LATHAM, N.Y., July 23, 2013 /PRNewswire/ -- The expex platform combines an innovative, paperless bill payment system with a powerful purchasing system offering big-company discounts.
With expex's bill payment system, called pay-ex, small and medium-sized enterprises (SME) can now automate the approval, payment and tracking of their payments. SME's get an easy-to-use, paperless accounts payable system which actually increases management control of approval and cash handling processes.
"Our pay-ex system gives management more control, and a detailed audit trail, of the accounts payable process," said Anthony Lombardo, president, expex, Inc. "The pay-ex system enforces approval guidelines and ensures improved cash management. It also cuts out costs in the process of executing these every day operations."
How does the pay-ex platform work?
The pay-ex system eliminates the handling and storage of paper bills and eliminates the need to write and mail checks. pay-ex fully integrates with accounting systems and creates a permanent digital record of all bills and payments.
It helps maintain full control of payments and cash, and can be used anywhere, at any time, from any device.
All bills are sent directly from billers to expex, which scans the bills, captures the data, matches the bill to the proper general ledger account number and sends a single email to the designated manager for approval (or editing). Once the bill is approved, the payment is processed and the transaction is posted.
Learn more about pay-ex in this brief video: http://www.expexinc.com/overview-of-pay-ex
Visit expex, Inc. at www.expexinc.com or by calling 518.389.2311.
About expex, Inc.
expex, Inc. is a web-based platform offering businesses a paperless, automated, accounts payable system and a purchasing system with big-company discounts.
pay-ex eliminates the handling of paper bills and can be integrated with your financial accounting system. buy-ex gives SME's access to large group purchasing arrangements which saves money on everyday purchases.
Learn more at www.expexinc.com or call 518.389.2311.
Anthony Lombardo, President
SOURCE expex, Inc.