Ultimo, a leading provider of Enterprise Asset Management (EAM) software and an IFS company, today announces a partnership with ISPnext, a specialist in Source-to-Pay (S2P) solutions. The collaboration combines Ultimo’s powerful EAM platform with ISPnext’s financial and procurement expertise to help organizations achieve higher efficiency, cost control, and operational excellence. ISPNext is now officially a certified technology partner of Ultimo, being the first organization to complete Ultimo’s renewed certification process.
With more than 20 years of experience, ISPnext empowers organizations across Europe to streamline accounts payable, procurement, supplier management, and spend control. Ultimo delivers a scalable EAM platform trusted worldwide for optimizing asset management.
By integrating Business Spend Management solutions such as AP Automation and asset management, the partnership delivers a unique value proposition:
Increased efficiency – Seamless connection between asset lifecycle management andaccounts payable and procurement workflows. For example touchless matching of Ultimo purchase orders and invoices.
Improved cost control – Greater visibility into supplier spend and contract management.
Higher maturity – Modern, integrated tools to replace fragmented or legacy systems.
Customer value – Enhanced performance and transparency for joint customers in industries such as food production and manufacturing.
“Many organizations are seeking ways to raise their EAM maturity while streamlining accounts payable and procurement,” said Jeroen Kanis, Partner Program Manager at Ultimo. “Together with ISPnext, we enable our customers to improve asset reliability, reduce costs, and make smarter operational decisions.”
“We are excited to partner with Ultimo and bring accounts payable, procurement and asset management closer together,” added Maarten de Ru, Director Partner & Alliances at ISPnext. “Our joint solution ensures organizations not only keep their assets performing but also manage suppliers and spending more effectively – driving long-term value.”
The partnership is already proving its value with shared customers such as HAK, Euroma, and Vreugdenhil, who benefit from streamlined procurement and accounts payable processes aligned with asset management strategies.
About ISPNext
AI-powered platform for Business Spend Management. ISPnext directly increases the financial impact of more than 450 organizations by providing our AI-powered Business Spend Management solutions. Achieve cost savings, gain control over contracts, improve supplier relationships, automate invoice processing, and reduce risks across the entire organization — all with one platform for Business Spend Management (BSM).