PITTSBURGH, Nov. 15, 2018 /PRNewswire-PRWeb/ — ExpenseAnywhere, a global leader in corporate spend management automation solutions announced today the release of cloud-based InvoiceAnywhere Release 4.0 for complete automation of P2P and Vendor Invoice Management and Payment processes. InvoiceAnywhere 4.0 provides the industry’s most robust, extensive and easy to use technologically advanced solution than any of its peers in the marketplace,

The InvoiceAnywhere 4.0 automates each step of the procure-to-pay process, including creation, approval and issuance of PO’s, and vendor invoice management processes from the receipt of invoices to payments for those invoices. The system integrates with all ERP systems and provides real-time visibility to facilitate operational efficiencies and corporate cash management decision. Integrated with various payment gateways, ExpenseAnywhere Pay Service makes payments to suppliers around the globe in their country-specific currencies.

The InvoiceAnywhere 4.0 utilizes the advanced proprietary technology based on pattern recognition algorithms, machine learning, and artificial intelligence to convert vendor submitted paper invoices, received via mail, email, fax or direct uploads, into 100% accurate “digital invoices.” The solution automatically performs 2/3/4- way matching of invoices with the PO data, highlighting exceptions, and providing for credit memos, approvals, settlement, and early payment features. Additionally, the solution provides for auto-allocation of invoices and reports in real-time jurisdiction based sales tax liability on every invoice so that businesses can remain in compliance with the sales/use tax liability.

The InvoiceAnywhere solution delivers overall at least 60% savings by eliminating the manual, tedious and time-consuming task of verifying and validating invoices for payments and calculating owed-taxes across multiple jurisdictions.

About ExpenseAnywhere
ExpenseAnywhere headquartered in Pittsburgh, PA, USA is a global provider corporate spend management automation solutions. With offices in three continents and clients around the globe, ExpenseAnywhere products include, ExpenseAnywhere®, for integrated travel and expense management automation; InvoiceAnywhere® for P2P and Vendor Invoice Management processes and PurchaseAnywhere™, for the management of Purchase Card/ Pre-Paid Card charges.

SOURCE ExpenseAnywhere