Edenred Corporate Spending Innovations Expands into Invoice-to-Pay Automation with the Acquisition of Invoice Processing AP Automation Company IPS
Summary
With synergies in large market core verticals including advertising/media, property management, and banking partnerships, this acquisition enhances Edenred CSI’s value proposition by expanding along the procure-to-pay value chain and integrating its digital payments platform with a turnkey invoice automation solution. With a strong focus on technology, backed by unsurpassed customer service and quality, IPS has become a global market leader serving many of the world’s most recognized brands. The acquisition of IPS enables Edenred CSI to extend along the value chain with a best-in-class invoice automation solution as part of a complete end-to-end integrated invoice-to-pay offering. In 2021, thanks to its global technology assets, the Group managed close to €30 billion in business volume, primarily carried out via mobile applications, online platforms, and cards. The IPS platform combines intelligent data capture, robotic process automation, digital workflows, mobile, invoice analytics, supplier management and integration with any ERP application or downstream system.
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