Accrualifys apartment of solutions automates abounding processes about absorb administration including bell-ringer onboarding, acquirement orders, invoices, payments and akin accruals.
SAN MATEO, CA – September 13, 2018 – Accrualify, Inc., a procure-to-pay absorb administration software company, appear today a $3.2 actor Series A allotment annular led by Accumbent Partners with accord from antecedent investors.
This new beverage of basic will be acclimated to ammunition growth, aggrandize Accrualifys technology infrastructure, and aftermath avant-garde artefact enhancements including added advance in apparatus acquirements and bogus intelligence.
“We are at the alpha of a about-face in how enterprises are accomplishing business,” said Benjamin Portusach, CEO and Co-Founder of Accrualify. “Our apartment of articles focus on automating abstracts access and leveraging apparatus acquirements and AI to accomplish these tasks. We are aflame to be able to abide innovating and aition action procure-to-pay.”
Accrualifys apartment of articles abode the aerial amount to action a distinct supplier invoice, advice gaps amid accounts payable and bell-ringer or non-finance employees, balance chiral abstracts input, and a abridgement of a comprehensive, distinct antecedent of accuracy for aggregation spend.
“Most companies are application disparate systems to administer their P2P processes. They may accept one arrangement for acquirement adjustment management, addition for balance processing, and assorted afar systems for bell-ringer onboarding,” said Portusach. “There’s no agreement these systems acquaint with anniversary added and may crave a abstracts access basic for each. We are alteration that, automating abounding of the processes, and extenuative accumulated accounting teams admired time.”
“Our technology assemblage allows us to be agile, disruptive, and innovative,” said Mike Hang, CTO and Co-Founder of Accrualify. “Our adeptness to administer the latest technology to anachronous business practices sets us apart. I attending advanced to actuality able to abide blame our technology and the challenges ahead.”
According to Susan Mason, Managing Partner at Accumbent Partners, it is currently an avant-garde atmosphere for business-to-business payments and bell-ringer management. “We’re seeing abounding abstruse advancements in the B2B amplitude that accommodate added able payments in a array of ways. This accompanying with the appearance of automation in accounts organizations fabricated advance in a startup like Accrualify actual appealing. Accumbent Partners is aflame about our advance in Accrualify. The teams acquaintance in carrying high-value solutions to barter fabricated for a acute advance befalling in a ample marketspace.”
Performance to Date
In 2018, over 10,000 users activated Accrualifys belvedere to aid advice amid vendors and purchasing companies, abate abstracts input, and actualize added ability processing invoices. The company’s user abject has developed by added than 100% back the alpha of the year, while its revenues doubled.
Whether barter are attractive to automate acquirement adjustment approvals, accretion appraisal bookings, balance processing, or the bell-ringer on-boarding process, Accrualify offers a advanced array of articles accoutrement the abounding procure-to-pay cycle. The company’s articles are all accessible alone or as a suite, and all accommodate with users ERP systems and coffer accounts.
Accrualify was founded in 2015 and maintains a loyal chump base. The aggregation has bogus partnerships with Silicon Valley Coffer and Transferwise to accomplish both calm and all-embracing supplier payments a seamless acquaintance in the Accrualify platform. Headquartered in San Mateo, California, the aggregation has developed both its North American and Indian operations in the accomplished year.
About Accrualify, Inc.
Accrualify offers mid- and enterprise-level companies cloud-based automation solutions to bigger administer their Procure-to-Pay and accounts payable processes. Accrualifys articles accredit added able and automatic administration of acquirement orders, accruals, invoices, payments, bell-ringer management, and budgeting. Their mission is to advantage bogus intelligence (AI) and apparatus acquirements to abode the abounding affliction credibility accumulated accounts organizations face on a circadian basis. It was this assumption that led Accrualify to advance a artefact that automates month-end accretion processes.
To apprentice added about Accrualifys P2P and AP automation tools, visitwww.accrualify.com.
About Accumbent Ventures
Aligned Partners is a adventure close committed to the abstraction that the interests of founders and investors can and should be aligned. Back 2011, the adept aggregation at Accumbent Partners has been enabling capital-efficient companies in the B2B area alpha angular and break angular throughout their advance cycles, with bigger outcomes for founders and investors alike. As hands-on early-stage investors, Accumbent Partners is the bellwether for a new brand of adventure basic advance leveraging adeptness and alignment. The close manages over $100 actor beyond three funds.
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