THINKstrategies, Inc. announced today that Nvoicepay has been named a winner of the Best of SaaS Showplace (BoSS) Award. This program promotes the measurable business benefits delivered by today’s Software-as-a-Service (SaaS) solutions.

The BoSS Awards is an ongoing program administered by THINKstrategies’ Cloud Computing Showplace to recognize SaaS companies that are delivering measurable business benefits to specific user organizations. These benefits can include increased sales, lower costs, higher customer satisfaction, faster operations and greater profitability.

Nvoicepay is transforming the way AP departments pay suppliers by leveraging the unique benefits realized from cloud computing combined with a customer-centric model of administering payment services. Nvoicepay delivers payment automation software enabling enterprises to pay 100% their accounts payable invoices electronically instead of writing paper checks. More than 2,500 customers rely on Nvoicepay to deliver the simplicity, visibility, flexibility and innovation of consumer payments into the B2B payments market.

An example of Nvoicepay’s measurable business benefits is VCC, a major construction firm based in Little Rock, Arkansas. The firm wanted to automate its payments process, eliminate the cost of cutting physical checks, and improve its relationship with the thousands of suppliers the company relies upon. Nvoicepay’s payment automation SaaS solution has enabled VCC to adopt a totally paperless payment system and pay 100% of their invoices electronically. This has reduced VCC’s accounts payable (AP) costs by 75%. VCC also gained improved visibility into its payments activity, enabling more accurate cash flow management and faster payment cycles that has resulted in better pricing from suppliers.

Based on this customer success story, Nvoicepay has been named a Best of SaaS Showplace (BoSS) Award winner.

“We’re very pleased to be recognized by THINKstrategies for the significant efficiencies, cost reductions, and time savings Nvoicepay delivers to our customers,” said Karla Friede, CEO and Co-founder of Nvoicepay. “We are transforming the massive and expensive effort that goes into paying suppliers into a simple automated solution. Our payment automation software enables enterprises of all sizes to scale without adding resources and receive total benefits (cost savings and rebate) of $5 a payment.”

“Organizations are seeking cloud-based solutions to improve their operating efficiency and focus their limited resources on more valuable tasks,” stated Jeffrey M. Kaplan, managing director of THINKstrategies, the strategic consulting firm that conceived and administers the Cloud Computing Showplace. “Nvoicepay’s cloud-based payment solution enables organizations to achieve these objectives and reduce their operating costs.”

For more information about the BoSS Awards, go to http://www.cloudshowplace.com/boss-award/.

Based on the success of the BoSS Awards program, THINKstrategies has launched the Cloud Computing Business Value (CCBV) Awards program that recognizes companies delivering Infrastructure-as-a-Service (IaaS) and Platform-as-a-Service (PaaS) solutions,and Connected Cloud Internet of Things (CCIoT) Award program to recognize IoT companies that are leveraging Cloud services to deliver IoT solutions which produce measurable business benefits for their customers.

For more information regarding THINKstrategties’ awards programs, see http://www.cloudshowplace.com/award-programs/.

Best of SaaS Showplace Awards BoSS Awards Nvoicepay