PairSoft, a global leader in AI-driven procure-to-pay and financial automation solutions, announced its acquisition of Nimbello, an accounts payable automation and payments provider with expertise in purchase-order-based invoices. This enhanced matching capability between purchase orders and invoices will bolster PairSoft’s native integration within major ERPs such as the Microsoft Dynamics 365 suite, SAP, Blackbaud, NetSuite, Oracle, Sage Intacct, and many others.
Originally founded as ‘Easy Access’ in Granger, Indiana, in 2010, Nimbello is the brainchild of Milind Agtey, whose extensive finance background pushed him to create AI-powered invoice automation for overworked finance teams in healthcare, manufacturing, and higher education using Workday and Infor SyteLine.
After Milind brought on his son, Sunjay Agtey, in 2020 as VP of Revenue Strategies and Alliances, and his son-in-law, Rohit Tendulkar, as Chief Product Officer in 2023, the business continued accelerating to more than 50 active customers and over 20 million invoices processed.
This acquisition is similarly well-timed for PairSoft, which recently announced a majority investment from TA Associates and is focused on strengthening the direct ERP functionality it’s renowned for. While PairSoft’s existing accounts payable functionality includes two- and three-way purchase-order matching, the purchase-order focus of Nimbello’s platform will strengthen this functionality for Workday, Infor SyteLine, and additional sectors. Similarly, Nimbello’s in-house AI development for invoice processing and GL coding will augment PairSoft’s existing AI capabilities.
PairSoft’s products specifically serve the office of the CFO, with AI-driven accounts payable, procurement, payments, and document management automation providing full cash flow visibility for finance leaders.
JEGI LEONIS acted as the exclusive advisor to Nimbello on the transaction, and Reed Smith provided legal counsel. Financial terms of the transaction were not disclosed.
About PairSoft
PairSoft is a leading provider of procure-to-pay automation, helping businesses optimize their AP workflows with AI-powered solutions and seamless ERP integrations. Its mission is to be the solution of choice for mid-market and enterprise financial services departments that are taking control of their procure-to-pay processes. PairSoft brings enterprise-style capability to B2B transactions, including full process visibility and control, and sustainability support through automation and analytics.
Learn more at www.pairsoft.com.
About Nimbello
Nimbello is an accounts payable (AP) automation platform built to help finance teams eliminate manual invoice processing. With a specialized focus on manufacturing, Nimbello handles complex invoices and multi-line three-way matching while integrating seamlessly with ERP systems such as Infor SyteLine, Microsoft D365, Plex, and Workday. By reducing manual data entry and improving financial visibility, Nimbello enables manufacturers to process invoices faster, improve accuracy, and free their teams to focus on higher-value work.
Learn more about Nimbello AP Automation at www.nimbello.com/Products.
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