New: Winner of the Sleeter Group's AWESOME ADD-ON AWARD for 2010.
ExpenseWatch.com is changing how small and midsize companies manage operating expenses.
Every organization wants to control and reduce operating expenses. However, the issues that compel a company to resolve expense control concerns vary greatly from organization to organization:
-- Manual, paper and labor intensive processes are not adequate to support faced-paced, growing businesses.
-- Corporate expense policies may need to be enforced, or put into place for the first time.
-- Managers can’t see how department spending is impacting their budgets in a timely manner.
-- Analysis of company spending is limited by manual processes and a lack of detailed reporting.
-- Companies may be faced with Sarbanes-Oxley and other regulatory compliance issues.
With ExpenseWatch.com, you can control operating expenses and acquire real-time visibility into every aspect of how your company spends money.
ExpenseWatch.com offers best-of-breed modules for travel & entertainment expense reports, purchasing, and A/P invoice management; each work together as a fully integrated suite or stand alone. The usability-tested interface ensures fast user adoption with little or no training and support.
In one easy process you can create an expense report, purchase requisition, or invoice; attach scanned or faxed images to the document or at the line item level; and route the document for approval. Email notifications are automatically sent to the correct approvers, who can then approve or reject line items individually or all at once.
Corporate spending policies are automatically enforced across your entire business and compliance issues are addressed. Incorporating prepared budget data enables you to generate real-time budget vs. actual reports that are as current as the latest entry. This allows you to analyze company spending from macro to transactional detail, make critical financial decisions before money is spent to prevent budget overruns, and more.
To ensure transactional efficiency throughout your organization, ExpenseWatch.com seamlessly integrates with QuickBooks (Enterprise, Premier and Pro).
As an on-demand application, ExpenseWatch.com can be deployed into your organization quickly, without extensive upfront costs, ensuring that your company will see a rapid return on its technology investment. According to a recent report by Aberdeen Group, companies that have installed financial software-as-a-service applications are reporting implementation times of less than three months and ROI in less than six months.
ExpenseWatch.com is by your side with implementation, training, updates and upgrades to make sure that your organization achieves all the benefits the service offers.
All of this capability is available for one low subscription price. There are no hidden costs.
Distinguishing Features:
Comprehensive
Operating expense control means an end-to-end approach to controlling and reducing expenses 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.
Policy enforcement
ExpenseWatch.com enables you to completely automate your spending policy and enforce it at the transaction line-item level. 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. ExpenseWatch.com is completely scaleable and configurable while maintaining all controls necessary to show compliance to Sarbanes-Oxley and other regulatory requirements.
As a subscription-based service, ExpenseWatch.com grows with your business. It’s easy to add licenses, change your approval chains and update your spending policies.
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.
Think of ExpenseWatch.com as your customer relationship management tool for operating expense controls. While CRM provides complete visibility into company revenue and the sales pipeline, OpEx Control from ExpenseWatch.com provides a comprehensive solution to control and reduce all operating expenses.