SAN FRANCISCO, Sept. 19, 2016 /PRNewswire/ -- Building on years of experience in both on-premise and cloud deployment of its invoice automation solution, Inspyrus, a Gold level member of Oracle PartnerNetwork (OPN), announced today at Oracle OpenWorld 2016 that it has extended its solution suite to the Oracle Cloud. Leveraging key cloud services of Oracle's Platform as a Service (PaaS) infrastructure— Oracle SOA Cloud Service, Oracle Infrastructure as a Service, Oracle Document Cloud Service, Oracle Mobile Cloud Service, and Oracle Database Cloud Service—Inspyrus expands its ability to provide organizations with innovative and easy to deploy solutions for invoice automation, dynamic discount management, and supplier enablement.
Nilay Banker, Inspyrus Founder and CEO, remarks: "We are excited to embrace Oracle's vision of Cloud Computing by extending our innovative and market-proven applications to Oracle Cloud PaaS. This will enable visionary organizations to break away from legacy environments by taking advantage of our next-gen invoice automation and dynamic discounting solutions—now with the speed, power, and agility offered by the Oracle Cloud. These new capabilities take full advantage of our unique, patent-pending technologies, including our real-time integration with multiple ERP system from a single application of Inspyrus."
Running Inspyrus applications in the Oracle Cloud, Accounts Payable Managers and CFOs gain control over their invoice processing and discount management, turning their finance department into a profit center. With the new Inspyrus Mobile app, also announced today, the critical facets of invoice management become available to on-the-go managers via native, responsive apps on their mobile iOS and Android devices.
Amit Zavery, SVP and GM Integration Products, Oracle Cloud Platform, concurs: "By embracing the Oracle Cloud PaaS, Inspyrus customers are able to quickly pivot from legacy invoice processing and take advantage of the cloud's capability for fast provisioning, rapid deployment, and fluid scaling. Inspyrus provides yet another compelling reason for organizations to quickly move to Oracle Cloud and reimagine how their finance operations can substantially reduce costs and contribute to profitability."
Inspyrus' patent-pending technology and its unique approach to exception-free invoice processing enables organizations to automate up to 90 percent of their accounts payable operations and potential to save up to 3x the costs compared to legacy approaches and competitive offerings. Inspyrus Supplier Central provides vendors with a portal to access the status of invoices and payments and request early payment discounts. With Inspyrus Dynamic Discounting, organizations have the potential to save millions of dollars (up to 1 – 2 percent of annual spend) by maximizing early payment discounts. Inspyrus' unique ability to integrate real-time with the worlds' leading ERP systems—Oracle E-Business Suite, Oracle's PeopleSoft, Oracle's JD Edwards, Oracle Fusion Applications, SAP, and IBM—makes it an ideal solution to unify and consolidate invoice processing among multiple backend accounts payable applications. This enables organizations to accelerate their pivot to the cloud, while at the same time future-proofing their investment in invoice automation.
About Inspyrus: Inspyrus is a Fintech software development and innovation company that specializes in Accounts Payable Automation solutions that turn finance operations into a profit center. As an Oracle solution partner for Accounts Payable automation, Inspyrus provides solutions for Invoice Automation, Dynamic Discounting, and Supplier Enablement. Supported by several patent-pending technologies and Oracle PaaS, Inspyrus provides out-of-the-box, real-time integration with the world's leading ERP systems, including Oracle's E-Business, Oracle's JD Edwards, Oracle's PeopleSoft and Oracle Fusion Applications. Our solutions are used by some of the most esteemed brands and leading-edge companies in the world, and our success spans over 40 customers across various verticals, ERP systems and geographies—with production environments ranging from 2,500 invoices/month to over 250,000 invoices/month, across 30+ countries and 18+ languages. To find out more visit: http://www.inspyrus.com.
About Oracle PartnerNetwork
Oracle PartnerNetwork (OPN) is Oracle's partner program that provides partners with a differentiated advantage to develop, sell and implement Oracle solutions. OPN offers resources to train and support specialized knowledge of Oracle's products and solutions and has evolved to recognize Oracle's growing product portfolio, partner base and business opportunity. Key to the latest enhancements to OPN is the ability for partners to be recognized and rewarded for their investment in Oracle Cloud. Partners engaging with Oracle will be able to differentiate their Oracle Cloud expertise and success with customers through the OPN Cloud program – an innovative program that complements existing OPN program levels with tiers of recognition and progressive benefits for partners working with Oracle Cloud. To find out more visit: http://www.oracle.com/partners.
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@Oracle OpenWorld 2016
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