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Singapore-based Summit Launches New AI-Powered Spend Management platform for SMEs

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2 months ago

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Launched today, Summit is a platform that streamlines and automates spend management process via the use of smart AI-powered tools and workflows, reducing excess manhours and processing costs  Summit addresses the pain points commonly experienced by SMEs in adopting technology to digitise their business by offering a fair-use pricing approach ensuring affordability to leverage the solution across their business.

SINGAPORE, July 10, 2024 /PRNewswire/ — Summit, a Singapore-headquartered SaaS company, today announced the launch of its Smart Spend Management solution designed specifically for small to mid-sized enterprises (SMEs). Backed by key investors Global Founders Capital and Insight Partners, Summit aims to revolutionise spend management with AI-powered tools that simplify expense processes and enhance financial visibility and control.

Summit empowers SMEs by offering a robust, AI-driven platform that automates traditionally manual processes such as accounts payable and employee expense claims. Unlike other solutions, Summit adopts a fair-use pricing approach by charging businesses based on usage rather than per user, allowing for businesses to onboard as many employees as they would like to extract the full value of the platform. This usage-based pricing structure increases accessibility to as many users as required, allowing SMEs to leverage comprehensive spend management tools without the hefty costs typically associated with rolling out such advanced technology across their business.

“We understand the challenges SMEs face with manual and error-prone invoice and expense processes. Summit addresses these pain points by providing an intuitive, automated solution that saves significant time and costs. Our fair-use pricing approach ensures that no business is left behind, offering full access to our platform without the financial strain,” said Jo-Ann, CEO of Summit.

Summit’s platform integrates seamlessly into existing workflows, delivering real-time insights and streamlined processes. With smart automation, Summit can reduce invoice processing time by up to 75%, translating to over 45 hours saved monthly for businesses processing 300 invoices. This efficiency not only cuts down operational costs but also allows finance teams to focus on strategic initiatives.

By offering two main products—Vendor Invoice Management and Employee Expense Management—Summit ensures that SMEs have the tools to manage their spending effectively. The fair-use pricing model is designed to remove barriers to adoption, allowing businesses to onboard as many users as needed without incurring additional costs.

“At Summit, we believe that the benefits of AI technology should be attainable and accessible for all businesses, especially SMEs who often need it the most. We have designed our platform to be user-friendly and highly efficient, ensuring that businesses can benefit from the powerful capabilities of AI ” Jo-Ann added.

Summit is built with the user in mind, leveraging feedback from finance professionals to create a solution that truly meets the needs of SMEs. We are excited to launch Summit and provide a game-changing platform that makes advanced spend management accessible and affordable for all,” Jo-Ann added.

For more information, visit www.summitglobal.com.

About Summit:

Summit is a smart spend management software, designed by finance for finance teams, as a new challenger brand that helps businesses achieve value that is both significant and tangible. Acknowledging the need notably among mid-sized companies for a streamlined and automated vendor invoice and employee expense process, Summit offers a smart connected workflow experience that empowers finance managers to enhance financial controls, make faster decisions, reduce the risk of overspending, and save on time. Powered by a suite of smart tools that go beyond basic payment processing, Summit’s Software as a Service (SaaS) solution provides greater visibility, control, and efficiency.

Summit recognises the importance of workflow management for finance teams, and has developed a comprehensive Spend Management solution. There are two products offered in this suite – 1) Vendor Invoice Management tackles the challenge of managing vendor invoices and payables effectively and 2) Employee Expense Management that helps to manage and process employees’ reimbursements seamlessly.

View original content:https://www.prnewswire.com/apac/news-releases/singapore-based-summit-launches-new-ai-powered-spend-management-platform-for-smes-302191744.html

SOURCE Summit

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DANAconnect and eSource Capital Launch PayrollTrace for Digital Payroll Compliance

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56 mins ago

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September 22, 2024

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PayrollTrace is an innovative, secure platform for paperless payroll receipt delivery, ensuring regulatory compliance and real-time traceability.

