The holidays and beginning of the year are a crucial time for any business. It’s natural for organizations to reflect on the successes and failures of the past year, and to implement changes accordingly. Many organizations are already making changes by automating their accounts payable solutions – and their purchase card management.
Many companies already use purchase or corporate procurement cards for their everyday spending. However, the traditional (manual) way of managing purchase cards is inefficient, cumbersome, and vulnerable to human error. Employees must hold on to all of their receipts, enter data manually, and ensure that they don’t violate company policy with their spending. With all of these variables to keep track of, the process is unnecessarily difficult.
Not only is manual purchase card management difficult; it is expensive. Eighty percent of corporate purchases are low-dollar value, but it costs upwards of eighty dollars to issue and manage a hard-copy purchase order. In other words, issuing and managing a paper purchase order is oftentimes more expensive than the purchase itself.
That’s where we come in, with PurchaseAnywhere.
PurchaseAnywhere is a web-based solution for the automation of an organization’s corporate credit card, purchase card, and pre-paid card spending. The software allows users to automate card charge reconciliation, manage and control spending, and integrate with existing ERP systems. Additional features include receipt matching and validation technology, intelligent dashboards and reporting, receipt imaging, expense entry and approval, and tax compliance.
It’s a new year. Why not make a fresh start and automate your purchase card management with PurchaseAnywhere? Your bottom line will thank you for it. To learn more or to request a demo, visit us at https://www.expenseanywhere.com/ or call us at 412-858-1111.