Intellinetics Expands Partnership with Skyward to Include Payables Automation Solution for K-12 School Districts
Intellinetics (NYSE American: INLX) has expanded its partnership with Skyward to bring its IntelliCloud Payables Automation Solution (IPAS) to the K-12 education market. This expansion builds upon the existing collaboration between Skyward and YellowFolder, Intellinetics' K-12 records management system.
The IPAS solution leverages artificial intelligence to automate AP invoice processing for school districts, eliminating manual steps in scanning, capturing, indexing, and filing. The system automatically categorizes invoices, extracts relevant data, routes documents for approval, and securely stores them for auditing.
This partnership targets Skyward's base of over 2,500 school districts, representing a significant opportunity for IPAS SaaS revenue growth. The solution aims to help school districts modernize their accounts payable processes, reduce fraud, and improve audit readiness while freeing up time for higher-value activities.
Intellinetics (NYSE American: INLX) ha ampliato la sua partnership con Skyward per portare la sua IntelliCloud Payables Automation Solution (IPAS) nel mercato dell'istruzione K-12. Questa espansione si basa sulla collaborazione esistente tra Skyward e YellowFolder, il sistema di gestione dei documenti K-12 di Intellinetics.
La soluzione IPAS sfrutta l'intelligenza artificiale per automatizzare il processo di gestione delle fatture AP per i distretti scolastici, eliminando i passaggi manuali nella scansione, cattura, indicizzazione e archiviazione. Il sistema categorizza automaticamente le fatture, estrae dati rilevanti, instrada i documenti per approvazione e li memorizza in modo sicuro per le verifiche.
Questa partnership si rivolge alla base di oltre 2.500 distretti scolastici di Skyward, rappresentando un'opportunità significativa per la crescita dei ricavi SaaS di IPAS. La soluzione mira ad aiutare i distretti scolastici a modernizzare i loro processi di contabilità fornitori, ridurre le frodi e migliorare la preparazione agli audit, liberando tempo per attività di maggiore valore.
Intellinetics (NYSE American: INLX) ha ampliado su asociación con Skyward para llevar su IntelliCloud Payables Automation Solution (IPAS) al mercado de educación K-12. Esta ampliación se basa en la colaboración existente entre Skyward y YellowFolder, el sistema de gestión de registros K-12 de Intellinetics.
La solución IPAS utiliza inteligencia artificial para automatizar el procesamiento de facturas de cuentas por pagar para distritos escolares, eliminando pasos manuales en la digitalización, captura, indexación y archivo. El sistema categoriza automáticamente las facturas, extrae datos relevantes, dirige los documentos para su aprobación y los almacena de manera segura para auditorías.
Esta asociación tiene como objetivo la base de Skyward que abarca más de 2,500 distritos escolares, representando una oportunidad significativa para el crecimiento de ingresos SaaS de IPAS. La solución busca ayudar a los distritos escolares a modernizar sus procesos de cuentas por pagar, reducir el fraude y mejorar la preparación para auditorías, liberando tiempo para actividades de mayor valor.
Intellinetics (NYSE American: INLX)는 K-12 교육 시장에 IntelliCloud Payables Automation Solution (IPAS)을 제공하기 위해 Skyward와의 파트너십을 확장했습니다. 이 확장은 Skyward와 Intellinetics의 K-12 기록 관리 시스템인 YellowFolder 간의 기존 협력을 기반으로 합니다.
IPAS 솔루션은 인공지능을 활용하여 학교 구역의 AP 청구서 처리 자동화를 통해 스캔, 캡처, 인덱스 및 파일링의 수동 단계를 없앱니다. 시스템은 청구서를 자동으로 분류하고 관련 데이터를 추출하며, 승인 절차를 위해 문서를 전달하고 감사용으로 안전하게 저장합니다.
이 파트너십은 2,500개 이상의 학교 구역을 보유한 Skyward의 기반을 겨냥하며, IPAS SaaS 수익 성장에 대한 중요한 기회를 나타냅니다. 이 솔루션은 학교 구역이 계정 지급 프로세스를 현대화하고, 사기를 줄이며, 감사 준비성을 향상시키고, 고부가가치 활동을 위한 시간을 확보하는 데 도움을 주는 것을 목표로 합니다.
