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PNet ePayables Patent-Pending Technology Featured at IAPP Conference Red Bank, NJ June 5, 2006 – PNet recently unveiled the PNet ePayables Suite at the International Association of Accounts Payable Professionals in Orlando, FL. Accounts Payable Professionals from around the world eagerly viewed the new, patent-pending PNet ePayables technology. This .NET solution allows mid to large sized companies to streamline their Payables processes, improve their internal controls, and increase early payment discounts. “We have filed five patents relating to our Supplier Invoice Portal, Electronic Processing of Invoices, and Payment Control Algorithms,” according to Erick Schutz, VP of Product Development at PurchasingNet, Inc. “We have developed some truly unique technology which will help automate Accounts Payable and Treasury Management functions,” states Schutz. Microsoft has recognized PNet’s innovative ePayables suite by awarding the “Microsoft Front-Runner” to PurchasingNet, Inc. About PurchasingNet, Inc. PurchasingNet, Inc. is a leading provider of Web-based eProcurement and ePayables software to mid- and large-sized companies. The company has over 1,400 customers in Financial Services, Retail/Consumer Products, Professional Services, Media/Publishing and a variety of other industries. Founded in 1983, PurchasingNet has focused exclusively on the development and implementation of Procurement and Payables applications since inception. In addition to building an extensive, blue-chip client base, PurchasingNet possesses deep domain expertise in Purchasing and Payables business processes. The average length of service at PurchasingNet is 8 years per employee. PurchasingNet’s customers include Countrywide Financial, US Bank, Navy Federal Credit Union, American Financial Group, Liz Claiborne, HBO, EarthLink, Black & Decker, Kroger, and General Mills.
For Details, Contact: Erinn Tarpey |