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Expense Policy Automation

Within Web2Expense following expense policy enforcement scenarios are supported:


Project-based travel expense management is a commonly used scenario.

Using this scenario you can set up multiple projects to track your expenses for each specific project. If the project has resources travelling internationally expenses can be tracked for different currencies. Each project can have its own expense policy or you can assign one policy to many different projects.

When authorizing travel expense reports for payment, executives can get involved in the workflow approval process at project level or in exceptional situations such as out-of-limit expense reports. Expenses can be tracked based on project codes or can be rolled up to their WBS (Work Breakdown Structure) numbers associated with one or more projects. Web2Expense provides flexible project-based reporting capabilities so that you can analyze these projects from a managerial accounting perspective. That provides you with more control over your projects and increases the efficiency of your resource utilization.

Depending on the specific accounting system used in your organization, Web2Expense enables you to track your expenses at various levels of a WBS. Account-based reporting allows the managers to view and analyze expenses in real time, allowing them to closely monitor expenditures. That again contributes consistently to your company's bottom line.


 
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