Xign Corporation is the leader in on-demand Order To Pay software. With Xign, organizations transform their financial settlement operations from an inefficient, paper-bound activity to a streamlined, electronic process. In addition to dramatically reducing Order to Pay processing costs and cycle time, the Xign service expands early payment discount opportunities, strengthens supplier relationships, and delivers a rapid return on investment.
Xign's flagship offering, the Xign Payment Services Network, provides a complete electronic order delivery, invoice processing, and payment service for business-to-business commerce. With tens of billions of dollars processed to date, a fast growing supplier network of 25,000+, world class customers such as Sprint, Armstrong World Industries, Bristol-Myers Squibb, Payless ShoeSource, and T-Mobile, and best-in-class functionality, Xign offers the most complete and widely deployed on-demand service of its kind.
The Xign service is quick to deploy and offers immediate value. Its shared supplier directory, engineered for Order To Pay processing, leverages supplier participation, eliminating one-to-one interaction for vendor set-up and maintenance. Xign integrates easily with popular ERP, sourcing, procurement, and contract management applications. It is also pre-integrated with leading financial services providers to offer secure, precise movement of funds via bank-provided Automated Clearing House (ACH) processing and the MasterCard Corporate Purchasing CardŽ network.
By collapsing the time required to approve and pay invoices, the Xign service helps A/P organizations reduce their payables processing costs by more than 50 percent and, for the first time, monetize early payment discounts. For suppliers, Xign offers an easy, self-enrollment service that delivers real-time settlement information to better manage day sales outstanding (DSO), quickly apply cash, and lower collection costs.
Key Benefits of Xign Order To Pay Service
- Reduces processing costs and cycle times by 50% or more
- Monetizes early payment discounts, reducing costs of goods and service
- Accelerates the payback and mitigates supplier activation risk via shared supplier directory
- Delivers supplier value through invoice-payment visibility, faster dispute resolution, and reduced DSO
- Extends the value of corporate purchase card programs
- Lowers cost of ownership while maximizing ROI through on demand service model
- Supports any ERP, sourcing, procurement and contract management application
Founded in 2000, Xign has received financial backing from Charles R. Schwab; premier venture firms that include Financial Technology Ventures, Matrix Partners, and Charles River Ventures; and MasterCard International. Xign has been honored as a "Top Ten e-Finance Company" at the Technologic Partners' Financial Outlook Conference. The company is headquartered in Pleasanton, CA.
