Acquisition strengthens ECI’s ERP ecosystem with intelligent, embedded AR workflows and digital payment experiences to accelerate cash flow and reduce manual work
ECI Software Solutions, Inc. (“ECI”), a leader in AI-powered, cloud-based business management software and services, has acquired Drypowder, a financial technology company focused on modernizing accounts receivable, billing, and digital payments for the building materials and construction industries. This acquisition accelerates ECI’s vision of delivering intelligent, embedded financial workflows across its industry-specific ERP platforms, helping customers improve the full invoice-to-cash lifecycle.
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In building materials and construction, field service, manufacturing, and distribution industries, credit accounts, project-based billing, service contracts, and multi-location operations are common. Relying on manual AR processes can slow collections, increase errors, create reconciliation challenges, and tie up working capital. Drypowder delivers purpose-built, industry-specific technology that integrates end-to-end invoice-to-cash processes into ECI ERPs, transforming payments from a disconnected task into a seamless operational experience.
By uniting ERP data, digital payments, and AI-driven automation, the combined solution will help customers prioritize collections, predict cash flow, reduce risk, and automate routine AR workflows, freeing teams to focus on higher-value activities.
“Across the industries we serve, accounts receivable is often manual and disconnected from the systems teams rely on every day,” said 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.”
Drypowder enhances ECI’s payments offering with two integrated solutions:
- Vault: A digital customer payment platform that enables buyers to select invoices, pay in minutes, and accelerate access to funds while providing real-time payment confirmation and seamless ERP posting.
- Homebase: An AR operations hub that centralizes collections, disputes, and communications in a unified AR workspace, offering enhanced visibility, workflow automation, and actionable insights.
“From day one, our mission has been to modernize accounts receivable inside ERP systems our customers rely on every day,” said Kevin Ehinger, Founder and CEO, Drypowder. “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.”
With Drypowder now part of the ECI portfolio, ECI is accelerating its strategy to unify ERP, payments, and AI-driven financial workflows into a seamless, connected experience. The acquisition expands ECI’s ability to deliver modern, data-driven financial operations across the industries it serves, helping customers operate more efficiently and build more resilient businesses.
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