Vision33 Buys iDocuments Suite For Accounting Automation Possibilities

Vision33 has acquired the iDocuments product suite from U.K. company Syrantix, Vision33 announced in a Monday (Feb. 1) press release, saying the acquisition will provide the company with access to new automation options and better visibility for B2B processes, among other benefits.

The iDocuments platform integrates with all leading ERP and accounting systems, including SAP Business One, Sage, Infor SunSystems, Exchequer and Microsoft Dynamics, the release says.

It’s a web-based, artificial intelligence (AI)-driven solution and comes with workflow, mobile applications, and integration tools, which will help to make business easier.

The product suite includes Purchasing, AP Automation, Expense Automation and Management, and Sales Order Automation, according to the release.

“The acquisition of iDocuments allows Vision33 to expand our offerings to growing SME customers with comprehensive solutions for business and sales process automation,” says Dan Kraus, Vice President of Global Sales and Marketing, Vision33. “iDocuments and the experienced team of employees that supports it will complement our existing world-class development team and software support program. We’re excited to build on iDocuments’ success with our own strategic roadmap.”

From here, Vision33 says it will continue investing and growing, the release says, and “bring all solutions to the global marketplace.”

In a recent interview, Dan Puleri, vice president of B2B supplier strategy and enablement at American Express, spoke with PYMNTS about the importance of automating B2B processes. Accounts payable (AP) automation has been “leading the way” on digitization, with new virtual cards becoming more common, he said.

For accounts receivable (AR) automation, American Express recently teamed up with AR software company Invoiced, to offer discounted AR automation tech to AXP merchants. AmEx also teamed with HighRadius in order to give companies access to an integrated AR management platform.

Puleri said the automation of AR processing could help companies smooth out operations by making it so companies can pick and choose which tasks to prioritize.