Invoice Cloud™ Names Robert Lapides Senior Vice President, Market Development
FOR IMMEDIATE RELEASEExperienced business leader joins MicroFridge entrepreneur and former Google executive to boost reach of web-based electronic invoicing service.
Boston, Ma – August 12, 2009 – Invoice Cloud, the leading e-invoicing service for software providers and resellers, announces the appointment of Robert M. Lapides as co-founder and senior vice president of market development. Lapides will lead the sales and market development activities for select vertical and horizontal partnership areas. His more than 25 years of experience with software, services and software as a service companies offer an extensive knowledge base to software companies and systems integrators who want to expand their business opportunities, increase their profits and attract new customers.
Invoice Cloud CEO, Bob Bennett says, “Lapides is a proven, senior executive with a successful track record. He played a key role in building three high tech companies that were either sold or had successful initial public offerings. He’s also a lot of fun to work with, which is an important component of the Invoice Cloud culture.”
Lapides joins the Invoice Cloud management team from Black Duck Software, the leading global provider of software component management solutions, where he was the executive vice president of field operations. He led the sales, professional services and business development teams responsible for driving the rapid worldwide growth of the business. Prior to Black Duck, he was executive vice president and general manager of the enterprise division of streaming platform provider, Ardence, a Citrix company. His previous executive management roles included senior vice president of worldwide sales and customer service at EnvoyWorldWide, senior vice president of market development at I-Cube and subsequently Razorfish after the merger of the two companies. He also held operational management roles at Liant Software and NCR. Lapides holds a BS in Management from Boston College.
Invoice Cloud™ solves a big problem for organizations that spend too much time and money sending out paper bills and processing paper checks. Invoice Cloud provides an easy to use, low cost, custom branded, e-billing and e-payment solution that reduces billing and collections costs by as much as 90%. A 2008 Gartner Group survey of 100 companies with sales of $100 million or more, reveals that a savings of $5.7 million a year could be realized for businesses that bill electronically if a mere 2.3% of their invoices are viewed, paid and disputed online. What’s even more compelling is that there’s little to no upfront cost and the solution can be operational in days or weeks, not months.
As Lapides puts it, “It’s not a matter of ‘if’ customers are going to receive invoices and make payments on-line; it’s a matter of when.” According to the July, 2009 issue of Digital Transactions, an estimated 64.4 million households paid at least one bill either through a bank site or a biller’s site.
Lapides believes that the Invoice Cloud partner model is a key differentiator. His go-to-market strategy is to build partnerships with software companies and their leading resellers and systems integrators. Says Lapides, “Our partners provide integration support and share revenue on all invoicing and payment transactions, without incurring the development costs related to payment card industry (PCI) compliance. Together, we provide billers with cost savings, enhanced cash flow and improved customer service to create a true win-win.”
About Invoice Cloud, Inc. Invoice Cloud, Inc. (www.invoicecloud.com) is a web-based, electronic invoice presentment and processing company. Invoice Cloud partners with business software companies and their resellers to provide faster, more convenient and less expensive billing services to their customers.
Contact Info:
Invoice Cloud
877-256-8330 x2521
pr@invoicecloud.com