FORT LAUDERDALE, Fla., Sept. 22, 2024 /PRNewswire-PRWeb/ — DANAconnect, the leading company in automated business communications, in collaboration with eSource Capital, a prominent Google Cloud Partner in Latin America, announce the launch of PayrollTrace, an innovative platform designed for the secure and efficient digital delivery of payroll receipts, ensuring regulatory compliance and complete traceability in every transaction.

Paul Kienholz, CEO of DANAconnect, highlighted: “PayrollTrace is the next step in automating critical business processes, enabling companies to eliminate paper and manage payroll receipt deliveries with full confidence and transparency, while ensuring regulatory compliance.”

PayrollTrace automates the delivery of payroll receipts through multiple channels, including email and SMS, completely eliminating the use of paper or reliance on email. This solution not only simplifies human resources processes but also ensures regulatory compliance with verifiable technical reports that allow companies to manage and audit receipt deliveries in real time.

Paul Kienholz, CEO of DANAconnect, highlighted: “PayrollTrace is the next step in automating critical business processes, enabling companies to eliminate paper and manage payroll receipt deliveries with full confidence and transparency, while ensuring regulatory compliance.”

Juan Aguilera Franceschi, Managing Partner at eSource Capital, added: “Our partnership with DANAconnect allows us to offer companies in the region a robust solution that optimizes payroll management. PayrollTrace provides the security and flexibility companies need to manage payments efficiently and sustainably.”

The partnership between DANAconnect and eSource Capital combines DANAconnect’s strength in omnichannel business communications with eSource Capital’s expertise in cloud digital transformation. Together, they aim to provide businesses across the Americas with a comprehensive solution that not only optimizes payroll delivery but also ensures compliance with local regulations, guaranteeing that every transaction is backed by complete audits.

About DANAconnect

DANAconnect is a North American company and a leader in communication automation for financial companies through its omnichannel platform. It sends communications to more than 10% of the population of the Americas every month, ensuring secure deliveries, traceability, and large-scale regulatory compliance.

About eSource Capital

eSource Capital is a leading Google Cloud partner in Latin America, specializing in digital transformation and cloud solutions. With a focus on Google Workspace and Google Cloud, eSource Capital helps companies optimize their operations in the digital environment.

Media Contact

Fabiana Arroyo, DANAconnect Corp., 1 8556003262, info@payrolltrace.com, https://www.payrolltrace.com

Twitter, LinkedIn

View original content to download multimedia:https://www.prweb.com/releases/danaconnect-and-esource-capital-launch-payrolltrace-for-digital-payroll-compliance-302254651.html

SOURCE DANAconnect Corp.

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Siemon Announces Optical Patching Solutions for GenAI Networks Using NVIDIA Accelerated Computing

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7 hours ago

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September 22, 2024

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Siemon announces it is offering its full range of optical patching solutions to work specifically with NVIDIA AI infrastructure for generative AI networks.

WATERTOWN, Conn., Sept. 22, 2024 /PRNewswire-PRWeb/ — The Siemon Company, a global leader in network infrastructure solutions, today announced it is offering its full range of optical patching solutions to work specifically with NVIDIA AI infrastructure for generative AI networks. Large complex GPU clusters can benefit from using structured cabling patch panels versus point-to-point cabling. Siemon acts as a trusted advisor to customers by providing expert advice and best practice recommendations for design & deployment of NVIDIA AI Infrastructure.

“Siemon is very familiar with NVIDIA reference architectures and has worked with many customers to design and deploy NVIDIA clusters… Siemon offers a full range of AI-ready fiber cabling, DAC, and AOC solutions that support 400G, 800G, and 1.6T applications.”

As part of the solution integration, Siemon has joined the NVIDIA Partner Network (NPN) as a Solution Advisor Consultant. NPN Solution Advisor Consultants provide consultation services and expert advice to customers looking to implement NVIDIA-based solutions or technologies. Siemon joins the network to offer its expertise in addressing the unique infrastructure and cabling challenges presented by accelerated computing.

