Intellinetics, Inc. (NYSE American: INLX), a digital transformation solutions provider, has announced a new contract with a prominent Canadian homebuilder and land development firm for the implementation of its IntelliCloud™ Payables Automation System. Valued at $100,000 in Total Contract Value (TCV) with more than $41,000 in annual SaaS revenue, the agreement was driven by strong interest in Intellinetics’ newly launched Automated Utility Invoice Coding module. The customer is scheduled to go live by July 31, 2025.
Designed for homebuilders and similar organizations burdened by high volumes of utility invoices, the new module—launched in March 2025—uses licensed AI technology to dramatically reduce manual processing. It automatically detects the lot number, determines its stage (e.g., model, spec, or completed), and accurately codes invoices for utilities such as gas, electricity, water, HOA fees, and property tax, enabling low- or no-touch processing.
“We’ve received very positive feedback since introducing the Automated Utility Invoice Coding module,” said James F. DeSocio, President & CEO of Intellinetics. “One of our new clients is now processing more than 15,000 utility invoices per month, with over 80% handled completely touch-free—just 60 days after going live. Each month, that efficiency continues to improve.”
DeSocio noted that even amid challenges facing homebuilders, such as rising tariffs and interest rates, demand for automation solutions is growing. “In uncertain economic times, solutions that improve process efficiency are essential. They not only reduce costs but also boost agility and resilience—key factors in maintaining profitability and gaining a competitive edge when markets rebound.”
He added, “As more reference accounts demonstrate tangible ROI, especially during downturns, we are confident that our payables automation solutions will continue to drive strong SaaS revenue growth.”
About Intellinetics, Inc.
Intellinetics, Inc. (NYSE American: INLX) is enabling the digital transformation. Intellinetics empowers organizations to manage, store and protect their important documents and data. Intellinetics’ flagship solution, the IntelliCloud™ content management platform, delivers advanced security, compliance, workflow and collaboration features critical for highly regulated, risk-intensive markets. IntelliCloud connects documents to users and the processes they support anytime, anywhere to accelerate innovation and empower organizations to think and work in new ways. In addition, Intellinetics offers business process outsourcing (BPO), document and micrographics scanning services, and records storage. From highly regulated industries like Healthcare/Human Service Providers, K-12, Public Safety, and State and Local Governments, to businesses looking to move away from paper-based processes, Intellinetics is the all-in-one, compliant, document management solution. Intellinetics is headquartered in Columbus, Ohio.
