Got an Expense Management Challenge?

Organizations are constantly seeking to scale and improve inefficiencies, control costs, optimize enterprise expense management and overall quality in order to stay ahead. Most management practices rely on spreadsheets or some fragmentary software modules that are often not modelled for the business or poorly integrated software. Collaboration and collections of data from these silo systems are unable to support a company’s changing needs or strategic business initiatives. Information gaps, business process breakdowns, and old data inhibit business owner’s ability to control operations forcing them into devising time-consuming workarounds just to manage a process.

Inefficient information gathering and delayed decision-making results in missed market opportunities, wasted effort, and cost over-runs. The same pressures are intensified due to globalization. Companies failing to adapt to new industry demands are bound to experience serious consequences.

Finance teams typically spend most of their productive hours treating expense request files, by checking the required approvers have signed and whether if it is within their limits at the same time ensuring that requests have enough budget to accommodate them. while the rest are burdened with editing business expense reports to ensure accuracy, reduce spend leakage, and get payees paid correctly and on time.

FinTrak Expense Management Solution is one of the best expense management software designed to optimize expense requisitions, tracking and reporting by compelling the users’ to conform to the organization’s expense policies via a workflow integrated solution. It eliminates expense management issues by providing a globally viable expense solution with the capabilities required to provide spend visibility, ensure budget enforcement, align with standard operating procedures, regulatory compliance, and delight employees.

The solution is designed to enable organizations to control and reduce costs through paperless workflows with capabilities to track and enforce approval limits of designated expense approvers. The system helps Finance teams be more agile, providing a simple yet powerful administrative experience that enables them to focus on analysis and provide management with the platform to make a more informed expense.