From receipt and capture to verification and approval, you process all invoices and receipts quickly, easily and digitally using rule-based workflows.
Assign receipts and postings directly, and reallocate cost centers and expense accounts. In this way, you prepare the bookkeeping efficiently for tax consultants and the internal accounting department.
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.
Whether it be travel costs or cash expenses – with finway you can manage all expenses and reimburse them directly to your employees.
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.
From receipt and capture to verification and approval, you process all invoices and receipts quickly, easily and digitally using rule-based workflows.
Assign receipts and postings directly, and reallocate cost centers and expense accounts. In this way, you prepare the bookkeeping efficiently for tax consultants and the internal accounting department.
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.
Whether it be travel costs or cash expenses – with finway you can manage all expenses and reimburse them directly to your employees.
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.
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 digitize 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 optimize their budgets in a targeted manner.
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 organization can focus more on its customers, who also benefit from the solution.
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 centers and employees, through data uploads and thus use the tool promptly in your company. You can find more information on implementation here.
What is spend management?
Spend management refers to all expenses of a company that are processed, checked and paid. In this context, spend management includes all processes related to purchasing requests, collecting receipts, controlling expenses and budgets, paying open invoices, and transferring all expenses to accounting. Clean spend management is essential for companies to analyze how the budget is spent in the company and make the right strategic decisions based on this.
What are the benefits of holistic spend management?
We will be happy to find that out in a meeting with you. A few points for orientation – finway is suitable for companies that:
Does this sound like you? Then schedule a free demo now! Our experts will guide you through finway in 30-45 minutes and work out the potential for your company with you.
