PITTSBURGH, PA, December 6, 2015 —ExpenseAnywhere, a global leader in travel & expense management automation solutions announced today the release of its advanced cloud-based InvoiceAnywhere Solution for complete automation of Vendor Invoice Management processes.
The InvoiceAnywhere solution provides an easy to use, end-to-end automation of the entire Procure-To-Pay process, including PO approval, invoice Management and Payment processes resulting in significant corporate operational efficiencies, and on-going savings by eliminating manual processes associated with the receipt, approval, management and payment for vendor invoices.
The InvoiceAnywhere solution utilizes the proprietary recognition technology that utilizes OCR based pattern algorithms together with online validator interface to convert vendor submitted invoices into digital data. The resulting process delivers hundred percent (100%) accurate invoice data. The solution automatically routes the digitized invoices through the corporate approval process, ensures the proper allocation to accounting lines, validation of invoice line item details, and automatic verification with the purchase order highlighting exceptions if any, and eliminating duplicate invoices. The easy to navigate dash-board look and feel of the InvoiceAnywhere solution provides in addition a complete vendor portal for vendors to interact with the system, submit invoices, track the status of their POs and invoices, and request early settlement on invoices consistent with the vendor-client negotiated dynamic discounts, minimizing time in handling supplier inquiries. The system integrates with all ERP systems, and provides real-time visibility through spend analytics and charting to facilitate operational and strategic cash management decision. Integrated with various payment gateways, InvoiceAnywhere can directly initiate payments in any currency to vendors anywhere in the world.
Integrated with Avalara AvaTax, the solution automatically calculates jurisdiction based sales tax owed on every invoice so clients can remain assured of compliance with sales/ uses tax liability, and benefit from significant additional cost savings by eliminating manual, tedious and time consuming task of calculating taxes across multiple jurisdictions.
Dr. Ashok Dhar, President and CEO of ExpenseAnywhere said, “As a global leader in travel and expense management automation, we are excited to bring to market our highly innovative cloud-based InvoiceAnywhere solution that completely automates the management and payment of supplier invoices and empowers companies by automating their AP processes, eliminating paper and achieving significant cost savings along with increased corporate operational efficiencies, supplier satisfaction and greater visibility in cash management.” Dr. Dhar further added, “At ExpenseAnywhere we constantly push further the technology envelope so we can continually offer higher-value, robust, easy to use automation solutions that positively impact business processes for our clients.”
ExpenseAnywhere headquartered in Pittsburgh, PA, USA is a global leader in corporate travel & expense management solutions. With offices in US, India and UK, and clients around the globe, ExpenseAnywhere provides leading edge cloud based solutions for corporate spend management. ExpenseAnywhere products include a family of travel and expense management solutions for small, medium and large global enterprises; and Accounts Payable automation solutions that include InvoiceAnywhere, for Supplier Invoice Management, and PurchaseAnywhere, for the management of Purchase Card and Pre-Paid Card charges. For additional information, please visit www.expenseanywhere.com or contact our sales at 412 858 1111 or firstname.lastname@example.org