Giving greater span and depth of control to company auditors and budgeting managers
November 9, 2011 – ExpenseAnywhere announced the release of two new modules for 1) Budgeting and 2) Auditing with its ExpenseAnywhere-Enterprise software for corporate travel and expense management automation. These two modules are designed to empower clients to better control and monitor their corporate spending against pre-set budgets and policies.
The Budgeting Module allows corporate CFO’s and cost center managers to easily set and assign travel and expense budgets with varying degrees of granularity across their organization, by employees or expense accounts. Once established, ExpenseAnywhere automatically tracks employee spend, actual vs. budgeted, and keeps employees and cost center managers informed of spending patterns and performances. The ExpenseAnywhere “Expense-O-Meter” keeps employees and their supervisors informed in real-time with automatic notifications to budget directors. The Budgeting module provides a powerful tool for managers to analyze their travel budgets and proactively manage and control their travel-related expenses.
The Auditing Module provides auditors with an enhanced ability to set audits and auditing controls. Auditors can set random audits by employees or organizational hierarchy, select a random percentage of expense reports for audit, trigger an audit on users who frequently submit expense reports that are not in conformance with company policies, etc. The Auditing module provides companies with the ability to seamlessly conform to SOX and other regulatory and company compliances necessary to further mitigate risk and fraud.
As part of a highly intuitive travel and expense management system, ExpenseAnywhere’s newest modules are just as easy to use and can help companies realize even greater ROI. New customers will find them as an integrated section of their ExpenseAnywhere solution, while current customers will enjoy how the new modules seamlessly integrate with their current platform and are easily accessed through their usual login.
Giving customers increased span and depth of control with new and broadening modules is part of ExpenseAnywhere’s mission to provide the best T&E solution possible.