former Spenmo The executives announced the launch of a new venture. SummitFocused on expense management for small and medium-sized businesses.
Led by CEO Jo-Ann Chung, CTO Isaq Ahmed and CFO Jim Goudie, Summit is backed by Global Founders Capital and Insight Partners.
Summit aims to solve common pain points in financial management by modernizing and automating accounts payable and employee expense claims processes.
The platform promises to improve visibility and control over business spending and dramatically reduce accounts payable processing times by up to 75%.
Summit’s platform provides a real-time, centralized view of information, allowing for efficient auditing and reconciliation of vendor invoices and staff billing.
The company’s intuitive interface and smart automation tools leverage advanced algorithms and machine learning to provide actionable insights to streamline invoice processing and employee billing.
The platform includes vendor invoice management and employee expense management products.
Joan
“At Summit, we have gone to great lengths to design a platform that fits and complements the workflow requirements of finance teams, reducing their workload by eliminating repetitive manual tasks such as data entry, status tracking, information retrieval and quality checks.
With smart, sophisticated and easy-to-use tools, financial managers will be able to save valuable time and identify opportunities to further reduce operational costs.”
Summit CEO Joan said:
Featured Image: Left to right: Isaq Ahmed (CTO), Jo-Ann Chung (CEO), Jim Goudie (CFO)
