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INTERNET | Internet Software & Services / Billing, Expense Management and Procurement
invitbox.com

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Stage

Acquired | Acquired

About Invitco

Invitbox is an online automatic data-extraction mailbox for receipt, approval and storage of supplier bills. Invitco's technology accepts PDF bills from suppliers, scans the pertinent data in them line-by-line, and then exports the data to an accounting software program. Suppliers send the PDF files to a dedicated mailbox hosted by Invitco.

Invitco Headquarter Location

3W, 74-84 Foveaux St

Surry Hills, New South Wales, 2010,

Australia

+61 2 9007 0560

Latest Invitco News

Intuit buys Invitco to help bookkeepers put bill processing in the cloud

May 16, 2014

Please make sure both your and your friend's emails are valid. Send to: Separate multiple addresses with commas Subject: Check out this article! http://venturebeat.com/2014/05/15/intuit-buys-invitco-to-help-bookkeepers-put-bill-processing-in-the-cloud/ Your Name: Send me a copy of this email Invalid Captcha, please re-enter Privacy Policy How can big data and smart analytics ignite growth for your company? Find out at DataBeat , May 19-20 in San Francisco, from top data scientists, analysts, investors, and entrepreneurs. There are less than 50 tickets left! Small-business accounting-software maker Intuit says it has bought the Sydney, Australia-based startup Invitco , whose technology eases the burden of accountants by receiving and reading supplier bills in the cloud. Invitco’s patent-pending technology accepts PDF bills from suppliers, scans the pertinent data in them line-by-line, and then exports the data to an accounting software program like Intuit’s Quickbooks. Suppliers send the PDF files to a dedicated mailbox hosted by Invitco. In a blog post yesterday, Intuit suggests that it may fold the Invitco technology into its QuickBooks Online. It may also eventually bring the Invitco magic to other accounting products in its line, according to the blog. Invitco now integrates with a number of accounting softwares, including MYOB, Adept, and NetSuite. Invitco CEO Roger Gregg says that won’t change after the acquisition. “… we are committed to an open-API approach, allowing you to continue to choose which accountancy software you feel is right for you,” he writes in a blog  post. The terms of the acquisition—which is expected to close in a few days—were not disclosed. More about the companies and people from this article:

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Expert Collections containing Invitco

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Invitco is included in 1 Expert Collection, including Fintech.

F

Fintech

10,749 items

Excludes US-based companies

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