VCOM Announces ExpenseAnywhere(R) 4.0 Software; Seamlessly Handles
Out-of-Pocket Expenses, Purchase Cards and T&E Cards
PITTSBURGH, May 15 /PRNewswire/ -- Virtual Communications, Inc. (VCOM),
today announced the release of ExpenseAnywhere(R) 4.0, an Internet-based
automated expense management solution for medium- to large-size businesses.
Release 4.0 enhances the capability of managing corporate card expenses to the
already comprehensive expense management features built in to the earlier
release of ExpenseAnywhere(R).
ExpenseAnywhere(R) is a "roles-based" solution that allows corporations to
manage their workflow, exercise management control, and uniformly administer
reimbursement policies. The software supports multiple approvals, multi-
currency transactions, and setting up of expense limits. The system tracks
third-party billable expenses, special events expenses and intra-company
business unit allocations.
With its powerful card management functionality, ExpenseAnywhere(R) 4.0
provides easy management of corporate cards and routing of card transaction
data to the cardholders for simple point-and-click allocation to the company
expense categories. Regardless of whether the corporate cards are company
paid or employee paid, and whether they are purchase cards, travel and
entertainment (T&E) cards, or a combination thereof, ExpenseAnywhere(R) 4.0
handles it all.
With easy-to-use screens and company definable workflow,
ExpenseAnywhere(R) facilitates the flow of expense reports throughout the
entire expense approval process, from employee submission to direct posting of
expense data to your company's general ledger with extremely powerful
reporting and tracking capabilities. ExpenseAnywhere(R) seamless interfaces
with any enterprise-wide accounting software and provides a direct deposit
reimbursement capability without the need for additional software or service.
"ExpenseAnywhere(R) is a powerful best practices solution that helps
businesses improve their bottom line, with substantial efficiency gains and
employee satisfaction. ExpenseAnywhere(R) 4.0 frees you from the hassles
associated with paper-intensive manual systems. ExpenseAnywhere(R) is meant
for businesses of all sizes, and should be of significant interest to
financial institutions wanting to promote their corporate purchase cards and
T&E cards," said Ashok Dhar, CEO of VCOM.
ExpenseAnywhere(R) is available in an ASP hosted environment, as well as
licensed software. The software runs on Windows NT or Windows 2000.
About VCOM
VCOM, based in Pittsburgh, Pa., provides Internet based software for
retail and corporate banking. VCOM's products are in use by the U.S. and
foreign banks, including Sumitomo Mitsui Banking Corporation, the second
largest bank in the world. Contact VCOM at 412 858 1111, or visit
http://www.vcominc.com/ or http://www.expenseanywhere.com/.