NewInvoice Announces the Availability of NewInvoice 4.0 at 2003 MBA Technology in Mortgage Banking Conference & Expo.Business Editors 2003 MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration Technology in Mortgage Banking Conference & Expo ORLANDO, Fla.--(BUSINESS WIRE)--March 10, 2003 NewInvoice, L.L.C., the mortgage industry's preeminent provider of business-to-business electronic bill presentment See EBPP. (EBP EBP Evidence Based Practice EBP Enterprise Buyer Professional EBP Education Business Partnership EBP European Business Programme EBP Efficiency Bandwidth Product EBP Electronic Billing and Payment EBP Extended Base Pointer EBP Error Back Propagation ) technology for vendor-to-lender invoices, today announced the availability of NewInvoice(TM) version 4.0, a complete Electronic Invoice Management (EIM EIM Enterprise Incentive Management EIM Enterprise Information Management EIM Enterprise Identity Mapping (IBM) EIM Enterprise Instant Messaging EIM Employee Internet Management EIM European Institute for the Media ) system that enables mortgage servicers to electronically manage all aspects of their business-to-business default-related invoices. NewInvoice is a vendor management solution that electronically presents and automates every facet of a vendor-to-lender invoice process. With 4.0, NewInvoice enhances the process further by automating the entire process of requesting a service or product electronically, tracking pending expenses, monitoring statuses, automating approvals and electronic payments and claims submissions. The system's capabilities include specialized modules for bulk transactions, advance or credit management, final bill due date management, online interactive messaging and resolution solutions. NewInvoice version 4.0 also contains many new features and products for both servicers and vendors. NewWeb Express(TM), an interactive online training and support center solution, will be utilized in facilitating version 4.0 training to all NewInvoice clients. Additionally, NewWeb Express is used for online demonstrations of NewInvoice, conducting advisory meetings and performing one-on-one support sessions. Training, marketing and advisory sessions can also be recorded using NewWeb Express, giving users the ability to playback the sessions at any time. NewPayment Express(TM), another new feature released with version 4.0, allows vendors to pay invoices electronically through an automated clearinghouse transaction (ACH) versus the traditional issuance of a check. This process will include full reconciliation of invoices submitted, reviewed, adjusted, curtailed, denied and paid. NewImage Express(TM), a new member of the NewInvoice suite of solutions, revolutionizes how the mortgage industry manages image-based documents between its provider network. Personal computers, image scanners and required application software all comes fully loaded. A client needs only an Internet connection to distribute image-based documents, such as foreclosure foreclosure Legal proceeding by which a borrower's rights to a mortgaged property may be extinguished if the borrower fails to live up to the obligations agreed to in the loan contract. and bankruptcy referrals, in minutes to an attorney - versus days. With an integrated collateral management module, encryption of all data, images and bi-directional capability, this new service will become a standard feature for all mortgage servicers. NewInvoice version 4.0 also contains additional features to accommodate specialized services for attorneys, automated valuation models (AVM AVM 1 Acute viral meningitis, see there 2 Arteriovenous malformation, see there ), broker's price opinions (BPO BPO Business Process Outsourcing BPO Benevolent & Protective Order (of Elks of the USA) BPO Benzoyl Peroxide BPO Business Process Optimization BPO Broker Price Opinions BPO Buffalo Philharmonic Orchestra ), appraisers, property inspectors and preservation vendors, titles, replevins, owner and encumbrances (O & E), breach letters and real estate owned Real Estate Owned Property owned by a lender - usually a bank - after an unsuccessful sale at a foreclosure auction. This is common because most of the properties up for sale at these auctions are worth less than the total amount owed to the bank: the minimum bid in most (REO reo Noun NZ a language [Maori] ) providers. "This is the most comprehensive release of NewInvoice since our initial release in 2000," said Rich Rollins About NewInvoice Founded in 1999, NewInvoice provides business-to-business electronic bill presentment (EBP) technology for vendor invoices to the mortgage industry. NewInvoice standardizes, pre-analyzes and electronically presents vendor invoices to the servicer while eliminating duplicate invoices and data entry. NewInvoice(TM), an Internet-based product, has specialized modules that go beyond standard electronic bill presentment requirements such as: electronic management of final bills, automated bulk sales and acquisitions, advance and credit processing, electronic payments (ACH) and image-based collateral and referral document distribution. NewInvoice is the chosen product for Alltel, MortgageServ and London Bridge London Bridge, granite, five-arched bridge formerly over the Thames, in London, England. It is 928 ft (283 m) long and was designed by John Rennie and built between 1824 and 1831. and lists nine of the top fifteen A-paper mortgage loan servicers and ten of the top fifteen sub-prime mortgage loan servicers as customers. For more information regarding NewInvoice or the company's products, visit the company's Web site at www.newinvoice.com. |
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