CALGARY, AB – ComplyWorks Ltd. – a leader in compliance management solutions – is pleased to announce the North American release of its eProcurement Solution. eProcurement is the first solution to combine electronic invoicing with compliance verification, empowering clients to immediately reduce fines after deployment. The eProcurement Solution is the result of a collaborative effort between ComplyWorks and ProcureDox.
“Allowing employers to check compliance status at the point of payment creates a complete prequalification to payment solution unlike anything in the marketplace today,” said Cal Fairbanks, CEO and president of ComplyWorks. “This compliance check is essential for many industries, especially in the energy sector. By not doing a compliance check at the time of payment companies are leaving money on the table.”
Failure to verify compliance at the time of payment can result in steep fines for companies. eProcurement makes it easy for companies to comply with regulations, so they aren’t subject to these fines. The solution will also provide companies with further insight into their invoicing with spend reporting to see how much money is spent employing compliant and non-compliant contractors.
“We are very proud of this collaborative solution,” said Ibrahim Hamouda, CEO and president of ProcureDox. “It really combines some of the best parts of our offerings and makes it easy for participating contractors and employers to reduce their workload, increase visibility of compliant contractors to employers and get paid sooner.”
eProcurement is fast, efficient and secure, making electronic invoicing simple and seamless for both employers and their contractors, no matter what invoicing system they use. It does this regardless of how invoices are sent – fax, mail or electronically, eProcurement can handle them all.
Visit www.procuredox.com to learn more or contact firstname.lastname@example.org.
ComplyWorks is a global leader in compliance management. Since its inception in 2004, the company has expanded across Canada and globally, while retaining its focus on its clients. The company has continued to expand its offerings to cover the entire compliance lifecycle, from contractor management, through to workforce, worksite and payment. For more information please visit: www.complyworks.com
In the market since 2005, ProcureDox Business Solutions is a leader in business-to-business data exchange. ProcureDox, based in Calgary, with offices in Houston and the Middle East, is best known for its 100% invoicing features built into all their products and business solutions.