The need to automate is often married with the realization that a company’s policies, if they existed, are either working poorly or not being enforced.
Corporate spend policies keep a company’s finances under control. Like most small-to-midsized organizations, you probably fall into one of the following categories:
- You have well-defined company spending policies and are looking for more cost effective enforcement
- You have well-defined company spending policies, but no one enforces them
- You are struggling to define a policy that is realistic for your organization
Consider the following scenario:
To order office supplies, you go to the office manager. The office manager hands you a catalog, you flag the items you want and return the catalog to the office manager who then calls to place the order. The box arrives with your supplies. The invoice lands on the office manager’s desk. They track you down to retrieve the packing list before the invoice can be paid.
At the end of the month, the books are closed and you find out that your department went over budget and you probably should have waited until next month to order the new supplies. Additionally, your boss wants to know why you ordered such expensive pens.
With ExpenseWatch.com, the entire process is automated with policies, controls and permissions set in place to ensure that the right people see the right information at the right time. From the initial person in need of materials, to the central purchaser, to the department manager, to the accounting reviewer, each individual in the process gets their part of the ExpenseWatch.com solution on their desktop via a browser.
ExpenseWatch.com enforces corporate spend policies with in-line, real-time budget information, a robust signature authority form and configurable features. As a result, our customers successfully control their expenses, meet audit and compliance requirements and deter fraud.
