Compleat Software Company Market Research Report

Company Overview

• Name: Compleat Software

• Mission: Empowering businesses to achieve the extraordinary by challenging manual processes and replacing them with automated solutions to save time and money.

• Founded: No information is available.

• Founders: No information is available.

• Key People: No information is available.

• Headquarters: Registered Office: Buckingham House, West Street, Newbury, Berkshire, RG14 1BE, England, UK.

• Number of Employees: No information is available.

• Revenue: No information is available.

• Known For: Compleat Software is known for its advanced purchasing and accounts payable automation solutions which address common business problems using AI-driven AP automation and seamless purchasing processes.

Products

Overview of Products

Compleat Software offers a variety of automation solutions across digital invoice capture, accounts payable automation, purchase-to-pay processes, and integrated online buying. Their solutions are tailored to modernize financial processes, increase efficiency, and improve strategic financial management.

Product Details

1. Invoice Capture

• Description: A trusted digital solution for capturing invoice data across languages and currencies.

• Key Features:

• Captures invoice header, line data, attachments, and email content.

• Supports various invoice formats including PDF, PNG, JPEG, and more.

• Provides fixed pricing per invoice with duplicate checking and fraud prevention features.

• Retains data for a minimum of 7 years.

2. Accounts Payable (AP) Automation

• Description: Automates AP processes by extending accounting system functionalities.

• Key Features:

• Dynamic intelligent approval workflows with multiple steps.

• Complete invoice lifecycle management including approval, payment projections, and GL coding.

• Real-time invoice status updates with mobile and email notifications.

• Ensures duplicate invoice protection and supplier fraud validation.

3. Purchasing Automation

• Description: Empower users to seamlessly purchase from any online supplier, capturing purchase requests and enabling real-time approvals.

• Key Features:

• Integrated with suppliers like Amazon Business for streamlined order processing.

• Supports pre-order approvals and enhances visibility across purchase orders.

• Facilitates advanced budget management and supplier consolidation.

4. Purchase-to-Pay (P2P)

• Description: Comprehensive automation from request to purchase order finalization.

• Key Features:

• Includes 2/3 way matching, budget management, and automated GL coding.

• Integrated online buying from supplier websites.

• Provides holistic real-time views of transactions and budget controls.

Recent Developments

Products and Features

• New Partnerships and Integrations:

• Partnership with Pearl Scan for enhanced document management solutions.

• Collaboration with Roveel for improved reporting on Sage and Xero data.

• Partnership with Satago to offer invoice financing solutions.

• Introduced the Punch-In system with Amazon Business to enhance online buying experiences.

• Product Enhancements:

• Recent updates in 2023 brought multiple new features to iCompleat users enhancing the user experience and functionality.

• The AP Automation now includes advanced fraud prevention features with supplier bank account validation and enhanced approval workflows.

Industry Developments

• Growth and Achievements:

• Celebrated impressive growth in Q3 2024 marked by winning new customers and greater industry adoption.

• Focused on non-profit, education, and professional services sectors for expanding ERP author partnerships.

• Market Position:

• Recognized in the G2 Grid® as a high performer in AP Automation and invoice management, achieving a “Users Love Us” badge for excellent reviews.

Strategic Initiatives

• Compleat Software is increasingly focusing on integrating its products with various ERP and accounting systems to ensure a seamless purchasing automation journey.

• Actively increasing its supplier website integrations, thus enhancing its capability to facilitate online buying efficiently for its customers.

Community and Events

• Compleat Software engages in webinars and shows, like the Schools & Academies Show in 2023, to showcase their solutions to a broader audience.

Conclusion

Compleat Software has established itself as a prominent player in the automation of purchasing and accounts payable processes. With continual product development and a strategic focus on integrations and partnerships, they are set to further strengthen their footprint in the automation and financial technology domains. As businesses increasingly seek digital transformation to reduce costs and improve efficiencies, Compleat Software is well-positioned to meet these needs with its robust and comprehensive solutions.