eScoutSM Launches PayScoutSM – An automated reconciliation, matching and payment application

Lee’s Summit, Mo. (May 20, 2002) – eScout(SM) announced today the launch of its robust payment solution, PayScout(SM), a web-based application that provides invoice reconciliation, 2-way and 3-way matching, dispute resolution and electronic payments. Unlike other services or packaged software, PayScout is designed to integrate with e-marketplaces or act as a stand-alone application to provide increased efficiencies and cost savings for mid-sized and large corporations.
“PayScout represents a significant milestone for eScout as we further establish our role as a developer and provider of evolutionary e-business services,” said Sandy Kemper, founder and CEO of eScout. “PayScout is designed for companies of all sizes to process online payments at one-tenth the cost of traditional paper-based systems. Already PayScout handles thousands of invoices per week with our Fortune 500 clients.”