Serengeti Simplifies International Invoice Processing

New release sets standard for worldwide integration

Bellevue, WA – June 15, 2009 – Serengeti today announced the release of Tracker 9.5: enhancements to Tracker's industry-leading tools for managing the complexities of currency conversion, data delivery, and payment reconciliation among multiple AP departments around the world. This new global invoice processing functionality further distinguishes the industry’s highest-rated and most widely used e-billing and matter management system—currently used by over 90,000 in-house and outside counsel in 160 countries.

Addressing International Growth

As law departments grow internationally, the requirements of invoice processing become increasingly complex. Foreign bills, with their varying taxes, currency conversions, and local payment requirements, can rapidly expand the administrative burden at law departments.

Tracker 9.5 addresses these challenges with a single, Web-based system that unifies bill processing, vendor management, and accounting systems. “With more international users than any other legal e-billing system, Serengeti is uniquely positioned to recognize and address the challenges of multi-national corporations,” said Rob Thomas, Vice President of Strategic Development at Serengeti Law. “With this new release, Serengeti continues to respond to the needs of our rapidly expanding global client base.”

Better Delivery: Connecting AP Systems Worldwide

Tracker 9.5 adds Web Services as a new method for delivering AP data to accounts payable systems. Serengeti is using the latest Web Services standards for providing the best way to securely and automatically transfer AP data. At each step, Tracker simplifies the process of connecting new AP departments regardless of location.

Better Visibility: Instant Review of Payment Status

Law departments often receive questions from outside counsel regarding invoice payment status. Because that information resides in multiple AP systems around the world, responding can be slow and time consuming. Release 9.5 allows AP departments to automatically upload payment data (i.e. date, amount, check/wire number) directly into Tracker where it can be viewed online directly by the vendor, the law department, and internal auditors.

Better Reports: Reconciling Spend Data with Amounts Paid

Release 9.5 automatically reconciles currency amounts approved on foreign bills with amounts actually paid – a particularly important feature for currencies with high rates of fluctuation. This feature, along with Serengeti’s ability to connect 100% of a law department’s vendors worldwide, permits the generation of the industry’s most accurate and complete international spending reports.

About Serengeti Law

Serengeti Law provides Serengeti Tracker, the most widely used and highest rated matter management and electronic invoicing service for corporate law departments to work more efficiently with their law firms. Serengeti Tracker has been selected by more than 260 law departments (including 100+ of the Fortune 1000), and is used by more than 90,000 legal professionals in 160 countries. It includes online document and contract management, electronic bill auditing, automated budget management, and performance tracking. In-house counsel can also create configurable management reports online to analyze trends in spending, track status and results, and create performance benchmarks. More information is available at: www.serengetilaw.com.

Press Contact:

Rob Thomas
Vice-President, Strategic Development
Serengeti Law
(425) 732-5518
rob.thomas@serengetilaw.com

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Back to Press Releases Articles of Interest News Archives	Serengeti Simplifies International Invoice Processing New release sets standard for worldwide integration Bellevue, WA – June 15, 2009 – Serengeti today announced the release of Tracker 9.5: enhancements to Tracker's industry-leading tools for managing the complexities of currency conversion, data delivery, and payment reconciliation among multiple AP departments around the world. This new global invoice processing functionality further distinguishes the industry’s highest-rated and most widely used e-billing and matter management system—currently used by over 90,000 in-house and outside counsel in 160 countries. Addressing International Growth As law departments grow internationally, the requirements of invoice processing become increasingly complex. Foreign bills, with their varying taxes, currency conversions, and local payment requirements, can rapidly expand the administrative burden at law departments. Tracker 9.5 addresses these challenges with a single, Web-based system that unifies bill processing, vendor management, and accounting systems. “With more international users than any other legal e-billing system, Serengeti is uniquely positioned to recognize and address the challenges of multi-national corporations,” said Rob Thomas, Vice President of Strategic Development at Serengeti Law. “With this new release, Serengeti continues to respond to the needs of our rapidly expanding global client base.” Better Delivery: Connecting AP Systems Worldwide Tracker 9.5 adds Web Services as a new method for delivering AP data to accounts payable systems. Serengeti is using the latest Web Services standards for providing the best way to securely and automatically transfer AP data. At each step, Tracker simplifies the process of connecting new AP departments regardless of location. Better Visibility: Instant Review of Payment Status Law departments often receive questions from outside counsel regarding invoice payment status. Because that information resides in multiple AP systems around the world, responding can be slow and time consuming. Release 9.5 allows AP departments to automatically upload payment data (i.e. date, amount, check/wire number) directly into Tracker where it can be viewed online directly by the vendor, the law department, and internal auditors. Better Reports: Reconciling Spend Data with Amounts Paid Release 9.5 automatically reconciles currency amounts approved on foreign bills with amounts actually paid – a particularly important feature for currencies with high rates of fluctuation. This feature, along with Serengeti’s ability to connect 100% of a law department’s vendors worldwide, permits the generation of the industry’s most accurate and complete international spending reports. About Serengeti Law Serengeti Law provides Serengeti Tracker, the most widely used and highest rated matter management and electronic invoicing service for corporate law departments to work more efficiently with their law firms. Serengeti Tracker has been selected by more than 260 law departments (including 100+ of the Fortune 1000), and is used by more than 90,000 legal professionals in 160 countries. It includes online document and contract management, electronic bill auditing, automated budget management, and performance tracking. In-house counsel can also create configurable management reports online to analyze trends in spending, track status and results, and create performance benchmarks. More information is available at: www.serengetilaw.com. Press Contact: Rob Thomas Vice-President, Strategic Development Serengeti Law (425) 732-5518 rob.thomas@serengetilaw.com ■ TOP