New ExpenseWatch.com Release Enhances AP Invoice Management Module, Streamlines Invoice Processing

Conshohocken, Pa., Feb. 10, 2009 – ExpenseWatch.com has rolled out major enhancements to the AP Invoice Management module of its expense control service, significantly simplifying the process by which companies approve, manage and report on invoices received for goods and services purchased.

Paramount to this release is streamlined data entry and processing to speed accounts payable workflows. Pages have been redesigned to minimize screen changes and enhance tabbing through fields, important considerations for AP professionals responsible for rapid, and often repetitive data entry tasks.

• “An AP professional can be responsible for processing hundreds-to-thousands of invoices each month,” said Michael Welsh, executive vice president of product strategy and management for ExpenseWatch.com. “This release speeds up data entry for AP professionals making it easier to process invoices for approvals and payments.”

Also included in this AP Invoice Management update are reorganized displays which consolidate information onto one screen. Context-sensitive suggestions appear on-screen as information is typed into fields; while new editing capabilities allow invoices to be edited and saved on the fly.

ExpenseWatch.com AP Invoice Management ensures that invoices are matched to purchase orders and packing lists where applicable, eliminating duplication, over spending and paying for products and services not rendered. With AP Invoice Management, company policies and controls are easily applied to purchases made with or without purchase orders.

• “Over and over, our customers tell us that automating company spending processes with ExpenseWatch.com has helped them easily manage increased workloads without having to hire additional staff, especially as their companies have grown,” said Welsh.

ExpenseWatch.com is a Web-based service that empowers small and midsized businesses to control and reduce all company spending. Comprehensive modules for Expense Reports, Purchasing and AP Invoice Management stand alone or work as a fully integrated suite. Company spending processes are automated with policies and controls applied across the entire organization. ExpenseWatch.com provides complete visibility into all company spending—what’s been paid, and the purchases, invoices and expense reports waiting to be approved or paid. Subscriptions include implementation, training and support. For more information call 866-399-2824.

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