Corporations incur high costs in the process of buying, paying and reconciling purchases (the procurement process), especially for low value, high volume items. Expenses are often buried within a business; in overheads of employees used to process purchases, operation of account teams and the cost of raising purchase orders, cheques and transfers for payment of invoices.
Cost cutting opportunities are also overlooked because businesses lack the expense management processes to analyse the items they purchase; the suppliers, the variations in cost, etc. As a result, businesses have limited ability to source or negotiate the best supplier deal.
ProMaster Enterprise is a sophisticated expense management software solution that meets the needs of medium to large public and private enterprises. This intuitive expense management tool is designed to reduce corporate expenses in the area of low value, high volume transactions by enabling users to -
- Reduce manual processing of financial transactions;
- Improve compliance with corporate purchasing policies, tax and other legal requirements;
- Analyse purchasing trends to improve corporate practices and negotiate better contracts with suppliers.
ProMaster Enterprise supports -
- Multiple Corporate credit card programs ranging in size from 250 - 60,000 cards;
- An employee expense reimbursement facility;
- Procurement functionality;
- Integration to Travel Management Technology;
- Mobile Phone spend management;
- A full range of reports available to all users; and
- A powerful workflow engine that can be customised and managed by an Enterprise Controller.
Providing deep financial systems integration while still offering companies the flexibility to support individually tailored policies and procedures, ProMaster Enterprise empowers users with a greater degree of financial transparency.