Nipendo: Tradeshift has Company for Platform-Centric e-Invoicing (Spend Matters)

General News

Summary

Nipendo can also alert users, for example, if a supplier does not respond to a request or if other elements (e.g., release schedules) of activity are not happening at specific tiers in the supply chain as they should according to a defined plan. For example, traditional transactional mapping might take the form of translating an EDI or XML schema from one format to another. Nipendos e-invoicing approach leverages the underlying platform by enabling more than just basic translation, routing, and transactional validations to occur in the network “cloud.” Nipendo enables basic connectivity approaches as well as more advanced transactional, business process validations and changes (e.g., amendments) to occur on the platform level because it is able to abstract all inbound documents and metadata into a persistent, translated and standardized structure It can then push information either into Nipendo’s application, other network “apps,” or a buyer or supplier’s own system. While the potential uses of a platform-based approach to connectivity are endless, Nipendo has enabled the following general connectivity use cases to date: RFQ, purchase order (PO), advanced ship notifications (ASN), delivery notes, warehouse receipts, invoice drafts, pro-forma invoices, e-invoicing (credit/debit), payment notices, GL information, and supplier master data. We’ll continue our review of Nipendo on Spend Matters Plus/PRO in the coming weeks, taking a closer look at the provider’s e-invoicing capability on a comparative basis as well as their network-driven approach to connectivity.

Classifications

industries
Manufacturing Industry
applications
Accounting and Taxes

AskAI Classifications

Labels
Invoice Automation Software Procure-to-Pay Software Business Process Management Software

Linked Companies

Nipendo
$10M to $25M
Tradeshift
$10M to $25M