Category
Partnerships

Railz and Scrypt partner to offer real-time invoicing and accounting reconciliation for SMBs

January 4, 2022
invoice accounting data

It’s an exciting day at Railz as we announce yet another incredible partnership. Our Accounting Data-as-a-Service™ API and Scrypt’s integrated payables and receivables platform for businesses are coming together to automate small- and medium-sized businesses’ (SMBs’) invoicing. We are thrilled to report that Scrypt has partnered with us at Railz to access real-time accounting data to make it easier to reconcile accounts and push and pull invoicing data from the various accounting service providers SMBs rely on. As part of the partnership, Scrypt has integrated Railz’s API to offer its commercial customers faster and easier invoicing processes. 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.

What is Scrypt?

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. Scrypt 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. 

Partnership between Railz and Scrypt automates updating accounting and financial records for SMBs

“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 or supplier data, and other information allows companies who are contemplating Scrypt’s Integrated Payables and Receivables platform easier entry into our next level automation.”

The partnership between Railz and Scrypt offers SMBs the ability to get up and running in less than a day, real-time data collection that can be pushed and pulled, and full automatic accounting and reconciliation of financial accounts.
We are thrilled to be able to share our latest partnership news with you. Railz looks forward to supporting Scrypt in their ability to offer accounting reconciliation of invoicing data and automation of invoicing for small- and medium-sized business customers. Get in touch with our amazing sales team or reach out to Scrypt to learn more about what we do!

Director of Marketing

Samantha Lloyd is the Director of Marketing at Railz. We're building the largest financial data network to support the future of finance. She has a decade of experience building organic growth, brand, and digital marketing for startups and technology companies. In her free time, you can find Sam SCUBA diving, snorkelling, paddle boarding, and jet skiing.