Intellinetics Partners with Skyward to Streamline K-12 Finance

Intellinetics Enhances Partnership with Skyward for K-12 Schools

In a move aimed at transforming financial operations, Intellinetics, Inc. (NYSE American: INLX), a leading provider of digital transformation solutions, recently expanded its partnership with Skyward, an innovative software provider for K-12 schools. This collaboration introduces the IntelliCloud Payables Automation Solution (IPAS) to the K-12 education sector, designed to streamline administrative tasks and improve efficiency within school districts.

Leveraging Technology for Streamlined Operations

The expansion of this partnership is significant as it builds upon the existing relationship between Skyward and YellowFolder, which is Intellinetics’ dedicated records management solution tailored for K-12 needs. With this enhanced collaboration, finance departments will utilize advanced artificial intelligence, allowing them to save time and resources while reducing costs associated with manual invoice processing.

The IntelliCloud Payables Automation Solution efficiently digitizes and automates various processes involved in handling school districts’ accounts payable (AP) invoices. By virtually eliminating the need for paper and manual input, the solution addresses common inefficiencies faced by school administrations.

Increasing Efficiency through AI Automation

With Intellinetics IPAS, invoices are directly sent to school district email accounts, where they are categorized based on predetermined criteria. This system allows for the automatic extraction of relevant data from the documents, ensuring that invoices are promptly routed to the respective departments for approval and coding. The use of instant notifications about incoming invoices supports a more transparent and effective approval process.

After receiving approval, these invoices are securely stored in the electronic document management system, providing easy access for future audits and archiving. This capability significantly promotes transparency and strengthens audit efficiency within the districts.

Statements from Company Leaders

James F. DeSocio, the President and CEO of Intellinetics, expressed enthusiasm about the partnership, stating, “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.” DeSocio emphasized the potential of this partnership, noting that it could lead to substantial revenue growth within the K-12 sector.

Dave Ilkka, the VP of Business Development at Skyward, also shared his views, saying, “We are excited to grow our partnership with Intellinetics and offer this functionality to our clients who want to automate their AP invoice processing. Together, we are committed to providing tailored solutions that enable school districts to focus on what matters most - students.”

About Intellinetics

Founded to facilitate digital transformation, Intellinetics, Inc. (NYSE American: INLX) specializes in creating solutions that help organizations manage, store, and safeguard essential documents and data. Their flagship platform, IntelliCloud, offers comprehensive content management features crucial for compliance and security in risk-intensive markets.

Intellinetics supports a diverse range of industries, including healthcare, public safety, and educational institutions. Their commitment to streamlining processes helps organizations transition away from traditional paper-based systems. With a dedicated headquarters in Columbus, Ohio, Intellinetics continues to expand its services to meet the needs of a changing market.

About Skyward

Since its inception in 1980, Skyward has provided solutions that have benefitted over 2,500 school districts, allowing them to save time and enhance communication with families. Their integrated SIS and ERP systems empower educational leaders to focus on student success by leveraging technology well-supported by experienced personnel.

Frequently Asked Questions

What does the partnership between Intellinetics and Skyward aim to achieve?

The partnership focuses on introducing automation solutions to streamline the accounts payable processes within K-12 school districts.

How does the IntelliCloud Payables Automation Solution help school districts?

The solution automates various tasks, eliminating the use of paper and manual processes, thus saving time and resources for finance departments.

What features does the IPAS offer?

The IPAS automates invoice categorization, data extraction, approval routing, and secure digital storage to enhance efficiency and transparency in finance operations.

Who are the primary beneficiaries of this technology?

Primarily, K-12 school districts benefit from the enhanced financial and administrative operations through reduced manual tasks.

What are the long-term goals for this partnership?

The partnership aims to expand into more K-12 markets, driving significant revenue growth and improving operational capabilities within educational institutions.

About Investors Hangout

Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/

Disclaimer: The content of this article is solely for general informational purposes only; it does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice; the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. The author's interpretation of publicly available data presented here; as a result, they should not be taken as advice to purchase, sell, or hold any securities mentioned or any other investments. If any of the material offered here is inaccurate, please contact us for corrections.