Digital receipts are automatically compiled into a central repository of data, creating a seamless journey for finance departments who can save hours processing paper receipts, excel spreadsheets and card statements. The app captures receipts on the go, liberating employees from the pain of expense reports. This level of proactive control mixed with a real-time data feed makes unauthorised spending a thing of the past.

The cards can be used everywhere that Mastercard® is accepted however managers can create restrictions to meet the individual expense spend profile of each employee. It enables employees to purchase on behalf of the company, managers to approve their transactions in real-time, and accountants to process the collective expenses with maximum VAT reclaim into their favoured accounting software. Paper systems are also inefficient and open to abuse such exaggerated claims or even claims for personal spend like meals out.Įxpensemate consists of smart Mastercards connected to a digital ecosystem via a mobile app and a central management dashboard. Navigating the murky world of employee expenses can be a challenge, especially if you’re still using a paper-based system.Ĭollecting receipts and filling in claim forms impacts employee productivity and waiting for reimbursement can create tensions between staff and management.

In this article, we look at six popular procurement tools that will bring clarity to your spending, helping you to manage cash flow and expenditure more effectively. Learn the steps you can take for better procurement. If the answer is no, you could be losing money to inefficient procurement processes or incorrect or exaggerated expense claims. But can you honestly account for every penny of expenditure? Understanding where the money is being spent in your business is essential for optimal financial performance.

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