Accounting
Inspyrus Releases New Cloud AP Solution
Inspyrus’ patent-pending technologies and its unique approach to invoice processing enables organizations to automate up to 90 percent of accounts payable operations with the potential to deliver up to 3 times the cost savings compared to legacy and ...
Jan. 31, 2018
Inspyrus, a Silicon Valley Fintech Software-as-a-Service (SaaS) company that specializes in transforming Accounts Payable (AP) and finance operations into profit centers, today introduced general availability of Inspyrus C3, the company’s latest version of its award-winning SaaS AP solution that delivers a 10x increase in application performance and more than 30 new features with anytime, anywhere, any device access.
Inspyrus C3 extends the company’s award-winning all-in-one AP solution for Invoice Automation, Supplier Enablement and Dynamic Discounting, with next-gen advancements in application performance, speed of deployment, and a host of new features including application performance management with infrastructure monitoring and synthetic transactions.
“Inspyrus continues its tradition of innovation and technical leadership by once again setting the bar in AP automation with the launch of Inspyrus C3 — first, in usability and AP/finance functionality; next with blazing application performance; and lastly by enabling organizations to quickly generate immediate ROI and new, compelling revenue streams,” said Nilay Banker, founder and CEO of Inspyrus.
“This release serves our existing customers and prospects who demand the latest features, while virtually eliminating the dependency or ongoing reliance on IT resources. Inspyrus C3 was developed with the spirit of “Now” in mind — all available on-demand, delivering the highest levels of performance, and leveraging the best that the Cloud has to offer. The solution has been architected to deliver the highest ROI, the lowest cost of ownership, and the fastest deployment of any solution in its class,” he said.
Inspyrus’ patent-pending technologies and its unique approach to invoice processing enables organizations to automate up to 90 percent of accounts payable operations with the potential to deliver up to 3 times the cost savings compared to legacy and competitive approaches, while also maximizing the capture of early pay discounts (with savings up to 2% of corporate spend).
Inspyrus is unique is its ability to integrate out-of-the-box interactively and in real-time with a company’s enterprise resource planning (ERP) system, and its ability to support multiple ERP systems simultaneously — all within a single application. This has proven to accelerate an organization’s transition of multiple and redundant AP operations into a single shared services model, as well as delivering tremendous results in terms cost savings, paper elimination, process improvements and resource efficiencies.
A recent study by PayStream Advisors identified the top ways organizations are optimizing working capital, leveraging new disruptive approaches to transform AP functions from cost centers to profit centers by unlocking hidden value thereby unleashing new and significant revenue streams. According to the study, dynamic discounting continues to expand its sphere of adoption due to the provocative business case and the number of organizations saving millions of dollars by implementing dynamic discounting as a discipline.
“Inspyrus C3 speaks to Inspyrus’ commitment to continue to add value for customers,” said Jimmy LeFever, director, Research and Consulting, PayStream Advisors. “The company has drawn its roadmap based on functionality that will enhance its solutions core — a modern AP automation solution.”