The Problem
Companies around the world are feeling the pressure to enhance cash flow, reduce costs and become more environmentally friendly. The process of preparing, printing, mailing and collections associated with traditional paper invoicing and check processing is slow, costly, lacking in accountability and environmentally unfriendly. Accounting software makers generally include a module that allows their customers to create and print invoices for their customers. Now these software companies can partner with Invoice Cloud to enable their customers to move toward the lower cost, cash flow enhancing and environmentally friendly method of electronic invoice presentment and payment (EIPP).
The Invoice Cloud Solution
Invoice Cloud has been formed by senior executives from the electronic payment and information technology industries to provide web based, integrated electronic invoice presentment and payment in partnership with business software companies and their resellers that wish to provide this service to their customers.
Our Mission
Invoice Cloud partners to provide simple, secure web based electronic invoice presentment and payment solutions that reduce costs, speed payments and help the environment.
Our Executive Management Team
Robert P. Bennett, Chief Executive Officer
Bob, an Invoice Cloud founder, created the initial vision for Invoice Cloud as the leading web based provider of Electronic Invoice Presentment and Payment partnerships.
Prior to Invoice Cloud, Bob served as President of Sage Payment Solutions, a multifaceted electronic payment company with over $300 million in annual billings. He spent nearly seven years as a senior manager of Sage Payment Solutions and its predecessor companies (Verus Financial Management and Network 1 Financial). Under Bob's leadership the company sustained strong growth in revenue and earnings while augmenting its indirect selling channel with a direct sales force that spans the country.
Prior to joining NET1, Bob was President of MIC, Inc. a systems integration company based in Arlington, VA. Before MIC, he was a founder and CEO of MicroFridge, Inc., an Inc. 500 award-winning, business-to-business entity with primary markets of College, Military, Hospitality and Senior living environments.
Bob has been awarded two US patents and is part of an inventing team awaiting review on another. He has a Masters degree in Engineering from Northeastern University, a Bachelors degree in Applied Mathematics from the University of Maine and has completed the Harvard Business School Owner President Management (OPM) program.
Robert M. Lapides, Executive Vice President
Bob, an Invoice Cloud founder, is a successful senior executive with more than 25 years of sales, sales management and operational experience in the software, SaaS and consulting services marketplaces. He played a key role in building three companies that were either sold or had successful initial public offerings.
Prior to Invoice Cloud, Bob was the Executive Vice President of Field Operations at Black Duck Software, a global provider of products and services that manage the use of open source and third-party code. He led the sales, professional services and business development teams responsible for driving the rapid worldwide growth of the business.
Prior to joining Black Duck, Bob was Corporate Executive Vice President and General Manager, Enterprise Division, of Ardence Software, a company that developed a Software-Streaming solution and an Embedded OEM Development Platform. He led the high growth Software-Streaming solution Division and ensured a smooth transition after the sale of the business to Citrix Systems. Before Ardence/Citrix he was the SVP Sales and Services for EnvoyWorldWide (56% annual growth), a SaaS provider of interactive notification solutions for the delivery of time-sensitive notifications. Prior to Envoy he was a member of the executive management team at i-cube, helping bring the consulting services firm public before its subsequent sale to Razorfish, another public company.
Bob has a BS in Management from Boston College.
