American Express Acquires B2B Payment Automation Company Nipendo

For a buyer

For suppliers

Multi-Enterprise collaboration made easy

Connect once, communicate with all buyers/suppliers. No need to replace any existing systems for you or your suppliers.

Nipendo by the numbers

Over 90%

Full supplier participation

close to 100%

Percent errors reduced

over 50%

Invoice processing cost-reduction

over 95%

self-provisioned invoices, approved straight through to ERP system

“By providing real-time visibility to receivable worthiness and partnering with non-bank capital resources, Nipendo is expanding the range of available trade financing options at a time of great need.”

David Gustin
President, Global Business Intelligence and Managing Editor, Trade Financing Matters.

“Nipendo enables interoperability between different supplier communication solutions (for example, electronic data interchange [EDI], supplier networks and e-invoicing), allowing enterprises to rapidly achieve over 90% straight-through processing of all supplier invoices directly to their existing ERP systems.”

Gartner
Cool Vendors in Integration, 2014

“Nipendo is the real deal when it comes supporting both application capability in P2P, such as e-invoicing and the connectivity or network layer itself.”

Jason Busch
Cool Vendors in Integration, 2014

“Admittedly, we were initially reluctant to deploy Nipendo, fearing it would add to our work and possibly require the hiring of additional staff.  We would likely not have done so had our customer not required us.  However, after deploying the platform using a B2B connection, we realized significant benefit from it and now urge our customer to expand the platform’s utilization.  We find ourselves spending far less time around invoice submission and, since we have full transparency into the process and into invoice and payment status, we no longer need to call the customer directly.  Our business processes have improved significantly, and we’re better able to plan ahead.”

Yakir Dvir

Chief Information Officer

“Before moving to Nipendo’s digital platform, we had to manually process hundreds of thousands of physical documents… we were sometimes late paying our suppliers… Nowadays the Electric Company receives the vast majority of invoices through Nipendo’s digital platform, which automatically examines them and provides intelligent validations… Once we started using Nipendo our work processes shortened and became more efficient. The number of people required to handle invoices was reduced and the company’s ability to comply with payment obligations to suppliers improved significantly. We’ve gotten rid of almost all of our large filing cabinets, freeing up a lot of office real estate, have done away with the exhausting filing activities and have almost completely eliminated the need to manually key-in data.”

Masha Alony

Head of Accounting Division

The Nipendo platform has enabled IAI to significantly improve supply chain efficiencies and supplier relations by creating transparency, and by automating the bulk of documentation along with the proper validations.  This has freed up our team to address more value-add challenges, has eliminated data errors, and has enabled us to meet our SLA vis-à-vis suppliers and customers.  Beyond the technology’s ability to address complex matters, the Nipendo team has demonstrated drive, flexibility, and creativity.  All of this has encouraged us to move into new areas with Nipendo and to strive towards making it a one-stop-shop for IAI and its global suppliers.” 

Eyal Morad

Deputy COO and VP Supply Chain

“We deployed Nipendo back in 2017 and found the Nipendo team extremely helpful and professional.  We were able to continue working in our ERP system as before but saw a 180-degree shift in the way invoices were managed and in supplier relations.  Before Nipendo, we manually processed invoices and keyed in data, had piles of paperwork, lost invoices, and missed payment dates.  We now have full transparency into invoice processing and payment status, better supplier relations and an associated improvement in supply chain, along with overall improved organizational efficiencies.”
Yehudit Alkobi
Head of Finance Department

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Explore our Solutions

Organizations that work with a large number and often varied types of suppliers find themselves manually processing the different procurement documents that go back and forth between them: RFPs, Purchase Orders, Invoices, Shipping Notifications, and the like.

Manual processing is time-consuming, inefficient, and expensive, resulting in errors, fraud and sub-optimal supplier relations.

Nipendo built a cloud-based platform that automates all procurement-related interactions between buying organizations and their suppliers, and which is agnostic to spend-type and to the underlying ERP or accounting systems.

The platform automates the entire process from procurement to payment, not just individual documents, as every information exchange between buyers and suppliers encapsulates the entire context and history of the interaction, enabling our platform to perform process governance that’s aligned with corporate policies, rules, and logic.

The Nipendo platform is industry agnostic, which is why we’ve successfully deployed it with companies in the utilities space, as well as in healthcare, aerospace and defense, chemicals, pharmaceuticals, technology, aggrotech, semiconductors, banks, and more!

Key Benefits to Suppliers

Simple connectivity

Proactive user guidance through automated electronic interaction

Full visibility to all events, activities, errors or mismatches

Performance exposure and rating

Self-provisioned responses, error-correction and real-time discrepancy resolution

Significant cost-reduction Around labor, process cycle time, fraud prevention and more.