Springtime Technologies ("Springtime") is a leading accounts payable automation software company based in Vienna, Austria.

Springtime’s flagship software product, Invoicetrack, streamlines finance and operations workflows through automated data extraction and ingestion capabilities, an AI-powered matching engine, and country-specific processing expertise which has been embedded in the solution. These capabilities enable customers to efficiently process invoices across more than 70 countries.

Accounts payable is often a resource-intensive process for large enterprises, particularly where there are numerous corporate entities operating across different jurisdictions. The problem is particularly acute in process heavy industries, such as manufacturing, life sciences and chemicals, where multi-line, complex invoices are commonplace.

The core strength of Springtime’s Invoicetrack product is its ability to address complex use cases, with customers typically processing millions of invoices per annum. Its blue-chip customer base includes Boehringer Ingelheim, Essity, Festo, and Evonik. The company has achieved profitable growth since inception, and now employs over 190 people.

Spend on accounts payable automation software represents a multi-billion-dollar market opportunity. Global trends towards more prescriptive procurement regulation, combined with increasingly fragmented and volatile global supply chains, are expected to further drive demand for modern accounts payable software.