SOURCE: Active Business Network

October 12, 2010 06:00 ET

Active Business Network Announces ABN Xpress Suite Fall '10, Low Cost SaaS-Based E-Procurement Solution for Small-to-Medium Sized Enterprises

First of Its Kind, Full EDI Implementation Lowers Barrier to Entry, Fully Digitizes "Both Ways," Invoices and Purchase Orders

SAN FRANCISCO, CA--(Marketwire - October 12, 2010) - Active Business Network, the leading provider of simple, affordable SaaS-based solutions that enable businesses to automate their procurement processes, announced today its ABN Xpress Suite Fall '10 SaaS-based release, aimed at budget conscious businesses that need to transition antiquated, paper-based procurement methods to low-cost, efficient e-procurement systems while minimizing initial implementation issues.

"Many companies have long since digitized all other business processes but they still scan invoices and purchase orders and manually sift through them for the status of their procurement-to-pay processes. They know they should transition over, but the initial implementation and overall cost are big issues," said Andrew J. Preston, Jr., CEO of Active Business Network. "The ABN Xpress Suite addresses these areas directly and makes it possible for small-to-medium sized companies to go fully e-procurement, working with all of their vendors, leading to stunning improvements in cost and accuracy."

Electronic Data Interchange (EDI) is the structured transmission of data between organizations by electronic means. This is the foundation for advanced e-procurement technologies. Prior to the release of the ABN Xpress Suite Fall '10, only large companies could afford the massive investment required to utilize EDI and automate many of their day-to-day business tasks and processes. Not surprisingly, these large systems came with huge up-front costs and high maintenance fees to keep them running. ABN has brought EDI to small-to-medium sized businesses. Even larger businesses can benefit from the ABN Xpress Suite, using it as a bridge to their small-to-medium sized business partners, thus expanding and solidifying their critical business relationships.

Main Features of ABNxchange Fall '10:

  • Support for any vendor via easy-to-use online invoice system
  • Rapid Vendor Onboarding using simple, 5-step web form
  • Submit Invoices and Purchase Orders without email or OCR
  • Full EDI compatibility for companies with existing ERP systems
  • Dashboard and Reporting gives real-time visibility into health of supply chain

For more information and to begin using ABN Xpress Suite Fall '10 today, please see

About Active Business Network
Based in San Francisco, California, Active Business Network replaces the handling of paper-based transactions, including invoices, Purchase Orders (POs) and utility bills, with a streamlined electronic system. We provide an easy-to-use, secure web-based dashboard where you can view and manage all of your transactions with a single point of access to all your vendors, eliminating errors in the handling of your invoices and POs. We can get a new vendor up and running in days not months or years, and we guarantee a rapid, provable ROI for automating your paper-based procurement processes.

Contact Information

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    Jesse Casman for Active Business Network
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