The Institute of Financial Operations Welcomes Nipendo as a 2014 Silver Partner

Membership organization adds fast-growing procure-to-pay automation innovator to partnership roster.

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Nipendo is a rapid-growth company with a demonstrable track record of enabling large enterprises to automate procure-to-pay processes across their entire supplier base.

Orlando, Fla. (PRWEB) April 30, 2014

The Institute of Financial Operations is proud to announce that Nipendo, a cutting-edge supplier of cloud-based procure-to-pay automation, has established a silver partnership for 2014.

The Institute offers four levels of partnership — strategic, diamond, gold, and silver — for sponsors that are committed to the membership association’s core financial operations disciplines, which include accounts payable, accounts receivable, information management, and data capture.

“Nipendo is a rapid-growth company with a demonstrable track record of enabling large enterprises to automate procure-to-pay processes across their entire supplier base,” said Michael Mallon, chairman of the IFO Board of Directors. “We are pleased to partner with this innovative company as it continues to expand its footprint across the financial operations landscape.”

Nipendo enables enterprises to achieve more than 90 percent straight-through processing and close to 100 percent compliance of all supplier invoices. Invoices are preemptively validated by the Nipendo platform for data accuracy and compliance with any customer-specific requirements. Invoices are also matched with purchase orders, receiving records, tax and exchange rates, all in real-time. Noncompliant invoices can be immediately corrected by the supplier, ensuring that only fully compliant invoices enter the buyer’s accounting system.

“Financial operations are poised to reap substantial benefits from higher levels of compliance and automation, ranging from reduction in processing costs to greater visibility and access to early payment discounts,” said Eyal Rosenberg, Nipendo co-founder and CEO. “The largest barrier to-date has been supplier adoption. With streamlined onboarding and a range of free to low-cost supplier connectivity options, organizations working with Nipendo are reaching industry-best supplier adoption rates.”

About The Institute of Financial Operations

The Institute of Financial Operations is a membership-based professional association serving the entire financial operations ecosystem, with a particular focus on the accounts payable and accounts receivable disciplines and the related fields of information management and data capture. The Institute grew out of the merger of four associations: International Accounts Payable Professionals (IAPP), International Accounts Receivable Professionals (IARP), the National Association of Purchasing and Payables (NAPP), and The Association for Work Process Improvement (TAWPI).

Based in Orlando, Fla., with affiliates in the U.S., Canada, and the UK, The Institute serves as a global voice, chief advocate, recognized authority, acknowledged leader, and principal educator for people in financial operations. The Institute has a community of nearly 70,000, which includes 9,000 members and customers, and an additional 61,000 financial operations professionals.

The Institute's members have access to benefits and leading-edge resources such as the award-winning Financial Ops magazine, a dynamic content-rich website, educational and networking events, online educational offerings, certification and certificate programs, career resources, and volunteer opportunities.

About Nipendo

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 more than 90 percent 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 http://www.nipendo.com.


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