NVIDIA optical reach specifications are calculated assuming two optical patch panels are used in the link and assuming each employ two optical connectors, which makes for a total allowance of four optical connectors in the link. The Siemon optical patching solutions meet NVIDIA requirements and provide customers with flexibility and ease of management.

Media Contact

Brian Baum, Siemon, 1 8609454200, brian_baum@siemon.com

View original content:https://www.prweb.com/releases/siemon-announces-optical-patching-solutions-for-genai-networks-using-nvidia-accelerated-computing-302254640.html

SOURCE Siemon

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AMSimpkins & Associates Awarded Wisconsin Technical Purchasing Consortium Contract RFB 25-002TP – for Identity Verification Solutions

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8 hours ago

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September 22, 2024

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AMSimpkins & Associates has been awarded the Wisconsin Technical Colleges Purchasing Consortium (WTC-PC) contract for Identity Verification Solutions. This partnership includes providing their advanced S.A.F.E. (Student Application Fraudulent Examination) platform to 16 Wisconsin technical colleges, enhancing security and safeguarding against fraudulent student applications. With a focus on higher education, AMSA aims to support these institutions in maintaining the integrity of their admissions processes and preventing identity fraud. This collaboration underscores AMSA’s commitment to delivering innovative solutions tailored for the education sector.

ATLANTA, Sept. 22, 2024 /PRNewswire-PRWeb/ — AMSimpkins & Associates is proud to announce its selection by the Wisconsin Technical College System Purchasing Consortium (WTC-PC) to provide Identity Verification Solutions through the S.A.F.E. platform. The WTC-PC comprises 16 independent, publicly funded two-year technical colleges across Wisconsin, including Blackhawk Technical College, Chippewa Valley Technical College, Fox Valley Technical College, and Milwaukee Area Technical College, among others.

“We are honored by the Wisconsin Technical College Consortium’s trust in AMSA. This partnership further emphasizes our commitment to providing secure, innovative identity verification solutions that support the needs of educational institutions in protecting their students and operations.”

With a focus on preventing identity fraud, AMSimpkins & Associates’ comprehensive solutions will strengthen the security measures across admissions, enrollment, and financial aid processes, ensuring secure verification and compliance with federal and state regulations. S.A.F.E. will now support Wisconsin’s higher education system, offering its cutting-edge technology to streamline operations and safeguard student data.

“We are honored by the Wisconsin Technical College Consortium’s trust in AMSimpkins & Associates,” said Maurice Simpkins, President and Founder. “This partnership further emphasizes our commitment to providing secure, innovative identity verification solutions that support the needs of educational institutions in protecting their students and operations.”

As part of this agreement, AMSimpkins & Associates will deliver comprehensive services, including system integration, training, and ongoing support to ensure seamless implementation. S.A.F.E.’s capabilities are designed to evolve with growing threats of fraudulent activities, keeping institutions one step ahead in securing student identities.

Institutions in the Wisconsin Technical College System:

Blackhawk Technical CollegeChippewa Valley Technical CollegeFox Valley Technical CollegeGateway Technical CollegeLakeshore Technical CollegeMadison Area Technical CollegeMid-State Technical CollegeMilwaukee Area Technical CollegeMoraine Park Technical CollegeNicolet Area Technical CollegeNorthcentral Technical CollegeNortheast Wisconsin Technical CollegeNorthwood Technical CollegeSouthwest Wisconsin Technical CollegeWaukesha County Technical CollegeWestern Technical College

The S.A.F.E. platform’s advanced identity verification services will play a pivotal role in securing sensitive data and ensuring a safe and fraud-free environment for Wisconsin’s technical colleges and their students.

For more information about AMSimpkins & Associates and the S.A.F.E. platform, please visit amsa-highered.com.

Media Contact

LAQWACIA SIMPKINS, AMSimpkins & Associates, 1 6786824193, LSIMPKINS@AMSA-CONSULTING.COM, amsa-highered.com

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View original content:https://www.prweb.com/releases/amsimpkins–associates-awarded-wisconsin-technical-purchasing-consortium-contract-rfb-25-002tp—for-identity-verification-solutions-302253867.html

SOURCE AMSimpkins & Associates

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