IT Convergence and Inspyrus Partner for Invoice Automation, Supplier Enablement and Dynamic Discounting

IT Convergence, a global IT consulting and strategy provider, and Inspyrus, a Silicon Valley Fintech Software-as-a-Service (SaaS) company that specializes in automating Accounts Payable (AP) and finance operations, have announced a joint partnership whereby ITC has selected Inspyrus’ award-winning Software-as-a-Service (SaaS) solution combining Invoice Automation, Supplier Enablement and Dynamic Discounting.

The deal expands ITC’s ERP practice solutions and services portfolio and enabling their 800 expert ERP solution consultants to sell and implement the highly differentiated Inspyrus solution worldwide — immediately extending Inspyrus’ global reach.

For customers, the partnership helps organizations gain greater value and ROI from their existing ERP investments by streamlining accounts payable processing and maximizing supplier early-pay discounts. Businesses have achieved significant results with Inspyrus, which integrates directly with one or more enterprise resource planning (ERP) systems in real-time — all within a single application, accelerating the transformation of AP operations into a shared service.

“The Inspyrus partnership allows ITC to offer clients across the globe the best-of-breed SaaS solution for invoice automation and working capital management,” said Gustavo Gonzalez, IT Convergence chief technology officer. “It directly supports our strategic mission to bring customers the latest innovations that deliver significantly larger returns on their technology investments and maximize their strategic advantage. Inspyrus enables us to offer a truly unique, modern, hassle-free solution that greatly benefits both our Applications Unlimited business, as well as our Cloud customers.”

“We’re excited to be working with IT Convergence and the strategic opportunity our partnership represents. This agreement leverages the best of our mutual synergies and expert capabilities — to deliver not only the complete package (market-leading AP solution with best-in-class IT consulting and services delivery) that customers demand, but also fuel the next level of strategic growth and global reach for both organizations,” said Chris Preston, executive vice president, Inspyrus. “With IT Convergence, we have a leading ERP expert and global partner to rapidly expand our market footprint and enable more businesses turn their AP and finance operations into profit centers.”

“Inspyrus brings additional power to our customers, who already benefit from our strong partnership with Oracle, which made us Cloud Excellence Implementers (CEI) and Managed Service Providers (MSP),” said Sudhir Dubey, vice president of Global Professional Services. “When we add our expertise implementing financial solutions on a global scale to Inspyrus’s innovative approach to transforming finance operations, there can be no doubt that ITC is best positioned to drive exceptional value and optimize business outcomes for our customers.”

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).