Burlington, MA, July 9, 2014 – Nipendo, the leader in procure-to-pay automation, has been selected to the prestigious Supply & Demand Chain Executive 100 list, which highlights outstanding supply chain projects that helped companies achieve supply chain excellence and produce measurable ROI gains through increased efficiency.
Nipendo’s selection is based on the results realized by Israel Aerospace Industries (IAI). With over 3,500 suppliers using the platform and more than 90% of supplier invoices automatically reconciled and processed into their ERP system, IAI is realizing significant measurable savings and error reduction in procure-to-pay processes across all spend categories.
“By electronically receiving and processing over 90% of our supplier invoices, IAI is putting to practice the idea of the paperless organization,” said Gabi Ben-Shlush, IAI Head of Accounting. “This is a true revolution which allows us to improve collaboration with our suppliers, establish efficient and cost-effective supply chain integration, and most importantly, dramatically reduce errors that were caused due to manual interactions along the supply chain.”
“We are honored to be included in the renowned Supply Chain and Demand Executive 100 List,” said Eyal Rosenberg, Nipendo’s Co-Founder and CEO. “The selection to this list carries a particular significance because it is based on specific customer success, realizing measurable business benefits and significant ROI. We take great pride in the ability of our customers to revolutionize their procure-to-pay processes by utilizing the Nipendo Supplier Cloud platform.”
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.
Nipendo’s buyer-supplier collaboration platform empowers organizations around the globe to reach a new level of procure-to-pay automation that is not just paperless but also errorless and effortless, achieving over 90% straight-through processing of supplier transactions directly to their ERP systems. Nipendo enables seamless interoperability with any supplier communication solution—including EDI, supplier network, and e-invoicing—allowing enterprises to leverage their existing implementations and extend fully-automated electronic procurement and invoicing to the entire supplier ecosystem. For more information visit nipendo.com.