nipendo
RPA and AI Platform for Purchase-to-pay Process Automation
Company Overview
Snapshot
Founded in January 2007 by Eyal Rosenberg and Alon Rosenberg, nipendo operates with 11–50 employees. The company raised a total of $12 million across two funding rounds. In January 2023, nipendo was acquired by American Express.
Business overview
nipendo provides a cloud-based robotic process automation (RPA) platform designed to automate and streamline purchase-to-pay (P2P) processes and enhance supplier collaboration. The platform leverages RPA, machine learning, and AI technologies to make P2P processes touch-free and error-free, offering features like process governance, compliance enforcement, audit and validation, dispute resolution, and supplier rating. nipendo serves enterprises across various industries, helping them automate direct and indirect P2P processes for goods and services.
Strategic signal
In January 2023, nipendo was acquired by American Express, a significant move that validates the company's innovative approach to B2B payments automation. This acquisition signals American Express's strategic intent to enhance its offerings in the fintech space, particularly in automating complex procure-to-pay processes, and highlights the growing importance of AI and RPA in modern financial operations.
Log in to access full profile ›Company Intelligence Q&A
- What was a significant recent corporate development for nipendo?
- nipendo was acquired by American Express in January 2023, integrating its B2B payments automation capabilities into the financial services giant.
- What is nipendo's core technology?
- nipendo utilizes a cloud-based robotic process automation (RPA) platform, incorporating machine learning and AI technologies, to automate purchase-to-pay processes and supplier collaboration.
- When did nipendo receive recognition from Gartner?
- In June 2014, nipendo was named a "Cool Vendor" by Gartner, acknowledging its innovative solutions in the market.
- Has nipendo been recognized with industry awards?
- Yes, nipendo won the 2015 Supply & Demand Chain Executive 100 Award in June 2015 for its contributions to the supply chain industry.
- Did nipendo secure any patents for its technology?
- Yes, nipendo was awarded a patent for Automated B2B Integration and Supplier Collaboration in June 2015.