Intellinetics (NYSE American: INLX) a élargi son partenariat avec Skyward pour proposer sa IntelliCloud Payables Automation Solution (IPAS) sur le marché de l'éducation K-12. Cette expansion s'appuie sur la collaboration existante entre Skyward et YellowFolder, le système de gestion des dossiers K-12 d'Intellinetics.
La solution IPAS utilise l'intelligence artificielle pour automatiser le traitement des factures AP pour les districts scolaires, supprimant ainsi les étapes manuelles lors de la numérisation, de la capture, de l'indexation et de l'archivage. Le système catégorise automatiquement les factures, extrait les données pertinentes, achemine les documents pour approbation et les stocke en toute sécurité pour l'audit.
Ce partenariat cible la base de Skyward composée de plus de 2 500 districts scolaires, représentant une opportunité significative pour la croissance des revenus SaaS de l'IPAS. La solution vise à aider les districts scolaires à moderniser leurs processus de comptabilité fournisseurs, à réduire la fraude et à améliorer leur préparation aux audits tout en libérant du temps pour des activités à plus forte valeur ajoutée.
Intellinetics (NYSE American: INLX) hat seine Partnerschaft mit Skyward erweitert, um die IntelliCloud Payables Automation Solution (IPAS) auf dem K-12 Bildungsmarkt anzubieten. Diese Erweiterung baut auf der bestehenden Zusammenarbeit zwischen Skyward und YellowFolder, Intellinetics‘ K-12 Aktenverwaltungssystem, auf.
Die IPAS-Lösung nutzt künstliche Intelligenz, um den AP-Rechnungsverarbeitungsprozess für Schulbezirke zu automatisieren und manuelle Schritte beim Scannen, Erfassen, Indizieren und Archivieren zu eliminieren. Das System kategorisiert Rechnungen automatisch, extrahiert relevante Daten, leitet Dokumente zur Genehmigung weiter und speichert sie sicher für Audits.
Diese Partnerschaft richtet sich an die Basis von über 2.500 Schulbezirken von Skyward und stellt eine bedeutende Gelegenheit für das Umsatzwachstum von IPAS SaaS dar. Die Lösung soll Schulbezirken helfen, ihre Prozesse der Kreditorenbuchhaltung zu modernisieren, Betrug zu reduzieren und die Prüfbarkeit zu verbessern, während sie Zeit für wertschöpfende Tätigkeiten freisetzt.
- Partnership expansion with Skyward provides access to over 2,500 school districts
- New revenue growth opportunity in K-12 sector through IPAS SaaS solution
- AI-powered automation reduces operational costs and improves efficiency for clients
- None.
Insights
The expanded partnership between Intellinetics and Skyward marks a strategic transformation in K-12 financial operations, presenting a compelling growth catalyst for INLX. The integration of their IntelliCloud Payables Automation Solution (IPAS) with Skyward's established platform creates a significant addressable market of over 2,500 school districts, representing a substantial revenue opportunity in the education SaaS sector.
The solution's AI-powered capabilities address critical operational inefficiencies in school district finance departments. By automating invoice processing, approval workflows and document management, the system can potentially reduce processing costs by 60-80% compared to manual methods, based on industry standards for AP automation. This efficiency gain is particularly valuable given the current focus on educational budget optimization and administrative cost reduction.
Three key strategic advantages emerge from this partnership:
- Established Distribution Channel: Leveraging Skyward's existing relationships with K-12 districts significantly reduces customer acquisition costs and accelerates market penetration
- Platform Integration: The seamless connection with Skyward's administrative software creates high switching costs, potentially leading to strong customer retention and recurring revenue
- Sector-Specific Solution: Purpose-built features for K-12 environments provide a competitive edge over generic AP automation solutions
The timing aligns with accelerating digital transformation in education administration, driven by labor shortages and increasing audit requirements. This positions INLX to capture a growing share of the K-12 back-office automation market, which could drive meaningful SaaS revenue growth with attractive margins typical of educational technology solutions (>70% gross margins).
While implementation cycles in education can be lengthy due to budget approval processes and IT security requirements, the partnership with Skyward should streamline adoption. The expansion builds upon their existing YellowFolder integration, suggesting established trust and technical compatibility that could accelerate deployment timelines.
Leverages artificial intelligence and integration capabilities to streamline AP invoice processing
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
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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Investor Contact:
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Intellinetics, Inc.
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Source: Intellinetics, Inc.
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