Fundtech has partnered with WebExpenses, a service for managing business travel and entertainment expenses that is currently used by thousands of employees in more than 60 countries. Fundtech’s branded version called Online Expenses will be offered to its current customer base of more than 2,000 direct corporate clients, as well as future customers. As part of the partnership arrangement, WebExpenses will promote Fundtech as their preferred supplier of electronic invoicing presentment and payment (EIPP) services.
Available as software-as-a-service (SaaS), Online Expenses can be set up and used without the need to install new software. It gives organisations the flexibility to easily revise their expenses policies and reinforce them as frequently as needed. The reporting and analysis tools provide visibility and control for managers and auditors, providing the ability to reduce fraud. Adjustments can also be made on country-by-country tax compliance and client recharging.
With the solution, employees/claimants can quickly submit their expenses using an intuitive web interface or populate directly from a credit card statement. Online Expenses includes mileage verification tools that enable business travellers to calculate their carbon footprint by using up-to-date carbon and environmental data at the point of entry. The system supports receipt attachments and SMS, with iPhone and Blackberry applications available.
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