Intellinetics Expands Partnership with Skyward to Include Payables Automation Solution for K-12 School Districts
January 23 2025 - 4:06PM
Business Wire
Leverages artificial intelligence and integration
capabilities to streamline AP invoice processing
Intellinetics, Inc. (NYSE American: INLX), a digital
transformation solutions provider, is proud to announce the growth
of its IntelliCloud Payables Automation Solution (IPAS) into the
K-12 market through an expansion of its partnership with Skyward, a
school administration software provider committed to helping K-12
leaders spend less time on tasks and more time with students.
The partnership builds on the existing collaboration established
between Skyward and YellowFolder, Intellinetics’ K-12 purpose-built
records management system, and enables finance departments to
leverage artificial intelligence and system interoperability to
save the district time, money, and resources.
Intellinetics IPAS for K-12 utilizes AI to virtually eliminate
all paper and manual steps in the scanning, capture, indexing, and
filing of a school district’s AP Invoices and automates the
approval process while improving transparency and audit
capabilities.
Invoices sent to email inboxes are categorized according to the
school district’s criteria and have all relevant data extracted
from the documents. Invoices are automatically routed to the
respective departments for approval and coding with each department
instantly notified that invoices have arrived and are ready to be
reviewed. Once approved, invoices are systematically and securely
stored in the electronic document management system for fingertip
auditing and archiving.
“As school districts look to modernize manual accounts payable
processes to free up time for higher-value activities, reduce fraud
and increase audit readiness, we are thrilled to complement
Skyward’s industry-leading K-12 school administrative software,”
said James F. DeSocio, President & CEO at Intellinetics.
“Skyward has worked with over 2,500 school districts. Expansion of
our partnership with them marks a significant step forward in the
K-12 sector as a key market for generating significant IPAS SaaS
revenue growth.”
“We are excited to grow our partnership with Intellinetics and
offer this functionality to our clients who want to automate their
AP invoice processing,” said Dave Ilkka, VP of Business Development
at Skyward. “Together, we are committed to providing tailored
solutions that enable school districts to focus on what matters
most - students.”
About Intellinetics, Inc.
Intellinetics, Inc. (NYSE American: INLX) is enabling the
digital transformation. Intellinetics empowers organizations to
manage, store and protect their important documents and data.
Intellinetics’ flagship solution, the IntelliCloud™ content
management platform, delivers advanced security, compliance,
workflow and collaboration features critical for highly regulated,
risk-intensive markets. IntelliCloud connects documents to users
and the processes they support anytime, anywhere to accelerate
innovation and empower organizations to think and work in new ways.
In addition, Intellinetics offers business process outsourcing
(BPO), document and micrographics scanning services, and records
storage. From highly regulated industries like Healthcare/Human
Service Providers, K-12, Public Safety, and State and Local
Governments, to businesses looking to move away from paper-based
processes, Intellinetics is the all-in-one, compliant, document
management solution. Intellinetics is headquartered in Columbus,
Ohio. For additional information, please visit
www.intellinetics.com.
About Skyward
Since 1980, Skyward’s SIS and ERP solutions have helped more
than 2,500 school districts save time, connect with families, and
empower success. By blending advanced technology guided by actual
users with world-class support delivered with a personal touch,
Skyward is the clear choice for K-12 leaders who want to spend less
time on tasks and more time with students. To learn more about the
next generation of K-12 administration software, visit
www.skyward.com.
Cautionary Statement
Statements in this press release which are not purely
historical, including statements regarding future IPAS SaaS revenue
growth, product adoption, future revenues, market share, and
execution of Intellinetics’ business plan; and other intentions,
beliefs, expectations, representations, projections, plans or
strategies regarding future events are forward-looking statements.
The forward-looking statements involve risks and uncertainties
including, but not limited to, the risks and uncertainties related
to a potential revenue reduction from our largest professional
services customer; the risks associated with the effect of changing
economic conditions including inflationary pressures, challenges
with hiring and maintaining a stable workforce, Intellinetics’
ability to execute on its business plan and strategy, customary
risks attendant to acquisitions, trends in the products markets,
variations in Intellinetics’ cash flow or adequacy of capital
resources, market acceptance risks, the success of Intellinetics’
solutions providers, including human services, health care, and
education, technical development risks, and other risks,
uncertainties and other factors discussed from time to time in its
reports filed with or furnished to the Securities and Exchange
Commission, including in Intellinetics’ most recent annual report
on Form 10-K as well as subsequently filed reports on Form 10-Q and
Form 8-K. Intellinetics cautions investors not to place undue
reliance on the forward-looking statements contained in this press
release. Intellinetics disclaims any obligation and does not
undertake to update or revise any forward-looking statements in
this press release. Expanded and historical information is made
available to the public by Intellinetics on its website at
www.intellinetics.com or at www.sec.gov.
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version on businesswire.com: https://www.businesswire.com/news/home/20250123904189/en/
Investor Contact: Joe Spain, CFO Intellinetics, Inc.
614.921.8170 investors@intellinetics.com
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