Nvoicepay, which makes payment automation software, and Inspyrus, invoice automation and dynamic discounting software provider, have jointly developed an invoice and payment processing tool, available now.

The goal of Inspyrus Total Pay powered by Nvoicepay, according to the companies, is to help organizations address the high costs and process inefficiencies associated with payments.

Features of the new tool include:

  • The tool automatically pays invoices electronically using ACH, card, electronic print check, iACH and iWire.
  • Continuous payment program support; the tool provides resources for driving continuous electronic payment adoption.
  • Payments are guaranteed, bonded and insured. Clients can pay international suppliers across 170 countries in 140 currencies through the same process as domestic payments.

“We’re very excited to partner with Inspyrus. It’s a natural fit both from a technology and a culture perspective, given both companies’ strong technology innovation focus and commitment to challenge traditional AP conventions,” said Karla Friede, CEO and co-founder of Nvoicepay, in a statement. “Inspyrus’ technology is impressive. Together we’re able to bring higher levels of automation to bear via a holistic invoice automation and payment solution.”

“Our partnership with Nvoicepay brings a new and exciting strategic dimension by adding a best-in-class payment automation solution to the Inspyrus portfolio,” stated Nilay Banker, founder and CEO, Inspyrus. “Companies continue to struggle managing multiple payment methods and processes — especially paper checks.”

To learn more about Inspyrus Total Pay powered by Nvoicepay, visit http://inspyrus.com/total-pay/.

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