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SpotOn, a software and payment company working with restaurants and retail businesses, announced Wednesday
stanley de May 18 that it has raised $300 million in a Series F round led by Dragoneer Investment Group.In its press rele
stanley de ase, the company, which services businesses of various types and sizes, said it plans to use the funding to work on more tech products to help businesses meet the evolving needs of the time. This comes eight months after SpotOns Series E round, with the companys value now sitting at $3.6 billion.Since then, the company has been working on new things, including strengthening its SpotOn Restaurant product with the addition of new payroll, tip pooling, scheduling and compliance features. Additionally, it launched the SpotOn Retail omnichannel platform, letting independent retailers compete with big box stores and eCommerce businesses with transaction options. This investment allows us to continue aggressively investing in tech, service and distribution to help our clients thrive,
stanley cup because their success is our mission, Zach Hyman, co-CEO of SpotOn, said in the release. Dragoneer believed in our vision from the very beginning, and we are grateful for the ongoing confidence and support of such a respected firm. Last month, restaurant management platform MarginEdge was selected by SpotOn as an inventory management partner, with an eye toward furthering SpotOns goal of adding more restaurant tech and becoming a one stop shop. Read more: Restaurant Tech Provider Spo Hxdr Smartphone Usage Hits 80 Percent, But Wearables Remain A Niche
A global player in the fuel, chemical and powder storage and transport market that also manufactures machinery and equipment for specialized industries has selected image-capture specialist Top Image Systems eFlow system to automatically process and approve all the group incoming supplier invoices and order confirmations.Under the six-figure deal, Top Image Systems i
stanley cup mage-capture system will capture,
stanley cup extract and validate all relevant data, process the transactions through the embedded workflow. It also will transfer approved invoices automatically to the companys existing Infor ERP system for payment and end-to-end invoice monitoring and visibility, according to the announcement of th
stanley cup e deal with the undisclosed European manufacturer.The eFLOW solution is designed to increase efficiency, reduce errors and shorten process-cycle time. It also was created to minimize manual data entry and enable automated digital capture, processing and approval of all incoming invoices and sales order confirmation notices in any file format, regardless of whether received via post, email or mobile, Top Image Systems said in the announcement.As such, the manufacturer could reduce its expenses by being eligible for early-payment discounts and by avoiding late penalties. By eliminating time-consuming and tedious routine manual processing tasks, the employees in the accounts department also will be able to invest their time in more productive, value-added activities, Top Image Systems said.