December 9, 2013 – SpendMap, a leading provider of cost-effective e-procurement software for companies that need to streamline their Purchasing processes and control their spending, today announced new Expense Reimbursement approval functionality as part of the 2014 Release, which also includes more than a dozen other new features and capabilities.
Companies usually spend money in two ways; either employees process requisitions and purchase orders, or they just spend their own money and expense it later. By adding Expense Reimbursement Requests to its world-class e-procurement toolset, SpendMap is empowering its clients to capture and report on all non-payroll spending in one place.
With the new Expense Reimbursement approval features in SpendMap (sometimes called Expense Management, Expense Reporting, Travel and Expense, or T&E), SpendMap customers can replace their paper or Excel-based “expense sheets”, to reduce paperwork, accelerate the approval process, and simplify reporting for employee expense reimbursements.
Much like Purchase Requisitions in SpendMap, Expense Reimbursement Requests can be routed for online approval based on predefined business rules, to ensure that proper approvals are obtained for every expense, every time. Managers can receive automatic e-mail notifications of pending Requests, which they can approve using their web browsers, tablets or smartphones. Complete expense details are at the Approvers’ fingertips, including previous spending history, up-to-date budget status, as well as a copy of any scanned receipts.
Once approved, SpendMap can send a “check request” to the Accounting, ERP or Payroll System to issue payment to the employee, with no duplicate data entry.
In addition to eliminating paperwork and accelerating the approval process, approved Expense Reimbursement Requests will update spending history, budgets, executive dashboards, and many other areas of SpendMap.
SpendMap is a leading supplier of cost-effective software solutions for companies that need to streamline their purchasing processes and better control their spending. For 20 years, SpendMap has been helping customers improve their purchasing, payables and materials management processes to slash paperwork, control spending and cut costs. For more information, please visit www.SpendMap.com or call 1-800-506-3366.