ExpenseWatch.com manages the entire process of controlling operating expenses.
Comprehensive
Developing a comprehensive operating expense control system for small-to-midsized businesses is what we do all day, every day. By operating expense control, we mean an end-to-end approach to expense control that provides real-time visibility into all your financial data and processes in one seamless user experience.
Unlike software that only addresses individual facets of expense control, ExpenseWatch.com won’t leave you with isolated clusters of data. Each module — Expense Reports, Purchasing and Invoice Management — offers a complete stand-alone solution and fully integrates in one comprehensive Web-based system. No matter where you are in a transaction life-cycle, you can be assured that company spending policies are being applied at every step in the process.
Whether your small-to-midsized company needs to control one problematic expense area or all operating expenses, ExpenseWatch.com offers true best-of-breed functionality.
Policy enforcement
ExpenseWatch.com enables you to completely automate your spending policy and enforce it at the transaction level. You can create custom spending categories for every area of your business. Then define limits, required attributes and acceptable tolerance levels for those categories. Exceptions to company policy are flagged for employees and their managers before spend occurs.
Accountability
ExpenseWatch.com implements your financial policy by providing a clear, configurable hierarchy of authority governed by internal controls. This creates auditable, automated policy enforcement that increases accountability at every level in the approval chain.
Flexibility
Controlling a business today requires flexibility without compromising compliance. That is why we designed ExpenseWatch.com to be completely scaleable and configurable while maintaining all controls necessary to show compliance. As a subscription-based service, we grow with your business. It’s easy to add licenses, change your approval chains and update your spending policies. And with key features like user-defined per diem functionality, multicurrency, line-item allocation and custom T&E expense reporting, ExpenseWatch.com can easily accommodate any business structure. Changes to your system can be made without interruptions to your daily business workflow or impact on your internal IT staff.
Self-service & ease of use
At ExpenseWatch.com, we know that the more intuitive our product is, the more your employees will use it. Our high adoption and usage rates are testaments to our attention to user-centered design.
What this means for you
ExpenseWatch.com easily integrates into your workflows, providing an intuitive user experience, while lowering your total cost of doing business.
- Employees submit expense documents faster and with fewer errors
- Managers have information at their fingertips to make informed business decisions in real-time - no more time-wasting inquiries to the finance department
- Policy enforcement is pushed out to the entire organization
- Auditors get real-time information, dramatically reducing the cost of audits
