chain enablement to gain competitive advantage.
For more information, please visit www.SDCExec.com.