PITTSBURGH, Nov 8, 2004 ---VCOM announced the immediate availability of ExpenseAnywhere® 6.0, its web-based expense management automation solution for medium- to large-size businesses.  ExpenseAnywhere 6.0 adds capabilities to assist companies in complying with Sarbanes-Oxley (SOX) regulation, and achieve a totally paperless expense management process. Additionally, it provides totally redesigned GUI for enhanced ease of use, and enhanced capabilities for speeding the entry, approval and management of the expense reimbursement process. Major additional features of ExpenseAnywhere 6.0 include: 

• Extensive tracking and reporting of expenses for monitoring fraud and risk integral to SOX compliance,
• Offline expense report creation and submission, allowing submitters to manage expense reports offline or online,
• Capability for automatically managing and matching expense receipts that are scanned or that are faxed to a central server reducing receipt tracking and simplifying expense auditing and management. 

ExpenseAnywhere 6.0 capabilities also include support for pre-travel expense approvals and ability to support corporate card transaction details.

“Currently in use at mid-size to Fortune 500 companies, ExpenseAnywhere has helped these companies manage their T&E spend and achieve improved policy compliance with significant cost reduction,” said VCOM CEO, Dr. Ashok Dhar.  “With ExpenseAnywhere 6.0, VCOM continues to lead the market in simplifying and lowering the cost for enterprises in managing their employee related business expenses.” ExpenseAnywhere is deployed either as an on demand ASP solution or can be licensed for internal deployment.

About ExpenseAnywhere

ExpenseAnywhere® is a powerful, robust, best practices, web-based solution that helps corporations exercise cost control, administer and enhance policy compliance and drastically reduce the burdening costs associated with error-prone, inefficient, manual processing of paper-based expense forms.  With its highly intuitive and advanced user interface, ExpenseAnywhere facilitates the entry, submission and flow of expense reports through the entire expense approval process, from employee submission to payment, with extremely powerful reporting and tracking capabilities. ExpenseAnywhere® pre-populates the corporate card data, and seamlessly integrates with any enterprise-wide software.  To meet your specific corporate and IT requirements and budgets, ExpenseAnywhere is available as either a hosted ASP solution or a licensed system for internal deployment.

About VCOM, Inc

Based in Pittsburgh, PA, VCOM provides in-depth experience in designing and developing secure web-based application for banks and businesses. VCOM is a leader in corporate expense management automation.

For more information, please visit http://www.expenseanywhere.com