Electronic invoice and payment solutions provider Xign Corporation has announced that more than 6,500 suppliers are now active in its payment services network (XPSN). The network automates the invoice to payment process, linking buyers and suppliers in a secure, electronic settlement network. With Xign’s shared supplier architecture, buyers choosing Xign to automate their accounts payable operations can now settle electronically with more that 6,500 independent suppliers. Commenting on the reasons for this uptake, Henry Ijams, founder and managing partner of PayStream Advisors, said: ‘The inefficiencies of paper-based invoice and payment processes create problems and unnecessary costs for buyers and suppliers alike.’ XPSN suppliers range from small companies of one or two people to Fortune 500 companies, representing most industry segments.
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