Press Release
Corcentric Partners with AmeriQuest to Launch Online Invoice Approval
August 1, 2006, McLean, VA — Corcentric announces the launch of Online Invoice Approval in conjunction with AmeriQuest Transportation Services. Online Invoice Approval helps companies reduce paper-based transaction costs by allowing them to receive and approve invoices electronically.
Authorized approvers are set up for each company location. These approvers will receive e-mail notifications when the company is sent a new AmeriQuest invoice. By logging into the AmeriQuest e-commerce site, the approvers will be able to view, approve, add comments, and assign general ledger codes within each invoice. In turn, accounts payable will be able to review this approval and any notes added to the invoice, reducing time and costs. This system, when coupled with the existing e-Commerce invoice archival capabilities, enables a business to reduce administrative overhead, focus more on core competencies, benefit from reduced audit fees, and lower transaction costs.
Dave Lindeen, Vice President of Sales for Corcentric added, “Online Invoice Approval allows AmeriQuest customers to streamline their accounting transaction processes. We are excited about offering this service to AmeriQuest customers to improve their efficiency and provide them with measurable savings of time and money.”
“This new enhancement greatly improves the flow of operational data throughout any company by virtue of its timely automatic routing of new charges to the appropriate individuals and its standardizing and documenting the entire review/approval process. Its data tracking, e-mail notification, and account coding features are a major plus for any size company” says Rich Spotts, AmeriQuest’s Chief Financial Officer, on the new Online Invoice Approval.
About Corcentric
Founded in 1998, Corcentric delivers e-Commerce solutions that enable companies
to gain significant cost efficiencies by digitizing their business-to-business
transactions.
Using the Optimal eFlow system, Corcentric digitizes the Purchasing, Accounts
Payable, and Accounts Receivable activities of the entire trading community
without changing existing IT systems, business processes, or trading partners.
By employing automated, real-time identification, analysis, and execution of
transactions, Corcentric immediately reduces the costs associated with
traditional Purchasing, Accounts Payable, and Accounts Receivable practices.
Corcentric can help companies of all sizes advance towards the next generation
of paperless integration.
If you are interested in the Corcentric solution or would like more information
about the company, contact Dave Lindeen, Vice President, and Sales at (877)
790-7272, e-mail dlindeen@corcentric.com or visit the Website at www.corcentric.com.
About AmeriQuest Transportation Services
AmeriQuest Transportation Services is a leading provider of comprehensive fleet management services in North America. By leveraging the strength of over 700,000 vehicles, AmeriQuest delivers savings, expertise and opportunities to its private fleet, common carrier, and lease/rental members. AmeriQuest provides supply management services, asset management services, technology products, and outsourced transportation management services such as full-service leasing, integrated logistics, and contract maintenance.
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