Spend Matters 50/50: Nipendo – A Provider to Watch
We’re into our second week of the launch of the 2014 Spend Matters 50/50 (see Providers to Know and Providers to Watch), and we’re keeping our promise to keep featuring providers on the list based on the speed with which they returned their RFI for inclusion in the Spend Matters Almanac. Having submitted their Spend Matters RFI upon selection almost as fast as a straight-through processed invoice, Nipendo is today's featured 50/50 member. They are a supplier network/platform provider, one that has wowed us ever since moving past their regional roots in the Israeli market. See recent coverage of Nipendo on Spend Matters (here, here, here, here, here, here and here).
Nipendo has many claims to fame (in our view), and one of them is machine-to-machine integration across all supplier types/sizes that is the centerpiece of its platform-based connectivity approach. In fact, Nipendo even has gone so far as to guarantee that it will be able to connect suppliers in a systems-to-systems manner for e-invoicing to enable the straight-through processing of invoices with this promise: if it’s not processed automatically (i.e., approved or kicked-back to the supplier), you don’t pay.
In addition, Nipendo's ability to capture, persist, and link data allows customers to build greater visibility into purchasing, accounts payable and supplier management activities and potential risks as a result. Our reference discussions with Nipendo customers (including one of the biggest regional, non-government healthcare providers and the largest global semiconductor provider) have substantiated claims about the type and depth of connectivity that Nipendo enables through its platform approach.
Nipendo is the real deal when it comes to supporting both application capability in P2P, such as e-invoicing and the connectivity or network layer itself (although it is built in a many-to-many fashion and is capable of enabling multi-tier visibility, unlike other first generation supplier networks). We believe they are a serious threat (as it should be) to both legacy network players and EDI vendors across industries. But it’s more than just a potential replacement for those, as well as for an applications provider. Nipendo brings novel ideas not only to connectivity models and functional enablement, but also to more mundane (yet critical) areas such as supplier enablement and on-boarding strategies to maximize uptake.
For these combined factors, we are thrilled to place Nipendo on the Spend Matters 50/50 Providers to Watch list. Run – don’t walk – to learn more about Nipendo if you’re curious about where P2P, supplier networks, and platforms are headed.