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.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.