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Invoiced, Co-founded by ECE Alumnus Parag Patel, Makes Inc. 5000 List

Parag Patel

Parag Patel

Alumnus Parag Patel, who graduated from the UMass Electrical and Computer Engineering Department in 2004, is the co-founder and chief operating officer of Invoiced, a leading accounts receivable automation platform, which was just named to the Inc. 5000 List of America’s Fastest-Growing Private Companies. Inc. claims that its 5000 List is the most prestigious ranking of its kind for rating emerging companies.

According to an article inthe Insightful Accountant, Invoiced debuts on the Inc. 5000 with a ranking of 1,172, placing it in the top quartile of all businesses earning recognition on the list. Intuit, Zappos, Under Armour, Microsoft, Patagonia, and many other well-known names gained their first national exposure as honorees on the Inc. 5000.

The Insightful Accountant article explains that “Parag teamed with co-founder Jared King in 2014 to help the popular platform make the transition from a breakthrough product to a category leading company.”

According to the article, Invoiced has thousands of clients around the world now relying on Invoiced for billing, collections, and payment acceptance. Over the past three years, says the Insightful Accountant piece, Invoiced grew its annual revenue by 413%, which led to its recognition in the Inc. 5000 list.

The article also says that Parag leads Invoiced’s customer-care organization, including professional services, customer success, and support. Parag has an extensive background in software, including engineering and consulting roles with Verizon and other startups in fintech, healthcare, and telecommunications.

Invoiced describes itself as “an award-winning platform for helping businesses get paid faster, stop wasting time on collections, and provide a better payment experience for customers. With thousands of customers in 92 countries and more than $50 billion in receivables processed, Invoiced is pioneering the field of accounts receivable automation.”

Based in Austin, Texas, Invoiced also says it is the number one rated A/R automation platform on G2, a 2021 Cloud Awards Finalist, and an official member of the Forbes Finance Council. For more information visit invoiced.com. (September 2021)