Summit, a Singapore-headquartered Software as a Service company, has launched its Smart Expense Management solution tailored for small to mid-sized businesses.
Supported by key investors Global Founders Capital and Insight Partners, Summit aims to revolutionize spend management for finance managers within these companies, the Singapore-based firm announced on Wednesday.
Summit's platform modernizes and automates the traditionally manual processes of Accounts Payable and employee expense claims. Utilizing advanced smart tools, businesses can save up to 75 percent of the time previously spent on paperwork, potentially reducing annual costs by tens of thousands of dollars. The solution provides finance managers with enhanced visibility and control over company spending.
Three Steps
Designed with the user in mind, Summit's platform is based on extensive research and interviews with finance professionals.
It offers a real-time, centralized view of information and data, serving as a comprehensive hub where vendor invoices and staff claims can be audited and reconciled in three simple steps: scan, approve, pay, and auto-reconcile.
