Vorex.

Expense Management

HR Terra Expense Management suite allows you to more cost-effectively manage your company’s Travel and Entertainment (T&E) spending, which is the second largest controllable expense after payroll. Using our fully automated solution, you will increase your profitability by enforcing corporate spending policies and significantly reducing administrative costs.
T&E expenses account for 7% of total operating costs; “representing a substantial commitment of corporate resources,” according to American Express Global T&E expense Management Survey.

 

Key Benefits

• Enforce policy compliance for travel, lodging, entertainment and all other expenses.
• Eliminate unnecessary and unauthorized spending.
• Reduce expense reporting administrative costs by 85%.
• Eliminate paper and printing expenses.
• Track and analyze employee expenditures to identify alarming spending trends and opportunities to save.
• Reduce taxes by tracking and deducting any tax-deductible expenses.
• Prevent both unintentional expense report errors and outright fraud.
• Negotiate vendor savings by utilizing our vendor analysis tools.
• Be prepared for internal or external audits on corporate expenditures, such as Sarbanes-Oxley.
• Reduce reimbursement cycle times by more than one third by accelerating approval processes via workflows and automatic notifications.
• Increase the accuracy of expenses submitted and timing when billing your clients or reimbursing employees for expenses.
• Web-based, making it accessible for employees from anywhere in the world.

 

Included modules:

• Client Management
• Project Management
• Reimbursement and Invoicing (Payables/Receivable)
• Employee Database
• Managers Self Service (MSS)
• Request Portal
• Messaging
• Compliance (Workflow)
• Reports