Data Impact, a Huntington Beach, CA-based provider of modular SaaS-based Electronic Invoice Presentment and Payment (EIPP) solutions, has secured $5m in a new round of funding.
The round was led by Zon Capital Partners, with additional investment from private investors and the company’s founders.
In addition, Square One privded the company with a line of credit of undisclosed amount.
The investment will enable the company to better support its growing EIPP customer base.
Data Impact’s EIPP PLUS is a modular SaaS solution that automates the Accounts Receivable process by integrating with any existing billing and A/R system. It enables organizations including major corporations in a variety of industries such as financial services, distribution, food services and manufacturing, to accelerate the components of the A/R process including e- invoicing, document management, payment processing and reconciliation.