Accorto Cloud Time and Expense™ automates the tracking and analysis of time spent on activities and the expenses associated with these activities.

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Organizations that manually process expense reports may spend up to $35 or more per expense report . Travel and entertainment (T&E) expenses comprise of up to 10% of an average company’s operating expenses*! In today's economy automation becomes necessary to maintain competitive equality. If a company enables automation the findings show that:

  • They increase adherence to organization's policies by 40%
  • They reduce reimbursement time by up to 60%
  • Reduces the cost of every expense report transaction by up to 70%*

With Accorto Time and Expense Management you can cut your internal costs while improving your business processes.  Additionally, track the time and expenses associated with tasks your employees perform every day.  These include:

  • Customer Projects like Software Implementations
  • Business Process Re engineering;  
  • Company Projects like Web Site Design
  • Daily tasks like Campaign Management or Customer Acquisition.

Management now has the necessary information to make better strategic decisions because they know the true costs of a project.

 

You can also control your expenses by enabling company policies which include approval rules, fixed prices, reimbursement limits and conditionally required fields.  This ensures that data is complete and within company policies before an expense report is submitted, thus limiting the 'handling and re-handling' of each T&E Report.

Additional functionality included in Accorto Cloud Plus extends the process to include payment of expense reports and billing of time and expenses to customers.  With multi currency, variable pricing by customer, project or contract and customer specific payment terms, complex structures are handled seamlessly.

 

* Source: Aberdeen Group