Streamline expense auditing with ExpenseOnDemand. Ensure compliance, detect fraud, and maintain financial accuracy effortlessly. Discover how our solution can propel your business to new heights!
Employees submit their expenses through the ExpenseOnDemand platform, including receipts & justifications.
The system automatically reviews expenses based on predefined rules and flags those that need further attention.
Auditors or managers review the flagged expenses, verifying receipts, checking for compliance, and addressing any discrepancies.
Exceptions are handled by providing feedback to employees, requesting additional information, or rejecting the expense.
Once reviewed and validated, expenses are approved and processed for reimbursement.
Detailed reports and analytics are generated, providing insights into the audit process and outcomes.
Gain valuable insights into your business finances with our powerful expense auditing solutions.
Expense auditing software flags expenses based on various criteria such as unusual amounts, out-of-policy claims, duplicate entries, and missing receipts. This ensures thorough scrutiny and compliance with company policies.
Exceptions are managed through the software by allowing auditors to review flagged expenses, request additional information from employees, and either approve or reject the expense claim. This process ensures transparency and accuracy in financial reporting.
Yes, Expense Auditing Software can integrate seamlessly with other financial systems and platforms. This integration enhances data accuracy and streamlines the auditing process by syncing expense data across different systems.
Expense auditing software enhances financial oversight by automating the review process, providing detailed reports and analytics, and ensuring compliance with internal policies and regulatory requirements. It helps in detecting potential fraud, improving expense management practices, and maintaining accurate financial records.
Take the first step towards streamlining your expense management processes and maximising efficiency with ExpenseOnDemand.
Sign up now for a free trial!