Online Expenses is an easy to implement, easy to use service which will save time, resources and money.
Fundtech Online Expenses is an easy to implement, easy to use service which will save time, resources and money.
Online Expense Management
Insert and edit all claims online for a more cost effective, quick and easy way to complete expenses claims.
Online Expenses allows organisations of any size to make the transition from paper-based expenses, to online, saving valuable time and money both in the form of reduced staff costs and lower travel and entertainment spending. Online Expenses is easy to use and can be implemented at an affordable price.
Online Expenses can benefit a broad range of industries from SMEs to multinational organisations. The ability to access all expense information in one secure location increases control and enables more efficient reimbursement. Furthermore the flexibility of the software allows specific company requirements to be addressed through a standard configuration. This web-based solution can be accessed anytime from any location. Expenses can be submitted online as well as using credit card interfaces, SMS, iPhone and Blackberry applications and without the need to install the software.
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Key Features of Online Expenses Management :
• Improved efficiency of users, Accounts, management & auditors
• Tighter adherence to expense policy, inc rules, flags & reminders
• Minimise time spent on managing & processing expenses
• Reduced input errors and T&E claims
• Better reporting
• Increased staff satisfaction as expenses are processed quickly
• Automatic debtor control functions and full audit trail
• Receive e-payments and set-up direct debit schemes
• Fully VAT compliant across Europe
• Multilingual and multi currency options
Cost Saving Benefits
The most attractive aspects of Online Expenses Management are the time and cost reductions. Once implemented, the system can be updated in a matter of minutes and leaves no room for inaccuracy. Cost Savings across the board are undoubtedly expected. Online Expenses introduces significant cost savings at each step of the process; for employees in compiling and sending, line managers in approving and accounts staff in processing expenses. Not only are the processing costs reduced but by activating point-of-entry policy reminders, breaches can be flagged or prevented and expenses can be moderated.
Online Expenses complies with in country tax requirements with regard to data capture scope, independent authorisation and audit ability. The reports functionality allows management to produce tax-related reports by country. All the expense items associated with a client, project and/or for a specified time period can be easily reported on and exported to Excel or exported directly into an accounts system, allowing for easy recharging of expenses. Expenses are an integral part of any business whether it be travel costs or customer relations but this does not mean that they have to be a big part of the work load.
Fundtech Online Expenses is an easy to implement, easy to use service which will save time, resources and money.
Summary of Benefits
- Quick and low cost implementation and minimal running costs
- Remote deployment
- Cost savings in processing
- Intuitive software
- Multi entity configurations
- Accuracy in detail of claims, mileage calculation
- Tax compliance, tighter control and auditing
- Client led development of features
- Reduced room for error
- Variety of access routes, Online, Corporate card, SMS
- Carbon footprint tracking
Read more benefits in the Online Expenses datasheet.
Example User Profile
You have a number of employees submitting expense claims and want an online system that will reduce the time spent processing claims and reduce costs across the board. You need a system that allows employees to quickly and accurately submit claims 24/7 wherever they are and which will provide a way to enforce company expense policies. You need a system that can function using different currencies and can calculate taxes across borders.