Capstone Partners (IMAP USA) advised iPayables — a leading provider of enterprise-grade accounts payable automation solutions — on its sale to DocuPhase, a portfolio company of LoneTree Capital.

Based out of Utah, iPayables is a leader in the automating of accounts payable processes, with a particular expertise in workflow optimization. IPayables’ advanced cloud invoicing system InvoiceWorks® allows businesses to streamline the entire Procure-to-Pay process, and its advanced EIPP system allows companies to process invoices electronically, make changes, and track & make payments while eliminating manual processes.

The iPayables acquisition will bring DocuPhase a full suite of pure A/P workflow functionality for large enterprises, expanding their target market while creating many cross-selling opportunities between the two firms. The combined solutions can now offer clients a more complete suite of process automation capabilities to serve the broad treasury management function including A/R and payments. DocuPhase’s payments capabilities will help iPayables to monetize the billions of spend running through its systems.

Founded in Tampa Bay, Florida, DocuPhase is an automation software company. It provides enterprise content management, document management, and workflow software solutions. DocuPhase also provides comprehensive software and services for enterprise automation.