ASSIST.biz is an enterprise-ready, scalable, and secure platform designed to streamline e-invoicing and e-claims processes for businesses. With robust API integrations, we enable seamless compliance with regional tax regulations across North and South Asia.
Why ASSIST.biz?
- Enterprise-Ready: Secure, scalable, and designed for large-scale operations.
- User-Friendly: Simple interface with minimal learning curve.
- Scalable: Adapts to the needs of SMEs and large enterprises.
- Integration-Ready: API-based architecture for seamless connectivity.
- Data Extraction for Financial Automation: Automates processing for invoices, receipts, bank statements, and credit card statements, reducing manual data entry and improving accuracy.
- Workflow Automation: Supports three-way matching to verify invoices against purchase orders and receipts, reducing fraud and improving accuracy.
- Deep Financial Insights: Integrates with BI tools like Looker and ChatGPT to provide financial reporting and analysis, accessible via email.
- Multi-Type, Multi-Format & Multi-Lingual Processing: Supports various financial documents (invoices, receipts, bank statements, credit card statements) across multiple formats (PDF, XML, EDI, CSV) and languages (English, Chinese, Malay, Japanese, Thai, Vietnamese, and more) using Large Language Models (LLMs) for intelligent data extraction and translation.
Core Functions & Value Proposition
E-Claims
Use Case:
ASSIST.biz digitalizes the entire claims submission, approval, and reimbursement process, reducing paperwork and delays.
Key Benefits:
- Automates claim submissions and approvals
- Enhances financial transparency
- Reduces processing time and administrative overhead
Process Flow Comparison:
Traditional | ASSIST.biz |
Manual form submissions | Digital submission via email |
Paper-based approvals | Automated tracking & notifications |
Delays in reimbursements | Faster approvals & disbursements |
E-Invoicing & Financial Document Processing
Use Case:
ASSIST.biz automates financial document processing, ensuring compliance with tax authorities and regional e-invoicing mandates while also providing automated data extraction for accounts payable (AP) workflows.
Key Benefits:
- Eliminates manual document handling
- Extracts financial data from invoices, receipts, bank statements, and credit card statements for automated processing
- Ensures regulatory compliance (e.g., Singapore InvoiceNow, Malaysia MyInvois)
- Accelerates approvals and payments
- Three-Way Matching: Verifies invoices against purchase orders and receipts to prevent overpayments and fraud
- BI Integration: Provides deep financial insights via Looker and ChatGPT for reporting and predictive analytics
- Multi-Type, Multi-Format & Multi-Lingual Processing: Processes invoices, receipts, and statements in PDF, XML, EDI, CSV, and other formats, supporting multiple languages (English, Chinese, Malay, Japanese, Thai, Vietnamese, etc.) for global operations.
Process Flow Comparison:
Traditional | ASSIST.biz |
Manual invoice creation | Digital invoice generation |
Printing & mailing invoices | Real-time digital submission |
Delays in approvals | Instant tracking & compliance checks |
Manual data entry for AP | Automated data extraction for financial documents |
No real-time financial insights | AI-powered analytics via BI tools |
Limited language support | Multi-lingual processing with LLM (English, Chinese, Malay, Japanese, Thai, etc.) |
Single document type | Processes invoices, receipts, bank, and credit card statements |
Competitive Edge vs. Avalara (Epicor's US Partner)
Feature | Avalara | ASSIST.biz |
Focus Region | US-centric | Asia-centric |
E-Claims Support | No | Yes |
Integration with Local Tax Systems | Limited | Extensive |
Compliance with InvoiceNow (SG) & MyInvois (MY) | No | Yes |
Multi-Type Document Processing | No | Yes |
Workflow Automation (3-Way Matching) | No | Yes |
BI & Financial Insights (Looker, ChatGPT) | No | Yes |
Multi-Format & Multi-Lingual Processing | No | Yes (Supports English, Chinese, Malay, Japanese, Thai, etc.) |
By positioning ASSIST.biz as the Asian equivalent of Avalara, we offer Epicor an opportunity to expand its compliance solutions into a rapidly growing market.
Pricing Model
- One-Time Setup Fee: Covers implementation, training, and API integration.
- Ongoing Monthly Subscription: Tailored to enterprise needs.
- Per Document Charge: Pay-as-you-go model for processed invoices, receipts, and statements.
Strategic Partnership with Epicor
- Integration with Epicor’s ERP solutions for seamless e-invoicing, e-claims automation, and financial document processing.
- Expanding Epicor’s compliance capabilities in Asia through local regulatory adherence.
- Revenue growth opportunity: Epicor can bundle ASSIST.biz within its ecosystem, offering a fully localized compliance solution.
Next Steps
- Align technical teams for API integration discussion.
- Co-branding opportunities for ASSIST.biz as part of Epicor’s Asia expansion strategy.
- Pilot program with Epicor’s existing customers to demonstrate efficiency gains.
Conclusion
ASSIST.biz provides a robust, enterprise-grade e-invoicing and financial automation solution tailored for Asia, with advanced multi-type document processing capabilities. With added workflow automation (including three-way matching) and BI-powered financial insights, we provide a holistic financial automation solution. With support for multi-type, multi-format, and multi-lingual financial document processing powered by LLM, we enable global enterprises to process invoices, receipts, and statements seamlessly. By partnering with Epicor, we aim to become the leading e-invoicing compliance provider in the region, unlocking new revenue streams while ensuring businesses stay compliant and efficient.
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