Myver to Provide Revolutionary and Fully Automated Expense Management system

Myver | November 27, 2020

Anybody can give an advanced receipt – yet what happens a short time later is totally covered by the Myver™ patent.

Myver was encouraged to give a progressive and completely automated corporate expense management system. The new idea is something beyond the next generation frictionless expense handling, and has as of late secured US patent protection (No. 10,515,420). The patent gives Myver the sole option to handle and deal with computerized receipts (likewise messages and photographs of) and related information, both on a corporate and private level.

With Myver completely coordinated, when an individual (corporate or private) uses their card or installment arrangement the expense will be naturally prepared, sorted and hailed to management for endorsement whenever required. Business individuals will no longer need to check paper receipts or take photographs, money groups will no longer need to handle expenses and the new system will assist with decreasing unapproved spending and misrepresentation sparing banks and organizations millions.

Commenting on the development, Mr. Ejlersen, Co-inventor and founder, said: "We are delighted to have secured the US patent for Myver, which is set to change the way we all process receipts and expenses forever. At a time when tackling climate change is crucial and avoiding unnecessary contact is important for health reasons, this new paper free eco-friendly system will be beneficial for the environment and public health now and for future generations.

The Myver business system covers all processes from the handling and utilization of digital sales receipts to Enterprise Resource Planning (ERP). This includes direct feed to ERP systems, bookkeeping, budgeting, reconcile accounts, receipt storing, direct marketing, storing warranty information and warranty reminders, fraud and false claims prevention, as well as direct customer financing.

The annual cost of handling fraud and false claims in US businesses is over $1bn and we believe it is time for change. Saving people, businesses and banks time and money, and reducing fraud risk, this new system will make the world more efficient and productive."

Having built up the cycle and strategy, the Co-creators and authors welcomed on board senior chief Jesper Ronald Petersen who was previously Global Head of Financial Institutions and Senior Vice President at Danske Bank and has more than 30 years' experience of working in banking and fintech.

Having secured the US patent, the Danish and London based group, are now chipping away at taking the system to a worldwide level. The Myver group is in discourse with potential US, European, and Chinese joint endeavor and permitting accomplices.

Accomplices will profit by the potential for corporate and retail upselling as an extra income stream, direct advertising openings, large information bits of knowledge, extortion and bogus case counteraction and remarkable guarantee update benefits. The natural and Coronavirus secure highlights of Myver could likewise assist with boosting the Environmental, Social and Governance (ESG) accreditations of accomplice organizations and organizations.

All organizations handling or preparing computerized receipts including worldwide related information dealing through US workers, needs a permit or business manage Myver to proceed with their activities.

Myver welcomes pertinent gatherings to acquire a permit to catch the immense business openings and join molding the eventual fate of advanced receipts and what comes after.


The era of globalization has seen Multinational Corporations (MNCs) building inter-connected global supply chains with subsidiaries across many jurisdictions, transacting goods, services and financing with one another. These complex crisscrossing networks of intercompany transactions are subject to accounting, finance, transfer pricing, exchange controls and other regulations of each country in its global network. The external auditors in each location expect that each entity of the MNC has, inter alia, proper controls across the entire process, proper documentation on a contemporaneous basis, and the ability to account for the source and nature of each transaction, match it to its respective underlying financial flow, reconcile the numerous accounting accruals and payments, and trace the supporting documents.

Other News

Global payments platform Nium boosts payment capabilities in South Korea through partnership with SENTBE

Nium, SENTBE | April 01, 2021

SINGAPORE, 1 April 2021 – Nium, an advanced global payments platform, announced today a partnership with SENTBE, a fintech company that offers cross-border payment platform, to enable Nium customers to make payments into South Korea. Nium customers are also able to extend this offering to their own consumers, thus adding a new payments corridor into one of the world’s largest economies. South Korea has become an economic powerhouse, constantly ranking within the Top 10 when it comes to any global exporter and importer lists . With a focus on technological advancements, the country has also grown significantly in its adoption of cashless payments and often comes up top in the list . While much progress has been made to digitise payments within the domestic scene, the international business payments landscape continued to be plagued by complexities. Companies need to comply with different requirements depending on the mode of transfers, and there is also the added complexity of charges and conversations due to currency exchanges. This partnership between SENTBE and Nium looks to address these scenarios and streamline payments into South Korea. By simplifying the transaction flows through the removal of middlemen and allowing local currency payments, businesses can ensure that instructed amounts are being credited in full to the accounts of vendors, suppliers and recipients without any unforeseen deductions or conversion charges in between. The process is also fully transparent within the portal or through Nium’s APIs, providing easier tracking and visibility for the accounting team. Through this collaboration, which will see Nium integrating SENTBE’s APIs, Nium customers from around the world can now make the fund transfers directly to the banks of their partners and vendors in South Korea. 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As an FX-focused solution company, SENTBE will provide a more cost-effective and faster cross-border payment services to Nium's customers,” states Alex Choi, CEO of SENTBE. “This partnership outlines SENTBE’s growth plans to become a global payments company that offers reliable services by removing overseas payments barriers between the world and South Korea." All funds transferred can be initiated in any of the 40+ source currencies currently offered through Nium’s Send service and recipients will receive the payout in their local currency to all major banks in South Korea via SENTBE. About Nium Nium is a next-generation financial services platform  that enables companies around the world to unlock new revenue opportunities and improve cash flow economics. Nium is a leader in its geographical and payment service breadth, owning licenses in the world’s largest and fastest-growing economies. Our modular platform allows banks, payment providers, travel companies, and other businesses to collect and disburse funds in local currencies to over 100 countries, plus issue physical and virtual cards globally. Our proprietary set of APIs embeds financial services and can bring to life multiple B2B and B2C use cases in a matter of weeks. Nium is part of CB Insights Fintech 250, which highlights the most promising Fintech companies globally. Today, Nium serves over 130 million customers and enables platforms to provide access to financial services to over 3 billion people across the world. For more information, visit: About SENTBE Founded in 2015, SENTBE has revolutionized overseas payments services with low fees, fast transaction speeds, and simple user experiences to create frictionless cross-border financial activities. SENTBE’s product offerings include overseas remittance platform “SENTBE”, enterprise overseas payment platform “SENTBIZ”, and payment settlement API for global e-commerce platform “SENDA”. With the launch of SENTBE GLOBAL, SENTBE will provide payment services globally to 50 countries around the world such as North America, South East Asia, Europe, etc. SENTBE has established a global network with partners such as Moneygram, Ripple, and Samsung Pay. It is the only South Korean company to have acquired a Major Payment Institution license in Singapore, in addition to its Korean Electronic Financial Business license, Other Specialized Foreign Exchange license, and Small Sum Overseas Remittance license. For more information, visit: Media Contact: Gillian Loo +65 9863 8120

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NCR | January 17, 2022

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Alkami | April 22, 2022

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The era of globalization has seen Multinational Corporations (MNCs) building inter-connected global supply chains with subsidiaries across many jurisdictions, transacting goods, services and financing with one another. These complex crisscrossing networks of intercompany transactions are subject to accounting, finance, transfer pricing, exchange controls and other regulations of each country in its global network. The external auditors in each location expect that each entity of the MNC has, inter alia, proper controls across the entire process, proper documentation on a contemporaneous basis, and the ability to account for the source and nature of each transaction, match it to its respective underlying financial flow, reconcile the numerous accounting accruals and payments, and trace the supporting documents.