Accounting
New Fully-Automated Expense Management System Delivers Efficiencies and Time Savings
Certify, provider of cloud-based travel and expense management software, has announced its fully-automated expense management system, designed to save employees hours of time each month. The system uses pre-determined intervals to create and deliver expense reports to employees.
Jul. 30, 2013
Certify, provider of cloud-based travel and expense management software, has announced its fully-automated expense management system, designed to save employees hours of time each month. The system uses pre-determined intervals to create and deliver expense reports to employees.
Through a new feature called ReportExecutive, the enhanced system now offers visibility into employee expenses before the corporate credit card bill is due. This feature comes standard with the Certify service and will be showcased at the Global Business Travel Association convention.
“The time that employees spend every month building expense reports adds up quickly,” said Robert Neveu, CEO at Certify. “With ReportExecutive, employees can stop wasting time building expense reports and let the system do it. All an employee has to do is review their report, then push a button to submit. ReportExecutive will help our clients regain thousands of hours in annual productivity.
The new feature lets employees scan receipts from both their mobile device and desktop computer to automatically create a report compliant with company policy at pre-determined times. The system then notifies employees when a new report is ready for review. Finance and accounting employees can schedule weekly, bi-monthly or monthly reports. In addition, corporate card charges are automatically populated in the expense reports. Other features include ReceiptParse and Cleanup Wizard. ReceiptParse, which was introduced in 2012, allows users to populate expense reports using the camera on a mobile device. The CleanUp Wizard helps employees identify missing data before submitting the expense report for approval.
Through its software, Certify aims to make the expense management process more efficient for companies and employees. According to a recent Certify survey, more than 50 percent of companies still have a manual process in place and face various challenges as a result. CFOs and accounting staff have to deal with past due and incomplete reports, lost receipts and tedious reconciliations.
“ReportExecutive has fundamentally changed the way we develop expense reports, and is saving us several hours a week in accounting and employee time,” says Terri Tweedy, management accountant with Pharmacists Mutual Companies. “We are also overjoyed about the change to personal expenses and the fact that we no longer have to make an additional entry to offset cash. Certify is constantly finding ways to improve their product even more.” Pharmacists Mutual Companies started using ReportExecutive a month ago. Since then, the company has generated more than 100 reports.
The Certify app is available for iOS, Android, Windows and Blackberry devices.