Nipendo

b2b fintech

FOUNDING YEAR: 2008
LOCATION: United States
Last Update: 17/07/2020

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About

Cloud supplier network platform that streamlines Purchase-to-Pay (P2P) interactions between enterprises and their suppliers across all spend categories and all supplier base, making all P2P processes automated, touch-free and error-free and reducing over 85% of human labor, automating all rote decision making and off-loading discrepancy resolution.Nipendo is the world first RPA (Robotic Process Automation) platform for purchase-to-pay + A&F processes automation, which is modular, highly flexible, proactive and responsive to compliance rules and process logic, resulting with unparalleled supplier adoption rate of 90% plus, massive process improvements and savings, touch-free and error-free P2P + A&F process. Nipendo platform is built to help enterprises Extend, Scale and Automate their P2P processes:- Extend: Keep existing P2P processes while enabling your suppliers to participate in your enterprise processes seamlessly without changing their existing processes - Scale: On-board hundreds/thousands of suppliers in weeks/months, simply and rapidly great user experience- Automate: Smart-Bots replace cubical work, automating decision making, eliminating administration and manual processingNipendo Supplier Cloud is used by leading organizations across industries, including multinationals such as KLA Tencor, Kodak Alaris, the world largest chip manufacturer, Teva Pharmaceuticals, Amdocs, CheckPoint and many others.

MEDICI Analysis

Nipendo is a cloud-based platform that allows buyer organizations to streamline procure-to-pay processes across their entire supplier ecosystem, lowering the cost of doing business while increasing supply chain efficiency. Nipendo’s real-time invoice approval and reconciliation capabilities, organizations are able to optimize their working capital positions, accelerate cash conversion cycles, capture a greater portion of available early payment discounts, and provide suppliers with a range of supplier financing options.

Focus

PRODUCTS & SERVICES

Cloud based software for procure-to-pay

MAIN CLIENTS

Clalit Healthcare Services

Intel

Kodak Alaris

Pfizer

HP

Lilly

IBM

Office Depot and Teva

People

FOUNDERS

Alon Rosenberg

Eyal Rosenberg

NUMBER OF EMPLOYEES

51-200

INVESTORS:

Horizons Ventures

Magma Venture Partners

Momentum

FUNDED

YES

TOTAL FUNDING

$12 M

DATE OF LAST FUNDING

Mar 2013

FUNDING SERIES

SERIES A  · $4 M  · Oct 2009

SERIES B  · $8 M  · Mar 2013

LISTED

NO

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