February 1st, 2018
Inspyrus founder and CEO Nilay Banker has been named among the top “Movers & Shakers to Watch in 2018” by Website Magazine.
Forward-thinking, innovative and influential individuals abound in the technology and marketing sector, and they are changing the world and propelling their companies, communities and careers forward. To kick off the new year, Website Magazine is featuring 50 tech movers and shakers who play pivotal roles (or are expected to) in critical areas like commerce, cryptocurrency, content and more.
A Stanford computer scientist, Banker is a revolutionary in an area craving transformation – enterprise finance – leveraging patent-pending SaaS technologies to deliver triple the cost savings of traditional invoice automation solutions and millions saved in early-pay discounts.
Banker’s genesis for starting Inspyrus began when he was heading up an IT systems integration business – a business that quickly gained a reputation as the “Seal Team 6” of System/IT consultancies. In particular, one area the group excelled in was AP re-engineering. Back then, this had been a dark and dusty recess of the enterprise where invoice processing cost up to a hefty $17 a pop; considering many organizations process 100,000 invoices or more per year, it was an area where revenue leakage ran rampant.
It is here that Inspyrus got its inception, where the “better mousetrap” for invoice processing was productized and achieved rapid market success. Today, Inspyrus continues to show impressive year-over-year revenue growth with over 50 customers in 30+ countries and 18+ languages.
At Inspyrus, innovation is in our DNA and we’re extremely delighted that our technology, approach and executives continue to be recognized for excellence.