iPayables Claims Most Effective E-invoicing Solution

April 22, 2010 - PRLog -- Lake Forest Ca, April 23, 2010

According to a recent study conducted by iPayables, iPayables surpasses major competitors in the area of number of vendors adopted per customer.  The research compared the published number of vendors and customers for major players in the payables automation field.  The study shows over 3,350 suppliers per customer participating in the iPayables InvoiceWorks electronic invoicing solution.  The next closest competitor in the study shows only 620 suppliers per customer.

In an annual report comparing other electronic invoicing companies, PayStream (http://www.paystreamadvisors.com), was quoted as saying, “We were impressed with the strong solution functionality offered by iPayables and the company’s vision and approach to the market.  We believe that InvoiceWorks should be on the radar of every company seeking to automate its receipt to payment processes and those organizations that are looking to strengthen their working capital positions through dynamic discounting”

In the same article PayStream found that iPayables has a unique approach to its solution.  "Of all the vendors profiled in this report iPayables is the only one which sells to both buyers and suppliers validating the fact that it has a true shared network, many to many relationships"  PayStream is a technology research and consulting firm that helps companies plan and evaluate electronic invoicing companies.

“We tout our services as the most effective electronic invoicing offering in the market”, said Ken Virgin, CEO of iPayables.

Also a competitive analysis, revealed strong user satisfaction scores with iPayables InvoiceWorks.  iPayables claims that while the buyer is the customer, much of the success of the initiative is based on the supplier’s experience, as demonstrated in a comment from a supplier in the study, “The website is very user friendly.  All of the support reps at your company have been very helpful.”

About iPayables
iPayables is one of the world’s leaders in electronic invoicing.  Over 26,000 companies in over 150 counties including half of the Fortune100 use our services.  We power the world’s largest industry network under the name IATA Invoice Works. We also provide for approval workflow and payment solutions. To learn more about iPayables log on to http://www.ipayables.com and http://www.ipayables.wordpress.com