Inovium Launches On-Demand Purchase Order Payment System Starting at $99

LAS VEGAS--(BUSINESS WIRE)--Inovium Corporation, a developer of on-demand business process automation software, today announced yet another industry-first solution with InoviumPOPS, a simple to use, procure-through-pay system to automate the purchasing process at a price starting at $99 per month for any number of users (www.InoviumPOPS.com).

“A procurement process includes the identification of the product needed, the requisition and purchase order creation, approval process, delivery of purchase order to the supplier and subsequent delivery of the goods”

Aimed squarely at the small and medium-sized business marketplace, InoviumPOPS (Purchase Order Payment System) presents a robust, recession fighting e-procurement solution coupled with near-instant electronic payment component at a small fraction of the cost of Enterprise systems. “A procurement process includes the identification of the product needed, the requisition and purchase order creation, approval process, delivery of purchase order to the supplier and subsequent delivery of the goods,” states Jules Kaplan, founder of Inovium, “but what about the payment?” While most systems streamline the process up to the point of payment, often the payment itself is neglected, and the user is forced to resort to a more costly manual process. “With one click, payment can be scheduled through our secure, 256-bit encrypted network,” Kaplan reports.

The use of business process automation systems such as InoviumPOPS™ can result in savings to the user of as much as 80%, according to leading market research firms. However, the prevailing spend management systems are unwieldy, require significant training and are expensive. The low price does not reflect in the feature list of this solution, with such industry standards as shopping cart capability for supplier product searches, client-designed approval processes, easy-to-use interface, integration into existing accounting systems, and reconciliation tools upon receipt of product or service ordered.

The initial version of InoviumPOPS interfaces with well-known computer and hard goods suppliers. Because there is no cost for suppliers to link their electronic shopping carts to the InoviumPOPS system, Inovium expects the supplier list to grow rapidly. InoviumPOPS suppliers enjoy the added benefit of our rapid electronic payment system, reducing costly merchant processing fees.

About Inovium: Inovium is a developer of on-demand business process automation systems, including EIPP (Electronic Invoicing Presentment and Payment), RDC (Remote Deposit Capture), and e-procurement solutions, designed to streamline operations in a wide array of business sectors.