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“Expensewatch is flexible. Employees can use it anywhere, at any time, and when you have employees scattered across the world, that kind of flexibility comes in handy.” Sean Lamb, |
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Calypso Technology Issues
- Inadequate Access to Travel & Expense Reporting: Calypso’s employees worked in diverse worldwide locations. Many employees didn’t have reasonable access to automated travel and expense reporting.
- Lack of Expense Visibility: Calypso was experiencing significant growth in revenue and workforce, making it harder for senior management to track expenses against the budget.
- Difficulties with Foreign Currency Transactions and International Workflows: Calypso had difficulty integrating foreign currency transactions and international A/P workflows with expense data in US-centric software systems.
Calypso Expense Management Goals
- Provide Employees with 24/7 Access to T&E Reporting: Calypso wanted to give employees access to an expense control and compliance system that would be available anywhere, at any time.
- Offer Timely Budget Reporting to Managers and Executives: Calypso required a real-time view of all of the expenses against the budget to provide Calypso’s financial decision-makers with a detailed level of expense visibility across the enterprise.
- Support for International Employees: Calypso needed a system that could effectively and easily manage foreign currency transactions and international A/P workflows.
ExpenseWatch.com Solution
- A Web-Based Solution: ExpenseWatch.com provided instant, worldwide access to expense control and compliance. Calypso employees are able to access the system at any hour of the day, from any location around the world.
- Automation of Financial Policy: ExpenseWatch.com’s automation of financial policy and enforced, unambiguous approval processes not only free up employees’ time, but also safeguarded Calypso’s assets.
- Expense Visibility: ExpenseWatch.com captures transactions as they occurred and stores them in a centralized repository of transaction data. This gave Calypso’s senior management a proactive, real-time view of expenses against the budget.
- A Flexible Architecture: Calypso customized ExpenseWatch.com’s flexible architecture – with its expandable workflows, currencies, exchange rates, and attributes – to efficiently manage transactions in all of its worldwide offices.
About Calypso
Calypso Technology is a leading provider of trading and trade processing software that financial services firms use to trade bonds, currencies, derivatives, stocks and other financial instruments. Calypso is a growing company headquartered in San Francisco, with offices in eight locations worldwide.
