Nipendo

Nipendo enables organizations to increase their competitive advantage by eliminating manual intervention in ALL RFP-to-pay processes through the use of intelligent hyperautomation. It is a modular, end-to-end Cloud platform that provides robotic process governance, compliance management and error removal by using advanced software bots, Artificial Intelligence and Machine Learning technologies.

A typical deployment takes between 10 and 12 weeks and is comparatively easy and resource-thin owing to the use of pre-developed, out-of-the-box Best Practice templates.

Nipendo complements existing ERP systems, spend management solutions, and enterprise procurement applications, leveraging their capabilities without requiring custom coding or mapping. It has a track record of onboarding a staggering 93%+ of suppliers for full participation in the platform, within a matter of months, which translates into an impressive ROI. The solution undergoes continuous process improvement through the use of Artificial Intelligence and is highly scalable.

Company Info

Address

One Beacon Street, Boston, MA, 02108, United States

Phone

6787828085

Email

ilan.friedman@nipendo.com
50 to Know / 50 to Watch / Future 5

In Their Own Words: Nipendo

Organizations that work with a large number and often varied types of suppliers find themselves manually processing the different procurement documents that go back and forth between them: RFPs, Purchase Orders, Invoices, Shipping Notifications, and the like. Manual processing is time-consuming, inefficient, and expensive, resulting in errors, fraud and sub-optimal supplier relations.

Nipendo enables organizations to increase their competitive advantage by eliminating manual intervention in ALL RFP-to-pay processes through the use of intelligent hyperautomation. It is a modular, end-to-end Cloud platform that provides robotic process governance, compliance management and error removal by using advanced software bots, Artificial Intelligence and Machine Learning technologies.

A typical deployment takes between 10 and 12 weeks, which is unparalleled in the industry, and is also comparatively easy and resource-thin owing to the use of out-of-the-box Best Practice templates that were developed over several years of working with some of the world’s leading, cross-vertical enterprises.

With Nipendo, deployment results in minimal business disruption as it complements existing ERP systems, spend management solutions, and enterprise procurement applications, leveraging their capabilities without requiring custom coding or mapping.

Nipendo has a track record of onboarding a staggering 93%+ of suppliers for full participation in the platform, within a matter of months, which translates into an impressive ROI. The solution undergoes continuous process improvement through the use of Artificial Intelligence and is highly scalable.

The Nipendo platform automates the entire, end-to-end process from RFP through Payment, not just individual documents. Each exchange of information between the buyer and its suppliers encapsulates the entire context and history of the interaction such that if an invoice, for example, is received, Nipendo is already aware of the entire order history, including pricing and terms and whether goods have been received and in what condition. Based on this contextual understanding, Nipendo can automatically approve the invoice for payment without manual intervention or hold the invoice while prompting the supplier to correct discrepancies. The intricate level of metadata attached to each document allows buyers to define very specific ways for handing each supplier interaction.

With Nipendo, all trading partners win. Buyers gain greater transparency to delivery schedules and the confidence of meeting production timelines, while Suppliers deliver more efficiently and cost-effectively because they know precisely what their customers expect, resulting in faster payments as well as access to early payment and other financing options.

Key Benefits to Buyers
• Streamlined and simplified interactions with suppliers
• across all spend categories
• goods and services
• all supplier types and sizes
• Touch-free and error-free P2P processes
• A platform that provides:
• process governance
• compliance management and enforcement
• audit and validation
• dispute resolution
• discrepancy management
• supplier rating
• Simple implementation using Best Practice templates
• A modular and configurable solution
• Competitive total cost
• Significant cost-reduction around labor, process cycle time, fraud prevention, error-elimination, improved on-time supply and vendor performance
• Financing Options and Dynamic Discounting

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