Faster creation. Better visibility.
According to the Aberdeen Group, automating your expense report process can reduce the cost of every expense report by 72%. Verian’s expense report solution gives your employees the power to quickly create and approve expense reports on a computer or smart phone. Expense Manager not only automates your expense report process, it also gives your managers real-time spending intelligence of trends in their areas.
Download Expense Manager Data Sheet
What Can the Verian Solution Do for Me?
Acquire
Expense data can be entered and verified in the system or downloaded from corporate credit card providers (corporate-liability or personal-liability). Expense Manager also integrates with scanning systems to capture receipts digitally.
Authenticate
To ensure prompt corrections, employees receive automatic email notification when expense entries are out of compliance and require review.
Manage
Create an approval route for expense reports based on your existing policies. The system also automatically enforces per diem rates, accommodations and qualified expenses and alerts managers when expense information is outside of normal policies. Automatically separate line items on expense reports for review by different approvers. Managers can submit expense pre-approvals before they are out of the office for compliance or cash advance purposes.
Reimburse
If you need faster reimbursement, automate your process via direct deposit, which eliminates check printing and ensures faster cycle times. When reconciled, expenses are posted to your AP or payroll system automatically.
Reporting
Monitor expense activities and detect trends by employee, group, location or cost center. You can also link expenses to projects for expense tracking and customer billing. Expense information is available online for periodic auditing.
Key Benefits:
- Reduce expense report creation by 50%
- Reduce AP handling time by up to 77%
- Reimburse employees more quickly
- Eliminate shipping and postage costs associated with paper receipts
- Take full advantage of tax deductions for eligible business expenses
- Reduce physical storage costs
- Increase travel policy compliance