Boston--January 4, 2022--Scrypt, the next level payables automation provider, today announced its partnership with Railz, the only Accounting Data-as-a-Service API that connects, normalizes, and provides analytics on financial and accounting data on small- and medium-sized businesses. By using the Railz API, Scrypt will be able to access its customer’s accounting data much quicker without the need for full integration into commercial customers’ accounting systems or ERPs.
Scrypt also recently launched its integrated payables and receivables platform enabling businesses to take their existing AP and AR processes to the next level with truly touchless AI data capture technology.
“For companies with limited accounting or IT resources, it could mean valuable savings on one-time, upfront implementation fees,'' says Andy Vidan, Scrypt CEO and Co-Founder. “This real-time access to accounting data without the need to manually update new and existing records, vendor/supplier data, and other information allows companies who are contemplating Scrypt’s Integrated Payables and Receivables platform easier entry into our next level automation.”
This partnership offers businesses benefits such as:
“Our partnership with Scrypt’s platform and Railz’s Accounting Data-as-a-Service™API enables businesses to automate a formerly manual process. With the Railz and Scrypt integration, businesses can automate invoicing, as well as push and pull invoicing records to reduce time spent on manual invoicing,” says Railz’s Co-founder and CEO, Sohaib Zahid.
Scrypt’s Integrated Payables and Receivables platform is a cloud-based solution that delivers next level automation. Powered by artificial intelligence and machine learning, Scrypt’s AI Data Capture Technology can read any document or image, learn over time and perform human-like decisions, eliminating the many manual touchpoints in otherwise automated AP and AR processes. In addition to increased efficiency and cost savings, Scrypt offers more accuracy and higher security than automated AP and AR processing that relies on humans. Learn more about Scrypt by visiting www.scrypt.ai.
Railz is building the largest financial data network to support the future of finance. Through a single API, Railz connects to major accounting and financial service providers to get data on businesses. It does this to support their financial service providers, financial institutions, and fintechs, giving them the ability to make decisions faster and more effectively for their commercial and small business customers. Out of Toronto, Canada the fintech company recently raised its Series A to scale their Accounting Data-as-a-Service™ solution.