ECI Software Solutions, Inc., announced it has acquired Drypowder, a financial technology company focused on modernizing accounts receivable, billing and digital payments for the building materials and construction industries.

“Across the industries we serve, accounts receivable is often manual and disconnected from the systems teams rely on every day,” says Andres Ricaurte, president, payments at ECI Software Solutions. “With Drypowder, we are embedding intelligent, automated AR workflows directly into our ERP platforms, making it easier for customers to get paid faster, improve cash flow visibility and reduce administrative burden. AI-driven automation powered by our ERP data will help our customers improve the entire invoice-to-cash process while delivering a better experience for their buyers.” 

The combination of ECI and Drypowder will help customers prioritize collections, predict cash flow, reduce risk and automate routine AR workflows.

“From day one, our mission has been to modernize accounts receivable inside ERP systems our customers rely on every day,” says Kevin Ehinger, Drypowder founder and CEO. “Joining forces with ECI allows us to accelerate that mission without changing what makes Drypowder successful. Our team, our products and our commitment remain the same. What grows is our ability to innovate faster, deepen integration with ECI’s ERP solutions and deliver even greater value with the backing of a global software leader.”