The NIVO1 Digital Supply Chain Network allows buyers and suppliers to conduct business and get access to low-cost working capital solutions. The Network digitally connects any company with its suppliers, enabling the entire supply chain to transact and collaborate. The NIVO1 Network includes AP Automation, a Supplier Portal, Corporate Payments, and Working Capital solutions.
According to the Aberdeen Group, it takes on average 14.2 days and costs between $5 and $25 to process an invoice manually. NIVO1 AP Automation changes all that. It digitizes and automates the entire process, dramatically reducing errors and improving processing speed. Users experience productivity increases of 6 to 8 times, with no errors.
The NIVO1 Supplier Portal is a secure, cloud-based application that enables suppliers to submit invoices and manage inquiries on their own, and get immediate access to working capital. Suppliers gain transparency and predictability of their cash flow. You get your AP team back while building trust with your suppliers.