A History of Innovation

IPS is committed to delivering innovative solutions that transform business.

Our strong focus on innovation-driven solutions has helped us grow into a market leader and will guide us into the future.

    1991

    IPS was founded with the mission to transform document-centric business processes by creating 100 percent digital processes.

    1992

    IPS was the first company to perform database matching, now a key component of document automation.  Our pioneering use of database matching is cited in eight U.S. patents.

    1993

    IPS introduced the first solution to track the flow of documents from end-to-end.

    1996

    IPS introduced the first cloud-based digital repository.

    1998

    IPS leveraged its proprietary database matching technology to become the first vendor to offer “PO flip” – the instant conversion of purchase orders into electronic invoices.

    2000

    IPS integrated advanced technologies to deliver a guaranteed 99.95 percent accuracy rate for data capture – a level of accuracy that few solutions providers will guarantee, even today.

    2002

    IPS introduced the first digital workflow solutions especially designed for invoice automations & approvals.

    2004

    IPS pioneered the automatic routing and assignment of invoices with threshold approvals.

    2006

    IPS became one of the first vendors to automate the classification and sorting of documents.

    2010

    IPS pioneered the use of an online supplier portal for the upload of electronic invoices.

    2014

    IPS was among the first vendors to offer buyers and sellers full access to a single collaborative accounts payable platform, with full metrics on the end-to-end process. 

    2017

    IPS pioneered the use of machine learning to automate general ledger (GL) coding.

    2018

    IPS was the first vendor to use social media collaboration as part of invoice processing.