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Holistic spend management

With our software and cards, the entire process from budgeting, purchase and invoice approval to payment and transfer to accounting can be managed on one consistent platform.

Invoice processing

From receipt and capture to verification and approval, you process all invoices and receipts quickly, easily and digitally using rule-based workflows.

Accounting

Assign receipts and postings directly and preallocate cost centers and G/L accounts. In this way, you prepare the bookkeeping efficiently for tax consultants and the internal accounting department.

Payments

Link your bank to finway and transfer open amounts directly without leaving the tool. With the virtual and physical cards, you also make flexible purchases online and offline.

Expenses

Whether travel costs or cash expenses – with finway you manage all expenses and can reimburse them directly to your employees.

Budget control

Comprehensive reporting gives you full transparency on settled and upcoming expenses. With real-time reconciliation between budgets and expenses, you always have full control over your budgets.

Holistic spend management

With our software and cards, the entire process from budgeting, purchase and invoice approval to payment and transfer to accounting can be managed on one consistent platform.

Spinner_InvoiceProcessing
Spinner_Accounting
Spinner_Payments
Spinner_Expenses
Spinner_BudgetControl

Invoice processing

From receipt and capture to verification and approval, you process all invoices and receipts quickly, easily and digitally using rule-based workflows.

Accounting

Assign receipts and postings directly and preallocate cost centers and G/L accounts. In this way, you prepare the bookkeeping efficiently for tax consultants and the internal accounting department.

Payments

Link your bank to finway and transfer open amounts directly without leaving the tool. With the virtual and physical cards, you also make flexible purchases online and offline.

Expenses

Whether travel costs or cash expenses – with finway you manage all expenses and can reimburse them directly to your employees.

Budget control

Comprehensive reporting gives you full transparency on settled and upcoming expenses. With real-time reconciliation between budgets and expenses, you always have full control over your budgets.

Why should companies implement spend management software?

Many departments, such as sales, marketing and HR, already work digitally and with automated solutions. Finance departments, on the other hand, often still use paper folders for their expense management, carry out manual work steps or use various isolated tools. With spend management software, companies can automate and digitise these processes to work more efficiently and productively. This gives them a better overview of all expenses and budgets. They significantly reduce the effort for their financial processes and preparatory accounting. At the same time, they gain control over payment deadlines, subscription invoices and company debit cards and can spend and optimise their budgets in a targeted manner.

How you benefit from a tool for your spend management

Spend management affects the entire company: from employees who submit purchase requests or apply for expense reimbursements, to department heads who plan budgets and approve requests and invoices, to finance departments who check and pay invoices and transfer expenses to accounting. With spend management software like finway, the entire organisation can focus more on its customers, who also benefit from the solution.

How does implementing spend management software work?

A spend management tool should integrate seamlessly with your existing processes. Allow enough time for the implementation, appoint a project manager and involve your team early on. As a rule, you can fill the software with your data, such as cost centres and employees, through data uploads and thus use the tool promptly in your company. You can find more information on implementation here.

Spend Management FAQ

What is spend management?

Spend management refers to all expenses of a company that are processed, checked and paid. Spend management includes all processes around purchase requests, collection of receipts, expense and budget control, payment of open invoices and transfer of all expenses to accounting. Clean spend management is essential for companies to analyse how the budget is spent in the company and to make the right strategic decisions based on this.

What are the benefits of holistic spend management?

  • All processes in one tool without media breaks
  • Full transparency of all expenses
  • Significant reduction of time and effort and thus more productivity and satisfaction
  • All employees are involved, work together more effectively and thus ensure cross-departmental process optimisation
  • Errors due to missed payment deadlines, unnecessary subscriptions or missing invoices are avoided
  • High degree of flexibility without relinquishing control
  • Forecast future expenses thanks to all-round data view and detailed reporting
  • Bank account connection and card integration

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