Product News: Tipalti partners with Vindeo, Teampay, Sovos
Tipalti partners with Vindeo, Teampay, Sovos
Tipalti, which makes payments and accounts payable software, has entered into new accounts payable partnerships with three new vendors: Vindeo, which makes invoice financing and payroll funding solutions; Teampay, a creator of virtual debit cards for business purchasing; and Sovos, a provider of tax and business-to-government compliance software. Businesses that use Tipalti can now access all three of these apps via Tipalti’s software, accessing capital from Vindeo, streamlined supplier onboarding and payment operations from Teampay, and tax compliance services through Sovos.
“As companies grow and transform, they need to modernize their finance operations to transition AP from a cost center to a profit center, while reducing tax, fraud, and regulatory compliance risk exposure,” said Chen Amit, CEO and co-founder of Tipalti, in a statement. “We are thrilled to partner with Vindeo, Teampay, and Sovos to further transform accounts payable processes and give our joint customers a best-in-class AP and supplier payments operation.”
BlueVine attracts investment from Microsoft, now has $72M in Series E funding
Small business loans provider BlueVine has raised another $12 million from new investors, including M12, Microsoft's venture fund, and the venture arm of insurance and financial services provider, Nationwide. This brings the company’s total series E funding to $72 million. It previously secured $60 million from Menlo Ventures, SVB Capital and other investors. BlueVine provides technology-enabled working capital solutions for small and midsized businesses, and its software integrates directly with Xero and QuickBooks Online.
DocuWare’s revenue up 112 percent in first half of 2018
DocuWare, a provider of cloud solutions for document management and workflow automation, has seen its cloud revenues grow 112 percent during the first half of 2018. The company, which serves midmarket businesses, is growing its partner channel based on industry predictions that 78 percent of small to midsized businesses will move to some form of cloud computing in the next two years.
“There is no doubt that the release of DocuWare version 7 and the launch of our cloud-only DocuWare Kinetic Solutions, are critical components to our cloud growth this year,” said Jürgen Biffar, DocuWare founder and co-president, in a statement. “With two brand-new cloud solutions targeted at finance and HR teams, we’re helping organizations shift manual processes to digital ones, with minimal downtime during the transition and high long-term value for every DocuWare user.”