NVoicePay Named AP Technology of the Year by PaySteam Advisors

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Company honored for technology innovation in B2B electronic payments

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NVoicePay’s product, AP Gateway, is remarkable for its flexible and simple design, its smooth workflow and vendor management capabilities, and its overall success in eliminating paper checks and creating savings for businesses.

NVoicePay Inc., the leader in cloud-based B2B payments, today announced that its ePayments solution AP Gateway was named “AP Technology of the Year” by leading independent research and advisory firm PayStream Advisors. NVoicePay was honored with the award at PayStream INNOVATE 2014 Summit on September 9th, 2014.

“The PayStream INNOVATE Awards recognize organizations who have demonstrated excellence and innovation in their purchase to pay processes, as well as technology providers that offer best-in-class solutions,” said Henry Ijams, managing director at PayStream Advisors. "NVoicePay’s product, AP Gateway, is remarkable for its flexible and simple design, its smooth workflow and vendor management capabilities, and its overall success in eliminating paper checks and creating savings for businesses. We are proud to honor NVoicePay with the AP Technology of the Year award.”

Over 200 companies were considered for the award, with final recipients selected by the PayStream Advisors Advisory Council. Along with NVoicePay, other PayStream INNOVATE Award winners include Coupa Spend Optimization Platform for “Procurement Technology of the Year” and SciQuest Spend Management Suite for “P2P Technology of the Year”.

“Despite all the obvious benefits and promise, B2B payments have been severely underutilized due to technology limitations and the inability of financial institutions to deliver the services required to enable 100% of suppliers for payment” said Karla Friede, CEO of NVoicePay. “We applaud PayStream Advisors’ focus on optimizing purchase to pay processes and best practices, and we are honored to be recognized for our innovation in B2B payments.”

NVoicePay continues to experience rapid acceleration, posting triple-digit growth in payment transaction volume and five consecutive years of dramatic sales growth. The company has expanded to serve customers in new vertical markets including manufacturing, medical, construction, distribution, restaurants, retail, government entities and non-profits. NVoicePay partners with thousands of enterprises across multiple industries to process billions of dollars in payments each year.

NVoicePay AP Gateway is a simple cloud-based payment application that works with every ERP system, any banking relationship, and all payment types. NVoicePay’s best-in-class supplier enablement and end-to-end payment support services ensure 100 percent of suppliers are paid electronically. As a result, NVoicePay customers eliminate paper-based processes reducing AP costs by 75 percent; increase payment visibility and control; and increase card based rebates.

About NVoicePay
NVoicePay is the leader in cloud-based B2B payments for the enterprise. Organizations across multiple industries trust NVoicePay to streamline invoice payments, reduce AP costs, and generate new revenue thru integrated AP card rebates. Only NVoicePay offers a simple, secure cloud-based workflow that works with every accounting system, all banking partners, and provides best-in-class vendor services to assure success. For more information, visit http://www.nvoicepay.com

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HEATHER RACICOT
@NVoicePay
since: 07/2012
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